Power Breakfast: Owners negotiating sale of Atlanta Hawks, state budget, AGCO, WellStar, IMF, oil breaks

The Thrashers aren’t the only team that the Atlanta Spirit ownership group is discussing selling, AJC reporter Tim Tucker writes.

The Spirit, in the process of negotiating a deal that would send the hockey team to Winnipeg, also is in talks about a possible separate sale of the basketball Hawks, who would remain in Atlanta, Tucker reports.

Two people familiar with the situation, both of whom asked not to be identified because of the ongoing talks, told Tucker that the Spirit and outgoing San Diego Padres owner John Moores are in an exclusive negotiating period regarding the Hawks and the Philips Arena operating rights. Both people said a deal is not close and that it’s far from assured one will get done, Tucker writes.

The exclusive negotiating period means the owners agreed not to pursue the sale of the Hawks to any other prospective purchaser for a prescribed period of time, Tucker reports. It is not known when Moores’ exclusivity expires.

Meanwhile, negotiations continued on a possible sale of the Thrashers to True North Sports and Entertainment, a Canadian group that would relocate the team to Winnipeg, Tucker writes. True North does not have an exclusivity agreement, meaning the Spirit remains free to entertain offers to keep the Thrashers in Atlanta. As of late Tuesday afternoon, Thrashers president Don Waddell said no such offers had been received.

Also in the AJC:

In other media:

- Henry Unger, The Biz Beat

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One comment Add your comment

gone now

May 23rd, 2011
6:59 am

hopefully, these morons who own and run the hawks and thrashers sell both teams to someone who knows how to hire smart people. Both teams are an embarrassment.