Atlanta Hawks: Snag in ASG sale to Meruelo
The AJC’s Tim Tucker reports that ASG’’s sale of the Hawks to Alex Meruelo has hit a”’significant snag” and it’s not clear if the transaction will be completed.
According to ESPN.com’s Marc Stein, the league and ASG are not convinced Meruelo has the cash for the purchase. Meruelo agreed to pay about $300 million for an 80-percent stake in the Hawks and the operating rights to Philips Arena.
Meruelo, in a statement to Tucker, said he still intends to purchase the Hawks and has the money to do so: “I have more than ample resources to purchase and operate the Hawks in a first class manner. I am committed to the purchase of the Atlanta Hawks. While I can’t comment on the details of the approval process, I have [done] and will do everything I can to bring the process to a positive conclusion.”
Meruelo’s purchase of the team was announced on Aug. 7 and is subject to league approval. The NBA last week approved a sale of the 76ers but did not act on the pending Hawks sale.
Michael Cunningham, Hawks beat
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68 comments Add your comment
Buddy Grizzard
October 28th, 2011
4:25 am
G dad you see my links! Zaza is seriously injured! LeBron is trying to recruit Jamal Crawford for the Heat! THERE’S HAWKS NEWS PEOPLE!!
EmirS.
October 28th, 2011
5:09 am
Yea wow awesome,
Lets us fantasize about northcyde running the team. Scary thing is he seems serious about it if he actually gets the chance. It’s not the same as Fantasy Basketball, or atleast that’s what I heard.
Wheres your résumé sir?
Oh and this to,
Why Diddy? Why not Luda?
Grandad
October 28th, 2011
7:32 am
Buddy Grizzard
Yes;
I sure did Buddy,
and I saw where my boy Tibor Pleiss had 20 & 9 in 23 min.
[He's the young 7 ftr. we sold / gave away for $3 mil to OKC]
Two or three years from now – Sund will be gone …
and folks on this blog will be goin’;
“didn’t we draft that guy”? [Pleiss]
If northcyde were GM / owner of the Hawks;
I’d move to Vancouver.
“Just raggin’ on you a bit nc”
Now see hasn’t this been fun ?
Keep in touch BG.
Paddy
October 28th, 2011
8:00 am
Bad coverage during the lockout????? If few people care about the NBA now, how does giving coverage to a lockout that nobody cares about make sense? If it does not sell papers you are not going to read about it. The NBA is a lost cause right now as a popular fan spot. And to be not undersold, the ASG still owns the team. Not a good pair to draw to!!!!!!!!!!!!!!!!
nba
October 28th, 2011
8:26 am
He is dragging his feet on purpose. Why by them now with no money coming in?
drmaryb.(*_*).
October 28th, 2011
8:53 am
Counter Move!
I am vehemently compelled to agree with my Grand-Daddy on this one. I noticed and posted when the shenanigans began, (ala Davenpoop said) that there appeared to be a blog counter set to shut it down like Congress after so many comments.
MC just confirmed my theory when he said, “the blog is set to automatically stop accepting comments after a set time ” – to darrell starks.
__________________
Here is my point: If the blog is set to “Out-Right” shut down automatically after such set time? Then the counter move is to, yes fellas you guessed it – then “Out – Write It!”
____________
Check Mate!
dap01
October 28th, 2011
9:24 am
The coverage for this team has been weak. I will still like MC when everything cranks back up but the level of coverage is not even close to DOB and the Braves.
Hortford is the 3rd best center on paper but not in reality.
Najeh Davenpoop
October 28th, 2011
9:55 am
Northcyde I am fine with you being the GM but please don’t hire an iso-Joe coach.
lameazz h ell
October 28th, 2011
10:34 am
man, y’all are griping about mc not covering basketball? he throws out a nugget about the sale of the hawks hitting a snag and y’all are b!tching about when the blog counter goes down?
GTFOHWTS!!
An Idea
October 28th, 2011
11:11 am
How about Larry Hughes?
He is a 14 ppg career player and there’s no way he’s a worse defender than Jamal. He won’t cost anything.
Mike Dunleavy also. Can we steal him for 3M/year?
dap01
October 28th, 2011
11:33 am
Keith Benson has been waved by an Italian team. That does not bode well.
northcyde
October 28th, 2011
11:56 am
Najeh . . . I’m going to do what Sund should’ve done, and bring in Avery Johnson as head coach, and Bruce Pearl as his top assistant. We need a distinct well-known face to this franchise.
northcyde
October 28th, 2011
12:00 pm
@ an idea . . . . . since these franchises are losing money so much, a franchise must also be in tune to who their market may respond to.
Having said that, I’m not bringing in Larry Hughes . . . I’m bringing in Allen Iverson. He’ll be the 4th guard on the team or 3rd string PG behind Teague and Hinrich. From a marketing standpoint, AI still has appeal in Atlanta ( seeing that he has a home there ).
The casual fan in ATL that loves to gawk at stars ( even a past star like Iverson ) may be compelled to come out to a Hawks game to see AI play for 10 – 15 minutes a night.
Section 303
October 28th, 2011
12:17 pm
I am in a really good mood. Leaving for the Michigan St/Nebraska game tonight, my iphone 4s arrived today, and the NBA Lockout is coming to an end. Sweet!
northcyde, you making a trade involving Josh Smith when you take over as GM? If so, I have some ideas who to go after.
KevinM
October 28th, 2011
2:58 pm
AIverson here means another Detroit rerun….so he’s been humbled with Turkey huh? Keep him out of that locker room.
Horford the 3rd best center? Theres a huge gap between 1 & 3 then….
Najeh, Al or Josh to be traded? You’re preaching to the choir on this blog.
MC, the only way to defend yourself is to get the info out instead of others doing it here….do we really need an opinion from Bradley or Schultz?
Can we now acknowledge that Benson is not going to help much? Did anyone read that article where JC2 thinks he can be as good as MJ?
Lamarcus Aldridge is recruiting JC1 also…..I don’t see him returning.
I sure hope Marvin has been working out? Haha
KevinM
October 28th, 2011
3:00 pm
Isn’t Bruce Pearl unproven at this level? Why would anyone hire he or Kelvin Sampson or Jim Harrick?
Buddy Grizzard
October 28th, 2011
6:34 pm
“Horford is the 3rd best center on paper but not in reality.”
List your top 5… GO!
“He throws out a nugget about the sale of the hawks…”
Reported by Tim Tucker, not MC, and he got it from ESPN. Nobody at AJC covering the NBA, just picking up mandatory stories from other sources.
KevinM JC2 got a long way to go on defense, and it would help if he shot more efficiently than ADAM MORRISON. Of course MJ drafted ADAM MORRISON so his Airness might think JC2 has a shot.
Karma
October 29th, 2011
9:29 am
Nothing warms the hearts of pi$$ed off Thrasher fans than viewing the calendar for Philips Arena bookings and events. Yeah, who would ever want hockey on those cold empty nights in the arena???
Suck on that ASG……