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SBD/November 7, 2011/Franchises
Hawks Sale to Meruelo Falls Through; Atlanta Spirit Takes Team Off The Market
Published November 7, 2011
THAT'S THE SPIRIT: In Atlanta, Jeff Schultz wrote the collapse of the sale means there is “nobody minding the office.” Meruelo “presumably never had the funding and/or wouldn’t provide the financial guarantees as laid out by the NBA to purchase a franchise.” Schultz sarcastically wrote of Levenson saying the team is no longer for sale, “Why shouldn’t we believe Levenson? Doesn’t he always speak the truth?” The Spirit “basically has gone from bad ownership to relative absentee ownership because their primary objective now is to sell the team, not improve it” (AJC.com, 11/4). YAHOO SPORTS’ Eric Freeman wrote this is “horrible news for Hawks fans, especially because they had their hopes raised over the past few months.” But the “good news for Atlanta is that the group's decision to take the team off the market may be related to the lockout, if only because it's hard to convince a potential buyer a team is a good investment when the financial future of the league is up in the air” (SPORTS.YAHOO.com, 11/4).