Category Archives: NBA Team Owner

Why Bruce Levenson is a motivation to many

Bruce Levenson is an American entrepreneur, former Atlanta Hawks owner, and philanthropist. He is the co-founder of the United Communications Group (UGC) that he collaborated with Ed Peskowitz started in 1977. The Company was initially in Bruce’s apartment where they published newsletters that mainly focused on the oil industry on time.com. Bruce is also a member of the Board of Directors of TechTarget, a Media Company in the Information Technology sector.

Bruce was born in October 1949 in Washington, D.C. He was raised in Chevy Chase, Maryland. He studied at Washington University and attended American University where he attained a law degree. His career in NBA began in 2004 when Atlanta Hawks LLC was formed. They then bought Atlanta Hawks from Turner Broadcasting. Atlanta Hawks LLC became a collection of executives who owned Atlanta Hawks team and the Philips Arena. Levenson was made the team-managing partner and member of NBA Board of Governors.

Philanthropist
Bruce is an active contributor to various charity organizations. Examples of philanthropic organizations he has participated in include the Community Foundation of Washington, Hoop Dreams Foundation, and I Have a Dream Foundation.

He is also a donor to the U.S. Holocaust Museum. The museum offers a program to city students that train them on how to be tour guides at the museum. Levenson has made great contributions to the SEED Foundation and Seeds of Peace, which is a youth organization that advocates for peace building.

Coming from a Jewish family, Bruce also supports Jewish based initiatives and organizations. They include Birthright Israel which is a Jewish Federation, the Jewish Youth Philanthropy Institute, and a Jewish-American youth movement called BBYO.

In 2010, Bruce and Karen Levenson supervised the development of the Center for Philanthropy and Nonprofit Leadership AT the University of Maryland. Levenson’s contribution to help others is far more inspiring than all his other works.

Atlanta Hawks
This professional basketball team participates in the National Basketball Association (NBA). It is based in Atlanta, Georgia where it was founded in 1946. It was originally called Tri-Cities Black Hawks and later Milwaukee Hawks. In 1955, the name was changed to St. Louis Hawks and now Atlanta Hawks. The team colors are Torch Red, Volt Green, granite Gray and white. The team represents the Southeast Division on the Eastern Conference. All their home games are played at the Philips Arena.

Bruce Levenson hired bankers to sell the Atlanta Hawks team and Philips Arena operating rights. Antony Ressler a well-known entrepreneur agreed to buy the basketball team for approximately $850 million. Ressler is currently the owner of the basketball team with Wes Wilcox as the general manager and Mike Budenholzer, the head coach.