Saturday, October 29, 2011

Sources: Sale of Hawks in jeopardy

Oct 27, 2011 | by Marc Stein

The sale of the Atlanta Hawks to California developer and pizza chain owner Alex Meruelo is in jeopardy, according to sources close to the situation.

Sources told on Wednesday that there are concerns at the league level and within the Hawks' current ownership group, headed by Michael Gearon Jr. and Bruce Levenson, about whether Meruelo indeed has the sufficient funds to purchase a majority stake in the franchise and operate an NBA team.

The NBA on Wednesday declined comment when asked about Meruelo and the Hawks' situation.

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