The Atlanta Hawks were recently sold to Tony Ressler for a total that exceeded where many Forbes experts believed the team was valued at. The man behind the sale, Bruce Levenson owned the team from 2004 to 2015. In the aftermath of this sale, Levenson and Atlanta Hawks Basketball & Entertainment (AHBE) became involved in a legal battle with their former insurance company, AIG. Levenson and AHBE had tried to file a claim with the company on behalf of General Manager Danny Ferry whose contract was being bought out as a result of the sale, and AIG refused to pay any parties as a result of the claim filed. AHBE and Levenson are looking to sue for damages and court costs as a result.
Bruce Levenson is the co-founder and former CEO of United Communications Group (UCG), a newsletter resource company that covers trends in the energy, healthcare, technology and financial sectors. Levenson has a degree from Washington University, spent time as a contributor to the Washington Star, and founded UCG along with Ed Peskowitz in 1977. UCG started out with the publishing of the Oil Express newsletter, and evolved to become the developers of GasBuddy, a gas price mobile app. Levenson also sits on the board of TechTarget, a market research company on technology products that spun out of UCG.
Levenson also has been a part of several philanthropies such as Hoop Dreams Foundation, a fundraising program for scholarships for inner city children. He also is a major contributor to the Holocaust Memorial Museum where he helped start “Bringing the Lessons Home” for young people to become museum tour guides. Levenson supports many Jewish political activist groups including SEED Foundation, BBYO, and Seeds of Peace. He also helped the Anti-Defamation League host Concert Against Hate to combat intolerance and bigotry.