Bruce Levenson was the owner of the NBA’s Atlanta Hawks from 2004 until 2015 when he decided to sell the team along with his partners at Atlanta Hawks Basketball & Entertainment (AHBE). According to Forbes.com, the sale was finalized as planned, but now Levenson and AHBE want payments from their former insurance company, AHBE for losses relating to the contract buyout of former team GM Danny Ferry. Levenson and AHBE say that buying out the GM’s contract was covered under losses in the team’s insurance policy, and they also say they met the requirements that were needed to file a claim for these losses according to AJC. But so far the insurance company has refused to pay compensation to AHBE or Ferry, and Levenson and AHBE are now taking them to court in what looks to be a contentious battle.
Bruce Levenson not only owned the Atlanta Hawks for 12 years, he also is the founder of several companies, most notably Unified Communications Group (UCG). He got his degree from American University and served at the now defunct Washington Star for a few years. Then he and Ed Peskowitz decided to start their own publication company, and it began with an oil industry newsletter called Oil Express. It grew from there into a major conglomerate after UCG started up more newsletters covering industries from healthcare to mortgage banks. Levenson also served on the board of BIA Digital Partners.
Levenson also has donated a lot to charities, and even sat on the board of several foundations including Hoop Dreams and the I Have a Dream Foundation. Levenson is a contributor to the Washington D.C. Holocaust Memorial Museum and helped pilot the “Bringing the Lessons Home” program there. He also helped start the Center for Philanthropy and Non-Profit Leadership at the University of Maryland, https://www.benzinga.com/news/17/03/9165680/university-of-marylands-non-profit-initiative-is-changing-higher-education, and also helped launch the Concert Against Hate just a year ago.