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Hawks Won’t Be Sold to Meruelo as NBA Team Is Taken Off Market

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Nov. 4 (Bloomberg) -- The Atlanta Hawks won’t be sold to Alex Meruelo, who in August was announced as the leader of a group buying the National Basketball Association team.

The Hawks in a statement from majority owner Bruce Levenson said the club is no longer for sale.

Meruelo would have been the first Hispanic principal owner of an NBA team.

To contact the reporter responsible for this story: Scott Soshnick in New York at ssoshnick@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net

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