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Hawks Issue Statement On Equity Partners, Other Projects

SportsBusiness Journal on Monday reported that the Atlanta Hawks have hired investment bank Inner Circle Sports to help identify potential equity partners. The story noted that the team is considering building a new practice facility, adding new scoreboards at Philips Arena, and introducing a new branding campaign.

Hawks executives declined comment last week for the story, but the team this week offered a statement on the both the equity partner search and the potential new business strategies.

“We have consistently communicated that we will look for strategic partners for our organization as we look to raise the bar in every way that we operate,” Hawks spokesman Garin Narain said via email Monday afternoon. “That does not impact how we are currently approaching our own potential investment in resources, such as a practice facility or in Philips Arena, that can positively impact our basketball team and our fan experience. These are projects that may naturally take time to evolve, but it is critical that we currently discern the best way to approach these opportunities.”

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