Bruce Levenson formerly owned the majority of the shares in the NBA’s Atlanta Hawks after buying them in 2004 along with Atlanta Spirit, LLC. In 2015 Levenson sold the team to Tony Ressler and company for a price higher than what most banks thought would be the selling line, http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/. Since selling the team, Levenson and the other former owners of the Hawks have become involved in a lawsuit against their former insurance provider, AIG. They had decided to terminate the contract of the team’s former general manager and he had tried to file a claim to cover losses involved in that. But as Time reports, AIG are not acknowledging the validity of the claim, and the dispute has been taken to court where Levenson and the owners want damage relief, including attorney fee costs.
Levenson built a large media company in the years before purchasing the Hawks. He grew up in Washington D.C. and attended Washington University where he got a degree in journalism. He contributed to the Washington Star newspaper for several years, and then he and Ed Peskowitz decided to build their own news publishing company. It began with an oil industry publication and then evolved into a massive technology news source, and today it’s a full service company that also founded TechTarget and GasBuddy. Levenson also is on the boards of BIA Digital Partners, a private equity investment firm.
Levenson has been involved with several non-profit groups including Hoop Dreams, an inner city basketball tournament whose proceeds benefit underprivileged students, and the Holocaust Memorial Museum’s “Bringing the Lessons Home” program. The museum has been a special interest to Levenson because his mother-in-law is a survivor of the event, and not long ago the Atlanta Hawks entire team got to hear her story while visiting the museum. Levenson is also the founder of the Center for Philanthropy and Non-Profit Leadership at the University of Maryland.
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