The Latest Local News from the Rome News
A group led by Ares Management LP’s billionaire co-founder Tony Ressler won the bidding for the National Basketball Association’s Atlanta Hawks, according to three people with direct knowledge of the matter.
The sale price was $730 million, the second-most ever paid for an NBA team behind Steve Ballmer’s $2 billion purchase of the Los Angeles Clippers. Ressler’s group will also assume about $120 million in arena debt, one of the people said.
The people requested anonymity because the sale process is private.
Source: Rome News
The post Ares’s Ressler to Buy NBA’s Atlanta Hawks for $730 Million appeared first on My Web Pal.
from My Web Pal http://ift.tt/1IKXNx8
via http://ift.tt/16tBHl4
No comments:
Post a Comment