Basketball

The Important Information About The Bruce Levenson and The Latest Information Concerning Atlanta Hawks LLC

Bruce Levenson was born and brought up in a Jewish family based in Washington DC. He grew up in Chevy Chase in Maryland. He attended his college in St. Louis at Washington University. He is also a graduate of Law from the American University. Career-wise, in 1977 Mr Levenson and Peskowitz became co-founders of United Communication Group. UCG is a private-held business that specializes in data collection and analysis for healthcare, news, energy, technology and mortgage banking. UCG also owns the GasBuddy Mobile Application This Company was based in Gaithersburg in Maryland and was started in Levenson’s apartment.

The Atlanta Spirit LLC is an Atlanta partnership who owns the NBA Atlanta Hawks Basket Ball Team and based in Georgia. There are group of businessmen who collectively partners to own the professional basketball team of Hawks. These partners includes: Bruce Levenson who is the team manager and a member of the Team’s Board of Governors, Michael Gearon Jr, Ed Peskowitz, Todd Foreman, Beau Turner, Sr. and J. Rutherford Seydel. Atlanta Hawks LLC was formed in 2004 to buy the Atlanta Hawks Team from the Turner Broadcasting.

In 2012 Mr Bruce hired Ferry as Hawks general manager and the chief leader of its operations. Mr Bruce chose Danny Ferry because he had already been a player and a general manager of the Cleveland Cavaliers and was also the San Antonio Spur’s vice president and therefore he had already acquired a lot of experience in handling issues related to any basketball teams operation.

In March 2014, Mr Bruce Levenson together with his wife and his mother-in-law madam Irene accompanied the Hawks NBA team and its officials to United States at Holocaust Museum in based in Washington DC. Mr Bruce utilized this time while they were out for trip to announce his plans concerning the sale of his shares of ownership in the Hawks website.

The Hawks Ownership team is working extra hard to tie up the deal for selling the team to Anthony Ressler. Mr Anthony Ressler and his group that comprises of the co-founder of Marquis Jet Mr Jesse Itzler and the former NBA player Mr Grant Hill have already settled the deal to buy the Hawks Basketball Team for 850 million U.S dollars but the NBa owners must first approve the deal.

In one of his statement Mr Ressler recorded that they feel quite honoured and thrilled to have been selected to steward the NBA Hawks Team. Foley and Lardner sports attorney Mr Irwin Raij, who strongly pushes the auction of other franchises of sport also recorded that the price is favourable. The price settled for the team auctioning reflected how the NBA product can be of worthiness. .

Bruce Levenson Got A Great Return On His Sale Of The Atlanta Hawks

The value of NBA franchises rose sharply in the past few years, as evidenced by the recent sale of the Atlanta Hawks. Some analysts thought that the market had become somewhat stagnant. That all changed when Steve Ballmer bought the Los Angeles Clippers in 2014 for over $1 billion. His investment breathed new life into the valuations of all NBA franchises. In 2013, the Atlanta Hawks were valued at $425 million. By the time the sold earlier this year, the price had risen to $850 million. That quick climb in price can be attributed to the effect the sale of the Clippers had on the NBA.

Bruce Levenson and his team at Atlanta Spirit LLC bought the Clippers in 2004. During their tenure with the team, they improved attendance but were never able to crack the top fifteen in attendance. Part of the reason was the team’s winning record. As that improved in the last few seasons the attendance went up steadily. Attendance is generally associated with on-the-court performance so this action was expected. The new owners, led by Grant Hill and Tony Ressler, saw sellout games as the Hawks made the NBA Playoffs.

So far this bump in valuation has not created a massive selloff of teams. It’s possible that could happen now that the average valuation has risen above $1 billion. Three NBA teams are now valued over $2 billion, with the Los Angeles Lakers leading the brigade at $2.6 billion. Not surprisingly, the three with the richest valuations are in the three largest media markets of the U.S of Chicago, New York, and Los Angeles. Team owners who bought it at much lower prices could be tempted to get their piece of the pie at a time when NBA attendance has hit an all-time record. Owning an NBA franchise has long been the past time of super-rich individuals who arguably might not need the money. That can always change in the event of estate planning or an illness. Right now there does not seem to be any signs that turnover is on the rise, but the valuations and the historical highs in attendance are probably tempting to owners in middle markets.

Middle markets generally have a tougher time drawing consistent attendance. In the event, they can land a superstar player like Lebron James, that can change. James’ stay in Miami helped pushed that team into the top 10 in terms of valuation and it’s likely the same could happen to the Cavaliers. The Cavs finished second in attendance in the league just behind the Chicago Bulls. That could push the valuation of the Cavs sky high in the next few years, especially if the performance were to improve.

