Squawkers Hawksquawk Posted November 4, 2011 Squawkers Report Share Posted November 4, 2011 The AJC’s Tim Tucker reports that the sale agreement between ASG and L.A. businessman Alex Meruelo has been terminated by “mutual agreement.” ASG member Bruce Levenson said in a statement: “The Atlanta Hawks are no longer for sale. We’re excited to remain as owners of the Hawks and are committed to building on our string of four straight playoff appearances.” Meruelo said: “[W]e were not able to reach a mutually satisfactory agreement on some key issues given the current uncertainty surrounding the labor issue.” According to Tucker, the “approval process bogged down after the NBA required economic conditions that were not part of Meruelo’s original deal.” According to AJC wise guy Jeff Schultz, ASG’s ownership and now failed sale of the Hawks is “the nightmare that won't end.” Michael Cunningham, Hawks beatView the full article Link to comment Share on other sites More sharing options...
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