Bruce Levenson and Atlanta Hawks Basketball & Entertainment (AHBE) have made some news recently in a court case regarding the team’s former insurance company. Levenson and AHBE sold the Atlanta Hawks back in 2015 to Forbes billionaire Tony Ressler’s group, but former General Manager Danny Ferry had attempted to file a complaint with AIG insurance which was subsequently rejected. AHBE decided to buyout Ferry’s contract and pursue legal action against AIG for failing to honor their policy. The case appears to be dragging out in court.
He graduated from Washington University with a bachelor’s degree in journalism and also attended law school at American University but never became an attorney. He first started as an editor for the Washington Star, a now defunct newspaper. But he soon began becoming interested in business and industry news, so in 1977 he and his friend Ed Peskowitz started their own publishing company in their own home. That company became United Communications Group (UCG), a company that originally started buying journals but has since evolved into a business startup and big data research company. They are also the founders of GasBuddy and the now independent TechTarget.
Levenson purchased the Atlanta Hawks back in 2004 and also bought the Atlanta Thrashers as part of the deal. He owned the Hawks for nearly 12 years. Levenson has also been invested in philanthropy in the Washington D.C. area. He’s been active in non-profit groups such as Hoop Dreams, Community Foundation of DC, and the “I Have a Dream” Foundation. He’s also given to the Holocaust Memorial Museum and started programs for young people to learn the importance of the event. http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html