On the Rise: Bruce Levenson and the Atlanta Hawks

This past season, the Atlanta Hawks shocked many around the NBA by winning a franchise record 60 regular season and claiming the top seed in the NBA’s Eastern Conference. The Hawks eventually made it to conference finals series before exiting the playoffs. It was an incredible season for a team that many NBA experts had predicted would be a low playoff seed, if not a team that missed the playoffs.
Team owner Bruce Levenson deserves a lot of credit for the team’s success in 2015. Levenson, a businessman and the co-founder of United Communications Group, purchased the team in 2004 along with the local NHL team, the Atlanta Thrashers, and the team’s home stadium, Philips Arena. The Atlanta Hawks have had great seasons under Levenson recently as they have made the playoffs eight seasons in a row.
In 2012, Levenson hired Danny Ferry to become the team’s general manager and make the majority of the basketball related decisions with input from Levenson. This can be seen as the move that took the Hawks from a good team to a great one. Shortly after Ferry was hired, before the 2013-2014 season, he hired Mike Budenholzer to be the team’s head coach. With this core in place, the Atlanta Hawks were ready for their breakout season in 2015.
The 2015 Atlanta Hawks can be seen as a basketball purist’s dream team. The team had no true superstar and rather scored off of great passing, shooting, and team chemistry. Everyone on that team had a role and played it perfectly. Jeff Teague was a penetrating point guard who scored off of drives to the basket. Kyle Korver enjoyed one of the greatest 3-point shooting seasons in the history of the NBA. Demarre Carroll was one of the best defensive players in the NBA and also the vocal leader of the team. Paul Milsap provided great rebounding as a forward and also contributed with a great mid-range shooting game offensively. Al Horford was their center and widely considered the most versatile big man in the league as he can score from anywhere on offense while also providing good defense and rebounding. The Hawks had four all stars in 2015, (Teague, Korver, Milsap, Horford) leading the NBA. Mike Budenholzer was named the NBA’s Coach of the Year. Unfortunately, key injuries to Carroll and Korver cost them a chance at the title and the team lost to Cleveland in the conference finals.
While the Hawks will look to repeat their success in the 2016 season it will be under a new owner. Bruce Levenson has decided to sell his share of the team. The team will be bought by a group of people which includes former NBA all star Grant Hill. The selling price of the team is a little under a billion dollars meaning that Levenson achieved a profit with the Atlanta Hawks.

The Atlanta Hawks Have A Great Chance At Winning A Championship

I know a number of my friends are extremely excited about the Atlanta Hawks this season, and their enthusiasm is contagious. We’ve all been watching the Hawks for years and have seen them turn into a very good team. This past season they won 60 games and looked good doing it. They fell apart a bit at the stretch, but in January they were unbeatable. They actually went 17-0 for that month, which was mind-blowing to watch. The Hawks could come back this year and outperform last year’s squad. The team played a lot of exciting games and looked more sure of themselves than in seasons past. This year could be a continuation of the type of excellent play they showed last season. They may be able to advance further in the playoffs, all the way to winning the finals. That’s why I’m hoping for and I’m not the only one.

Bruce Levenson sold the team early this year to Tony Ressler and Grant Hill. Levenson and his partners at Atlanta Spirit LCC did a good job of building up the team over the years. Ressler said he would be similar to Bruce Levenson in that he would take a hands-off approach to managing the team. Grant Hill, on the other hand, is a recently retired NBA player who could very well have a lot of input about roster talent. There are already some differences to how the team is being marketed now that Ressler owns the team instead of Levenson. Ressler’s management has introduced flashy new uniforms this past offseason. Ressler and Hill have a solid foundation to build on that was left behind by Bruce Levenson. The franchise has done many things right in the past ten years and has built up a decent reputation throughout the league. That should continue in the future.

The Hawks also seem to be experimenting with a few different looks for the logo. The team seems interested in making the look engage more with the current fan base, which is always a good thing. The Hawks finished in the middle of the pack in attendance like they normally do. The fans in Atlanta tend to go more when the team is winning. This is slightly different in some cities where the fans show up no matter what the team is playing like. The team just announced they’re moving Wes Wilcox to General Manager. I’m expecting to see more moves in the front office and with players before the season starts. They’ve already signed a few veteran players lately, which can help add stability to the team. I’m still expecting to see them make some sort of major move. It’s possible they won’t because the 60 wins last year were a franchise record. They may not want to get too radical for fear of upsetting the balance. Still, they are going to want to appeal to fans to keep the interest growing. In the NBA, that means bringing in star players to fill the stands.

