Earlier in the summer, the Philadelphia 76ers were sold. Next up: the Hawks, who have been sold to the NBA’s first Hispanic owner…
The Atlanta Hawks and Philips Arena will be sold to California developer and pizza chain owner Alex Meruelo, but the NBA team will remain in Atlanta, a person familiar with the deal said Sunday.
The person spoke on condition of anonymity to The Associated Press because no official announcement has been made. The deal, subject to the approval of the NBA, is to be announced on Monday.
Meruelo confirmed the deal to The Atlanta Journal-Constitution, saying “I’m a person who doesn’t give up. I want to bring a championship to the city of Atlanta.”
Meruelo would become the first Hispanic owner of an NBA team, according to the Journal-Constitution.
Read more about the sale of the Atlanta franchise at ESPN.com.
