The owners of NBA’s Atlanta Hawks team have agreed to sell the franchise, according to the Atlanta Journal Constitution.
The team is scheduled to go on the market sometime next week.
The Hawks are owned by three groups: A Washington-based group that owns 50.1 percent, an Atlanta-based group that owns 32.3 percent and a New York based group that owns 17.6 percent.
The NBA has approved agreements for all three of those groups to sell their stakes in the franchise, according to the report.
As previously reported, former NBA players are among those interested in purchasing the Atlanta Hawks. Among them – former Hawk, NBA legend Dominique Wilkins, and ex-NBA star forward Chris Webber.
A TMZ report had said that Wilkins was “extremely interested” in becoming the next owner of the Hawks — and has already been pre-approved for ownership by the NBA.
Another name that was mentioned among those interested in purchasing the Hawks was former Hawks All-Star, Dikembe Mutombo.
The mayor of Atlanta Kasim Reed said in September 2014 that he had spoken with six potential buyers. In October, several reports suggested that the Hawks’ management hired investment banks Goldman Sachs and Inner Circle Sports to sell the franchise.
According to the estimates, the Hawks franchise could be sold for more than $700 million.
Previously in May 2014, the LA Clippers team has been reportedly purchased for $2 billion, while another NBA team – the Milwaukee Bucks was sold for $550 million.Follow @exnbadotcom
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