Atlanta Hawks’ New Ownership

In December 2014, newsrooms went bursting with the news that Atlanta Hawks owner and partners had put the team on the market. The story elicited numerous reactions and analysis. Speculation was whether the NBA club was worth a $1 billion. Different experts gave their opinions on the subject and even encouraged that the owner reaps highly from the sale. Bruce Levenson appointed Goldman Sacs to handle the sale. He could only append his signature as approval of a deal.

In April 2015, different media houses announced an agreement to sell Atlanta Hawks basketball club. The team of buyers was under billionaire fund manager Antony Ressler. Earlier, the details of the deal were scanty, but it has emerged that the NBA club sold for $850 million. The former owners made a fortune on the sale given that they bought it at a lower price.

Economists in the US estimated that Bruce and team could have made an additional $250 million on the sale. However, it was prudent to take what was on the table. Better still, it would be gambling to decline such a deal. Just a year before the acquisition, Forbes valued Atlanta Hawks at $425 million. It is an indication of how fast the prices are rising, and the need to acquire earlier than later.

Team Ressler included Grant Hill, former NBA player, and founder of Marquis Jet, Jesse Itzler. Additionally, Ressler’s group had Itzler’s wife and Stephen Starker. It is an extremely professional team that had a great investment and management skills. They felt like the purchase could change their fortunes to a different level. NBA teams are known to appreciate in value within a short period. It is even better if the team performs better than in was earlier. It explains why billionaire investors buy teams with best-performing players in the league at the same time.

In 2004, Michael Gearon and Levenson purchased the Hawks’, the Arena, and Atlanta Thrashers for $240 million. It was quite a lower value for all the three. However, in 2011, they sold the Atlanta Thrashers for $170 million and remained with the Philips Arena and the Hacks. Fast forward to 2015; they have made more than a 600 percent profit on the sale. Despite the alleged miss on maximizing profits, they still made a handsome amount on the deal.

Before the deal, Ressler had the offer to buy the Los Angeles Clippers for $2 billion. In spite of the fact that he wanted the contract, his group was against the idea. The miss out on LA Clippers made him jump in for the Hawks deal. Junior Bridgeman was in the process of acquiring the Atlanta Hawks when Ressler overtook them. Grant Hill, the owner of Bridgeman, did not want to miss out on this deal. So he decided to join Ressler’s team in the acquisition.

Entrepreneurship is a skill that involves the identification of an opportunity and cashing in immediately. It is a level of expertise that is common with billionaires. The amount of profit that investors make in NBA sell-purchase deals is tremendous.

The Atlanta Hawks Rise

Overview

The Atlanta Hawks are one of the most well known NBA franchises in the league. There are several reasons for this, but one of the biggest is the fact that they have an owner in Bruce Levenson who is experienced with helping teams take the next step in their wins and losses. There are few people that have been able to turn around a team like Bruce Levenson. When Bruce Levenson first bought the team a little over ten years ago, the Atlanta Hawks were one of the least known teams in the league. In just a decade or so, Bruce Levenson has brought the franchise back from the brink to get to where they are today. Here are several reasons why the Atlanta Hawks are one of the best franchises in the NBA today.

Fan Support

Atlanta is one of the best cities in the nation for sports. There are many people that live in the city, and it is one of the largest cities in the south. There are two other professional sports teams in the city that the fans support greatly. For any sports franchise to have success over the long term, they must be engaged with their fan base. The good news for the Atlanta Hawks is that Bruce Levenson has done a great job of getting the fan base excited about the team. At the end of the day, the fan support comes down to the team’s performance on the court. This is an area that the Hawks have been great in over the past couple of years.

Bruce Levenson

Bruce Levenson is one of the best NBA owners in the league today. There are few people that have been able to turn around a pro sports franchise in a way that he has. One of the best things about Bruce Levenson is the fact that he stays motivated to keep doing well in life. Even though he has enough money to never work again, Bruce Levenson continues to work many hours a week on the team that he loves. In addition, he spends a lot of time and money in the surrounding Atlanta area.