One of the Greatest Bussinessman

Philanthropist, businessman, and leadership is what Bruce Levenson embodies. He exemplifies impeccable entrepreneur skills.His background education includes a Bachelor of Arts degree that he obtains from Washington University. He also accomplished a law degree that he receive from American University in Washington DC. He has a collective group of expertise in many fields.Everything that Levenson partake in is extremely successful.He has many skills that ranged to his high intelligence to his love of professional sports to cooking technology.
There are many businesses that Levenson help mold. He is the director of the company TechTarget until 2012, a company that targets people who are in the technology business. He is also a partner of the app GasBuddy, which have about 45 million downloads. The app is designed to help people find low-cost gas.Levenson along with Gearon and some others had purchased the Hawks in 2004. He also struck a deal and purchased the Atlanta Thrashers and gained the operating rights to Phillips Arena in the same year for 250 million dollars. He later sold the Thrasher in 2011 for 170 million dollars in the year 2011.Under Levenson leadership, the Hawks was the only team in the Eastern Conference of the NBA that reach the NBA playoffs seven consecutive times. He would later also sell his stake of the Hawks in 2015 to Tony Ressler.
He recently became a partner in the company DOT, which is a private company that created a new cooking technology, a toaster that can toast bread in only three seconds.
His greatest business accomplishment is his company United Communications Group (UCG) that he is co-founding in Washington Dc in 1977. UCG had won over 125 awards, including a journalism award for editorial excellence that the company won in 1978.UCG have over 45 million customers worldwide, making it one of the most recognizeable companies.
Levenson along with his wife Karen, have funded many education initiatives that target children who had disadvantages in their life.He served as president of the “I have a Dream Foundation”, which helps children who come from low-income homes that want to achieve a higher education.Some of his other philanthropy projects include the “Do Good Challenge”, Center for Philanthropy, and the Nonprofit Management at the University of Maryland.

Successful Entrepreneur and NBA Team Owner: Bruce Levenson

Buying an NBA team is possibly just as hard if not more difficult than qualifying as a player. Owners are generally wealthy individuals who have achieved great success prior to acquiring an NBA team. Collectively, owners have diverse financial portfolios emanating from a wide array of businesses, such as real estate, the stock market, the entertainment industry, technology and more. The underlying theme among the NBA’s 30 owners is determination and hard work.

Being an NBA owner does not mean you get to sit around all day and watch basketball games. There are many responsibilities and factors that are involved with running a professional sports team. Owners have to address issues like collective bargaining agreements, union disputes, television contracts, international marketing strategies, merchandise and branding, arena development, player development and more.

Even though NBA owners express a love for the game; it is safe to assume that they are more interested in making a profit from their investment. Owning an NBA franchise is a great way to boost your income; consider this, every NBA team makes a profit, even the losing teams.

NBA owners have always represented an elite group of individuals who are willing to spend millions of dollars to make their franchise more competitive. Owning a professional team is no different than running a Fortune 500 company. Each team has an executive board, rules and regulations, employees, management and a universal mission – win an NBA championship title.

NBA owners have to deal with many factors that that are associated with operating a multi-million dollar corporation, such as employee satisfaction and the future outlook of the organization. However, NBA owners are also faced with unique challenges, such as transporting an entire team and staff across the country on a weekly basis for games, and NBA owners must provide elite medical personnel and facilities for an employee base that is susceptible to injuries.

One of the NBA’s top owners, Bruce Levenson, co-owner of the Atlanta Hawks, has demonstrated exceptional leadership throughout his career. As a successful law graduate and technology entrepreneur, Levenson, a Washington D.C. native, has led the charge in building his franchise into a playoff contender during a period of time when sports analysts thought the Hawks were not competitive. Levenson purchased the Hawks in 2004 for $189 million dollars, and as of January 2015, the team is worth $825 million dollars.

Levenson’s leadership, in addition to his abundant charity work, has positioned him as an asset to the Atlanta Hawks, the city of Atlanta and his hometown – the District of Columbia. Levenson made his millions as a co-founder of United Communications Group – UCG, which owns GasBuddy, an app that helps drivers find cheap gas prices; in addition, UCG specializes in collecting and publishing data for the energy sector, healthcare industry, technology sector, mortgage and banking sector, the oil industry and more. Levenson’s entrepreneurial ventures has given him tremendous leverage and insight into the inner workings of a multi-million dollar corporation.

Levenson’s leadership extends beyond the court in a very meaningful way. He is the former president of the Washington D.C. chapter of the I Have a Dream Foundation, which assists low-income children with pursuing their education. Levenson is also a major contributor to the US Holocaust Museum.

Bruce Levenson is the perfect example of the American Dream. At a young age, he built a successful business with a lot of hard work, and he has accomplished what many can only dream of – owning an American basketball team. As Levenson continues to expand his empire, he is sure to be a source of inspiration for people who work hard and dream big.

Hawks Bounce Back

The Atlanta Hawks have had a truly amazing season, as they have dominated the Eastern Conference and sit atop the East with an astonishing eight game lead over the Toronto Raptors, who are sitting in the second spot. The Hawks just had a nineteen game winning streak snapped and there was a lot of speculation as to how the Hawks would come back after snapping such an amazing winning streak, but they bounced back on Wednesday night when they met the Washington Wizards in Atlanta. The hawks did what they always do and beat up the Wizards consistently throughout the game, winning by nine points. It appeared as if there was no team in the East that could match up with the Hawks, but the Cavaliers have rocketed out of the midpoint of the season and are currently on an eleven game winning streak of their own. They have turned things around to such a degree that a lot of sportscasters and writers alike are stating that the Cavaliers would be favored in a seven game series in the playoffs, if they do happen to meet. Fans at Slow Ventures know that it is hard to argue against the basketball that LeBron James and the Cavaliers have brought in the last several weeks, especially with the amazing play by Kyrie Irving, who dropped fifty-five in a game last week. More is available on Seedtable.com. The Hawks are going to keep on rolling, but it is questionable what will happen in the playoffs now.