Re: Atlanta Hawks being sold, team not being moved
They should relocate.
Atlanta fans are absolutely horrible.
I remember when Knicks played against the Hawks in Atlanta,there were more Knicks than Hawks fans :lol
Move the team to a city with real fans.
Re: Atlanta Hawks being sold, team not being moved
Atlanta is a large market. The NBA is not pulling a team from ANY top 10 market. To top it off it's possibly the largest African American city in the US.
Re: Atlanta Hawks being sold, team not being moved
Add a couple shooters and someone who can handle the ball at 3, and some better execution, and the Hawks can get by Chicago or Miami next year.
Re: Atlanta Hawks being sold, team not being moved
This just makes the NBA owners look more like a joke. Hawks ownership gives one of the worst off-season deals in the league, then turns around and sells the team, showing that it's the owners digging their own graves. Then they sell the team, without problem, showing that there are plenty of other people looking to purchase NBA teams (even in a lockout).
Re: Atlanta Hawks being sold, team not being moved
[QUOTE=CLTHornets4eva]Atlanta is a large market. The NBA is not pulling a team from ANY top 10 market. To top it off it's possibly the largest African American city in the US.[/QUOTE]
I don't know how their TV ratings are, but for a large market team, their arena sure looked empty on most nights. Either that large African American population doesn't care about the Hawks, or they just can't afford to attend games. A fan isn't worth much if they have no purchasing power.
Re: Atlanta Hawks being sold, team not being moved
[QUOTE=bdreason]This just makes the NBA owners look more like a joke. Hawks ownership gives one of the worst off-season deals in the league, then turns around and sells the team, showing that it's the owners digging their own graves. Then they sell the team, without problem, showing that there are plenty of other people looking to purchase NBA teams (even in a lockout).[/QUOTE]
The question here is ow much did they pay for it, and then how much did they sell it for? Or at least, how much did they sell their equity in it for? Adjust numbers for inflation, how much they spent on improving the team, how much they earned back in revenue, and we get some real numbers to base on whether or not owning a bad franchise is worth it.
Re: Atlanta Hawks being sold, team not being moved
[QUOTE=Real Men Wear Green]The question here is ow much did they pay for it, and then how much did they sell it for? Or at least, how much did they sell their equity in it for? Adjust numbers for inflation, how much they spent on improving the team, how much they earned back in revenue, and we get some real numbers to base on whether or not owning a bad franchise is worth it.[/QUOTE]
My Warriors, the losingest NBA franchise of the past 20 years, just sold for a HUGE profit, with a line of interested buyers out the door. The Atlanta Hawks, a team that plays to half empty arenas every night, just sold the franchise in a heartbeat. I don't really care how much these guys are making or losing on the sale of the franchise (although all signs point to large profits). The fact that there are willing and able buyers for marginal and terrible teams shows that these franchises have serious value, and are viewed by investors as either profitable, or at the worst, a marginal investment risk.
I can't even imagine the value of these franchises if they had GUARANTEED profits like the owners are pushing for. There are already people lining up to buy the teams. The value of a team with GUARANTEED profitability would probably double over night.
Re: Atlanta Hawks being sold, team not being moved
And recent teams [I]we know[/I] pulled large profits on the resale of the franchise include the Nets, Pistons, and Warriors.
Re: Atlanta Hawks being sold, team not being moved
The Hawks also wrote a brief open letter to their fans:
[url]http://www.insidehoops.com/blog/?p=8139[/url]
Re: Atlanta Hawks being sold, team not being moved
Most of the people in Atlanta aren't even from Atlanta, hence why a lot of them choose to root for the road team.
Re: Atlanta Hawks being sold, team not being moved
An out-of-state owner (with no connections to the city of the team he just bought) claims he is dedicated to make that team a winner, even though there is an open arena in his home state.
This is the same bullsh!t Seattle was feeded by Clay Bennett. This is David Stern's NBA. Don't believe it for one second, Atlanta.
Re: Atlanta Hawks being sold, team not being moved
Where have I heard this before?
Re: Atlanta Hawks being sold, team not being moved
Hawks about to be sold to a California maggot.