Final Thoughts

Overall, the Atlanta Hawks are one of the best NBA franchises in the league today. There are few owners that love their team as much as Bruce Levenson. Bruce Levenson is one of the best NBA owners over the past couple of years. Through his hard work, he was able to get the fans engaged in the team again. This is vital for an NBA franchise to have success over the long term. Any other NBA that needs to get their franchise turned around from a wins or financial perspective should read up on the work that Bruce Levenson did with the Atlanta Hawks. Not only is Bruce Levenson a great NBA owner, but he also spends a lot of his own time and money in the Atlanta area.

Bruce Levenson Of Atlanta Hawks Decide To Trade Team To Antony Ressler-Grant Hill Group

The owners of Atlanta, Bruce Levenson, Hawks are working to complete the trade of the club to a particular group headed by billionaire equity as well as investment trust manager Anthony Ressler. This was disclosed by 3 people conversant with the procedure to USA Today Sports.

They requested their identity not to be disclosed since they weren’t allowed to talk publicly till the trade is finalized.

Ressler’s group that comprises of former NBA player Grant Hill alongside Jesse Itzler, the co-initiator of Marquis Jet, will purchase the Hawks from Bruce Levenson, Michael Gearon Jr., plus other investors for $850 million.

Itzler’s wife, Spanx founder Sara Blankely, alongside Clayton Dubilier & Rice associate Rick Schnall as well as BTIG co-founder Steven are similarly in the Ressler’s group. NBA owners should approve the trade of the club, though that is anticipated.

The Hawks declared the pact of the trade Wednesday evening.

“We are honored and thrilled to have been chosen to become the new stewards of the Hawks,” Ressler announced in a report. “We respect the NBA’s approval process and, accordingly, can say no more other than we are incredibly excited by the Hawks’ success and wish them luck in the playoffs.”

Foley and Larder sports lawyer Irwin Raij, who has helped the trade of additional sports charters, said the trade value is a sturdy figure for the marketplace.

Irwin Raij stated that the value replicates the strong point of NBA brand at the moment and opinions based on their thought of what the marketplace can become. He further considered the national as well as area media deals plus the tendency of increasing NBA team estimates. The value of the club in this marketplace will be perceived positively.

Levenson, Gearon plus others bought the Hawks, the NHL’s Atlanta Thrashers as well as operative rights to Philips Arena for $250 million in 2004 plus traded the Thrashers for $170 million in 2011. The Thrashers moved to Winnipeg.

Ressler intended to purchse the Los Angeles Clippers one year ago, though this group did not wish to go too high as Steve Ballmer’s $2 billion bid.

Ressler, a lesser shareholder of the Milwaukee Brewers moved rapidly when the Junior Bridgeman-Grant Hill association withdrew from the process. Yet Hill still wished to participate and joined Ressler’s company. Hill is anticipated to have only a minor share in ownership although he should own over 1% according to the new guideline established in NBA by present owners.

Levenson declared he would trade his stake of club in September-this was due to some anonymous reasons only known by him and his partners. In January, Michael Gearon Jr., the other important share of Hawks proprietorship, stated he would trade his stake of the club.

A Man With a Big Heart, Bruce Levenson

He is an achiever and a man with a big heart, the 65 years-old Bruce Levenson is an excellent businessman. He is a go-getter and never settles for less having studied law in American University and Bachelors of Arts in Washington University, Bruce went ahead to pursue a career in journalism. He wrote for Washington Star and Observer Publishing. The experience as a journalist saw him co-found United Communications Group (UGC) together with Ed Peskowitz. UGC is a privately owned information company that specializes in news, data and analysis for different industries like banking and health. The company has also developed a mobile application, GasBuddy which enables users to know where they can get gas at a cheaper price. His dedication in UGC saw them together with Ed in 1997 being inducted into the Software and Information Industry Association’s Hall of Fame. He is a founding member and a director at TechTarget.com. He has served in the board of directors of Newsletters and Electronic Publishers Association (NEPA). He has been an adviser for BIA Digital Partners.
He is a father of three sons and a grandfather who loves and plays basketball. He has been the controlling owner of Atlanta Hawks Basketball Team since 2004. Having the majority shares, he served as the managing partner and governor in the NBA board of Governors. Together with the Hawks he also acquired the Phillips Arena and NHL’s Atlanta Thrashers (which was later sold). The Hawks have won 60 games and are number 1 in the Eastern Conference. Recently, Bruce sold his Hawks shares for more than $ 700 Million.
This philanthropist together with his wife, Karen has funded a lot of charity work. Having been born in Maryland, he has given back to his community in a great way. This is seen in the funding he did for the development of Center for Philanthropy and Nonprofit Leadership at the University of Maryland. He also funds US Holocaust Museum’s Bringing the Lessons Home Program and is a participant in Hoops Dreams Foundation and Community Foundation of Washington D.C. He has a heart for the Jews having supported one of the biggest Jewish youth Organization (BBYO), Birthright Israel, Jewish Youth Philanthropy Institute and Jewish Federation. He is the president of “I Have a Dream Foundation” and has made donations to the Seed Foundation and Seeds of Peace. Bruce is a member of Compensation Committee, a member and director of Nominating and Governance Committee.

