Hawks ownership feud uncovered Danny Ferry-Bruce Levenson scandal

[HawkItus]

http://www.usatoday.com/story/sports/nba/hawks/2014/09/16/danny-ferry-bruce-levenson-michael-gearon-atlanta-hawks-disfunction/15537881/

 

 

 

Within the past year, Atlanta Hawks co-owner Michael Gearon Jr. approached fellow co-owner Bruce Levenson about selling the franchise, two people familiar with the situation told USA TODAY Sports.

Levenson wasn't interested in selling but is going to do that now, and with NBA now in a seller's market, Gearon will be in position to cash in on his investment — despite financials losses in the past decade. Gearon understands that if he wants to capitalize, he needs to sell more than just his stake. The Hawks are worth more when a majority of the team is sold.

 

[HawkItus]

 

 

Ferry wasn't fired but was issued a significant fine, two people told USA TODAY Sports, but even with that punishment and two apologetic statements, 

If this is true, I see why he won't resign.   

[HawkItus]

 

Also in Gearon's letter to Levenson, he wrote, "The racial diversity of our management team has changed for the worse since Ferry took over."

Yet, the Hawks have four African-American vice presidents, including three who are on the eight-person executive committee. Only the Miami Heat and Charlotte Hornets had more African-Americans in such positions, according to Richard Lapchick's 2014 Racial and Gender Report Card for the NBA.

[macdaddy]

Its bullshit by Gearon.   He just made a decision to blow up everything but i'm suspecting he will get his just desserts in the end.

[AHF]

I don't care if he gets paid.  Just get out.

[BrazilianHawk]

I don't care if he gets paid.  Just get out.

 

Agreed. All this could be a blessing in disguise. If Gearon Jr. gets the F out of the Hawks it could be good.

[DrReality]

Sneaky bastard

[capstone21]

Gearon is POS. And I am looking forward to an ownership who wants the team to succeed and not hold back our gm

[kerrypack]

ha ha, sounds about right.

[turnermx]

I felt like something like this was going on. Dude behaves like a spoiled child get the h out dont let the door hit ya on the way out