Bruce Levenson Making New Headlines After Selling The Hawks

Bruce Levenson sold the Atlanta Hawks back in the spring of 2015, a deal that went through at about $850 million, http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/. Levenson had owned the team since 2004 and together with Atlanta Spirit, LLC he had determined it was time for change on the team. Levenson also had served as the team’s representative on the league’s Board of Governors. Levenson also controlled the majority of shares in the NHL’s Atlanta Thrashers prior to their relocation to Winnipeg. Levenson is currently trying to work out a settlement in court against the team’s former insurance company, AIG due to a failure of theirs to pay a claim that was owed to former General Manager Danny Ferry.

Bruce Levenson was a key contributor to the Washington Star for several years before launching his own news company, United Communications Group (UCG). He had completed his bachelor’s degree and was currently attending American University law school when he and his friend Ed Peskowitz began publishing their own newsletter, “Oil Express.” This newsletter became widely popular and soon led to the founding of several other publications, and soon UCG had become a major source for technology and financial news. Bruce Levenson also was a founder of TechTarget, a digital research company and has served on the board of BIA Digital Partners, an investment firm.

Levenson helped start Hoop Dreams in Washington D.C., a youth basketball program that raised scholarships for young students. He also is involved with SEED Foundation, BBYO, Seeds of Peace and several other Jewish activist groups. He also called on Israeli Prime Minister Benjamin Netanyahu to explore peace options for Israel with former Secretary of State John Kerry at a summit not long ago. Levenson and his wife Karen also are founding members of the University of Maryland’s Center for Philanthropy and Non-Profit Leadership, and are supporters of the Holocaust Memorial Museum. Information on this article can be sourced from Wikipedia.