NBA teams sold and their owners including the Hawks owner Bruce Levenson

Earlier this year there was a battle that ensued for the ownership for the Atlanta Hawks and their stadium-Phillips Arena. The sale has been going on for almost eight months since the main owner of the Hawks-Bruce Levinson let it be known that he was interested in selling his share of the team and it is still not resolved. Everyone who wants to bid on the team and their arena have been given a deadline in April to try to wind this sale up, but it is being said that it could take another two months after that to get all the legalities straightened out. Now people involved in what going on with the sale says that the group involved with Antony Ressler are they people who won the bid to buy the Hawks and their arena. Since everyone that was bidding for the team is under a non-disclosure agreement, the group that won is unable to disclose the information on the purchase until everything is settled and finished.

Other people that are part of the group that is buying the Hawks is ex-NBA star Grant Hill who was a great player when he played for the Pistons, the Magic, the Suns, and the Clippers, the partial owner of the airline company Marquis Jet-Jesse Itzler, and Jesse Itzler’s wife Sara Blakely who started the company and the fashion craze Spanx. The price they paid was even higher than expected at over $800 million dollars and the deal for the team and the arena how now been approved by the owners of the team and the arena. Antony Ressler was in the process of buying the Los Angeles Clippers last year, but he and the people in his investment group were outbid by Steve Ballmer and his group’s $2 billion buyout. Mr. Ressler is also a partial owner of the team, the Milwaukee Brewers. Even though Grant Hill had been a part of Antony Ressler’s group, he decided he wanted to be part owner of the team, so he joined the group bidding with Mr. Ressler. It is not known how much of a percentage Grant Hill owns of the team.

Bruce Levenson on time.com and his group who are centered in Washington, own just over 50% of the team and the arena. A couple of months later, the other owners-the owners out of Atlanta who together owned just over 32% decided they would sell their share of the team and the arena. Then the New York based owners decided to sell their share of almost 18% as well.

Last year the Los Angeles basketball team the Clippers changed ownership when their owner Donald Sterling was asked to sell his team last summer and the team ended up being bought by Steve Ballmer. Another team that was sold last year in Wisconsin was the Milwaukee Bucks which were sold for the huge price of over half a billion dollars last year. Experts are saying that the Hawks and their arena will most expectedly sell for far more at over three fourths of a billion dollars.

Why Brazil Stands To Be The Best Investment Destination

Zeca Oliveira as the president of Bridge Trust and a former Chief executive of BNY Mellon in Brazil handles management of both funds and resources.Bridge Trust had its operations running a year ago with an enormous amount of cash to manage. Also, Zeca Oliveira made it clear that an alliance between Bridge trust would give room for exchange in business in terms of products and offered services.
Keeping in mind Brazil is a beautiful country with amazing sites to visit, giving room for interested investors and tourists to come aboard with interest to have a taste of its emerging economic investing opportunities. The Brazilian government with its outstanding need and willingness for the development of the country has indeed created interest globally for investors in Brazil.
As a tourist destination, real estate is probably a good investment as you starting capital is not going to be as high as that you will need to start within already established destinations in Europe. With the option of a long-term investment plan, the value of your investment package will matter a lot.For the real estate option, it will eventually go up in few years to come as Brazil is a potential economic hub.
With the growth of tourism, the unit prices of properties in Brazil will hike up. Therefore, it is wise to get the best piece of property at a pocket-friendly price and make a profit from the appreciation. Sao Paulo, Bahia, Fortaleza, extra. Are destinations that offer a great deal opportunities to buy property. Not forgetting that the market is already there as tourists are always visiting and would have interests in different properties.
Not forgetting how the government has assisted in the overall economic growth over the past five years thus enabling the country feel the change and venture in different sectors. With the improvement of employment opportunities along with good salaries; this has generated demand to acquire property by the growing middle-class community.

