The report says Mutombo joined an investment group with an interest in purchasing the majority share of the Atlanta Hawks from Bruce Levenson, who announced he would sell his share of the team.
Currently, at least a majority share of 50.1 percent of the Hawks is available. The Washington ownership group, led by Bruce Levenson and his 24 percent individual share, are selling their stake in the team. Levenson agreed to sell his stake after a racially inflammatory email he wrote in 2012 was discovered as part of an internal investigation.
It still has not been determined whether the Atlanta group, which owns 34 percent, and/or the New York group, which owns 16 percent, will sell their stakes in the team. The ownership group has yet to hold a meeting to determine what percentage of the Hawks will be sold. Also, the process of hiring an investment banking firm to vet prospective buyers is on going.
Mutombo has already met with the a group of investors and discussed the joining their bid to buy the Atlanta Hawks.
The group, which is made up in part of Atlanta businessmen, has begun the preliminary work to get involved in the process.
The talks continue, and there’s possibility that other former NBA players will also join the effort to buy the team. The group reportedly hopes to meet with the NBA commissioner’s office in the near future.
Previously, other former NBA stars such as Dominique Wilkins and Chris Webber expressed interest in purchasing the Atlanta Hawks.
Mutombo, who made a name for himself in the NBA for his defense, rebounding and finger wagging, is beloved not only in Atlanta but across the NBA and has been a vocal ambassador for the sport internationally, particularly across Africa. He speaks at least nine languages.
During his 18 year playing career, “Mt. Mutombo” was one of the most intimidating shot blockers and rebounders of all time, leading the league in blocked shots five times and rebounds four times.
Mutombo was 8-time All-Star and helped Allen Iverson to reach the 2001 NBA Finals with the Philadelphia 76ers. He played in 1196 NBA games (997 started), averaging 9.8 points, 10.3 rebounds and 2.8 blocks per contest.
Mutombo led the NBA in blocks per game in 5 consecutive seasons. In 99-00 and 00-01 seasons, Mutombo also led the NBA in rebounds per game.
After retiring from the NBA, Mutombo dedicated himself full-time to humanitarian work, for which he has won another slew of awards — including one for his efforts to eliminate polio in DRC, and for the innovative medical programs at the Biamba Marie Mutombo Hospital and Research Center.Follow @exnbadotcom
Below is our latest poll. Please leave your vote!
Stay updated on latest stories!
comments powered by Disqus