John Kincade, co-host of the Buck and Kincade Show on the flagship station of the Thrashers 680 The Fan, has finally let the cat out of the bag. The person he has been telling us about who is interested in buying the Thrashers, NBA Hawks and Philips Arena…the person he has referred to as “The Balkan” is non other than Detroit venture capitalist J.B. Smith. Smith is formerly of Equity11, “an independent, private equity firm focused on investment of growth capital and business expertise into scaleable business models” per their website.
Kincade broke this via his twitter account saying, “J.B. Smith has been attempting to put together a deal to purchase the Thrashers, Hawks and Philips Arena since early March” and “J.B. Smith will now get the full ‘media treatment’ and will make his desire to own all 3 entities public knowledge”.
I spoke with Kincade earlier today and asked him about his involvement with J.B. Smith and getting him together with the Atlanta Spirit, LLC
“I was asked to introduce J.B. Smith to the AS, LLC”, he replied. “When I did so, I then got out of the way”.
Kincade also told me that he is only interested in seeing that the Thrashers remain in Atlanta and simply wanted to do whatever he could to make sure that happens.
“I’m not a reporter, but I wanted to get the parties together”.
Last winter Smith was interested in investing in the Pittsburgh Steelers of the NFL.
Stick with the AJC, I’m sure there will be a lot more to this story coming from beat writer Chris Vivlamore.