Brazil currently holds a position as the largest in economy Latin America this continued expansion in development enables Brazil to be a potentially the most significant economies globally. In this, regard the Brazilian government emphasizes on the countries growth especially on tourism and creating chances for investors from other parts of the world including the real estate entrepreneurs.
Being one of the safest tourist destinations across the globe, the demand of peak East market is on the rise.Construction companies have high needs due to the rate of development of property thus giving additional top ups to buyers as the internal market grows.

Brazilian Lawyer Stands On Solid Strategy: Ricardo Tosto

When you find yourself in a legal bind in Brazil, you wish to find the most competent lawyer that can help to ensure that justice is served. A lawyer that does not have a skill for developing strategy could mangle your case, but a lawyer with a solid legal strategy could ensure that your case is presented in the best possible light.

Ricardo Tosto is one of the most highly respected lawyers in Brazil. He is known for having an excellent grasp on legal strategy. A case’s strength stands on the soundness of an attorney’s strategy. Notable public figures have turned to Tosto’s legal expertise in numerous situations. He was often chosen for cases that held national attention. Tosto has much experience and worked his way up from practicing in a small office to working for a large corporate firm. In addition to being a diligent lawyer, Tosto proved to be a successful entrepreneur. After practicing law for several years, he boldly opened his own law firm that rapidly expanded into one of the largest and most sought after law firms in Brazil. Tosto served as a mentor to the majority of partners in his firm, so Tosto can account for their legal prowess.

Serving Brazilian corporations, multinational interests, politicians, government agencies and not for profit organizations, Tosto built a name for himself. In addition to representing many different cases from parties of all different walks of life, Tosto even contributed to the creation of crucial economic laws in Brazil. A lawyer’s versatility is truly measured by the range of cases and people for which they have fought. Even after all these years, Ricardo Tosto still has passion for fighting the good fight or as he calls it “the good combat.”

If you need legal guidance in Brazil, it is important to find someone with an ample knowledge of Brazilian law. If your lawyer has actually produced litigation that lead to the creation of certain laws, you know that the lawyer is fully aware of the inner working of the Brazilian legal system. If you are an international client, you need to find a lawyer that has represented multinational cases. You also want a lawyer that has proven track record for success, because you do not want your case to flounder on account of a lawyer’s poor sense of strategy. Finding the right lawyer can make a difference between winning and losing your case. An experienced attorney with a versatile background can best represent your interests.

Brad Reifler Has Conquered the World of Finance

Brad Reifler is a renowned entrepreneur who has achieved great success in the world of finance. Since graduating from Bowdoin College with degrees in political science and economics, he has made a name for himself in the commodities markets as well as the foreign exchange markets. He founded his first company in 1982, which was appropriately called the Reifler Trading Corporation. With this company, he began his foray into international finance by trading in global derivatives for his clients. This company was so successful that it was bought by Refco, Inc in 2000. He then moved on to found Pali Capital in 1995, which had over 250 employees in Europe and the U.S. at its peak.

With this solid background in finance, in June of 2009, Brad Reifler went on to become founder and CEO of Forefront Management Group, which is where he currently works. This company has a number of subsidiaries, which include Forefront Capital Management, Forefront Advisory and Forefront Capital Markets. Here his expertise is invaluable in advising clients about the sometimes volatile commodities and foreign exchange markets. In addition to his own company and its subsidiaries, he sits on several advisory and corporate boards and is a trustee of the Millbrook School, which is a private preparatory school located in Millbrook, New York.

The commodity and forex markets are not for the timid or casual investor. It is mainly large international banks that trade in the foreign exchange markets and enormous sums of money are on the line in these trades. The trading of commodities through derivatives and other financial instruments is also a high stakes investing world where only those with the knowledge and will to succeed dare compete. With Brad Reifler’s experience in the financial world, he has secured a place for himself and his companies in the world of high finance.

Story of My Life