NBA approves 76ers sale, but stays mum on Hawks
Posted: Wed Oct 19, 2011 2:05 am
Lockout notwithstanding, the NBA announced Tuesday that its Board of Governors voted unanimously to approve the sale of the Philadelphia 76ers. Meanwhile, the league remains quiet on the proposed sale of the Hawks, which appears stalled in the approval process.
“Nothing new at this point,” NBA senior vice president of communications Tim Frank said by email Tuesday.
The Atlanta Spirit Group’s agreement to sell a majority stake in the Hawks, as well as the Philips Arena operating rights, to Los Angeles businessman Alex Meruelo was announced Aug. 7, contingent on approval by the NBA.
Ten weeks later, a decision on approval does not seem close at hand. A vote is not on the agenda for the league’s Board of Governors meetings Wednesday and Thursday in New York, Frank confirmed. http://www.ajc.com/sports/atlanta-hawks ... 05048.html