Bruce Levenson Earns Huge Profits On Sale Of Atlanta Hawks Ownership

It’s a successful year for the NBA Atlanta Hawks. They are on a whole new level. Their winning streaks in basketball, and amazing players, continue to grab the world spotlight. With many victories, and a new high valuation, the Atlanta Hawks are rising to new heights.

Businessman and team owner Bruce Levenson is the proud previous owner of the Atlanta Hawks. For 11 years he held the majority ownership of the Atlanta Hawks. During his time as owner of the Atlanta Hawks, he increased the public presence of the Atlanta Hawks to what it is today. He has always thought up creative ways to increase revenue and branding. With his favorite team the Atlanta Hawks, he has successfully brought them to new levels of fame and fortune.

Bruce Levenson deciding to sell his shares of the Atlanta Hawks is paying off big time. With a near double return on investment, Bruce is earning hundreds of millions of dollars. He originally bought into the Atlanta Hawks in 2004 and now has officially sold it off to Tony Ressler in 2015. This deal includes full control of the Philips Arena for purchaser Tony Ressler. The final price of this deal cost Tony Ressler a total of $730 Million. Bruce Levenson had a 50.1 percent stake in the Atlanta Hawks, giving him around $365 million from the sale of the popular team.

The Atlanta Hawks are contracting new lucrative television deals. These deals are continuing to benefit the Atlanta Hawks and its new leadership. The Atlanta Hawks currently are on a path to potentially win the NBA championship. These victories have the potential to skyrocket the growth of the Atlanta Hawks to even higher valuations. This is good news for all parties involved. The new ownership gets the benefit of automatic increases valuation, and the Atlanta Hawks gain a higher presence in the eyes of the public.

Investing in the NBA is becoming very lucrative these days. With the huge pay off to Bruce Levenson, and NBA valuations increasing, investments in the NBA are continuing to rise. It’s the new frontier for Billionaires. The return has proven profitable for all owners, and continues to pay great dividends.

The future of the NBA Atlanta Hawks is looking brighter than ever. With more people attending games, and a growing audience on TV, the NBA is set to skyrocket in valuation in the coming years. The benefits affect everyone. Owners are likely to continue seeing high returns on their investments, and the teams are likely to receive higher paying deals into the future.

FreedomPop Has Cell Phone Plans And International Calling Plans

If paying up to hundred dollars or more a month for cell phone service is not something a person wants to do, then they have choices. The person doesn’t have to sit and continue paying the ridiculously high prices that some of the other service providers are charging. With FreedomPop’s free services, a person can get completely free cell phone service on a smartphone or iPhone. Even the unlimited service can be used on the smartphones as well, and both services can save a person a lot of money. FreedomPop has created this service to fill the need of those who want low-cost cell phone service, especially if they don’t want to sign a contract. No contract is necessary with FreedomPop, and a person can cancel their plan at will.

Cell phone service is everywhere these days, but not every provider is fair in what they charge their customers. Some service providers will easily charge customers over $100 a month for a single line, and this can be extremely expensive. FreedomPop offers free cell phone service as well as low-cost, unlimited cell phone service. For only $20 a month, a person can get unlimited talk, text, and the Internet on their smartphone, and there’s no need to worry about additional bills. FreedomPop on fortune should be the only choice when it comes to cell phone service.

Many people have chosen FreedomPop as their service provider because of the fact that the prices are low, and the service is good as well. Those who have a cell phone with another carrier can possibly transfer it over to FreedomPop, so they don’t have to be concerned about paying for another phone altogether. FreedomPop has the latest cell phones available today, including Galaxies. Tablets are available as well, and the tablets are great for those who want to access the Internet on the go as well as having an alternate form of a laptop. FreedomPop has other services that can help those who want to save money, including Wi-Fi service, hotspots, and international calling plans.

FreedomPop has great international calling plans, and each person can use the cell phone service they have with FreedomPop, and they can still call internationally and save money. The FreedomPop international calling plan is included with regular service, so that means no additional plan is necessary unless a person is calling a country that’s not on the list of 50 free countries available on the calling plan. Other countries that are not included in the calling plan can be accessed for a low price when a separate calling plan is purchased from Freedompop. No matter which international calling plan is chosen, the user is guaranteed to save money.

A Brief Recap on the History of the Atlanta Hawks

The Atlanta Hawks Basketball team has had an impressive track record that has kept investors yearning to be part of its ownership. Bruce Levenson is one of the lucky investors who got the opportunity to become a major partner in the team’s ownership. Being an experienced investor, Bruce understood the benefits that were to come along as a result of this partnership. Sporting events are good investments and the returns are also very rewarding. It is even better when you are part of the winning team and Atlanta Hawks have the propensity to win at any given tournament. Bruce banked his investment decision on this fact.

Basketball in America is a very popular sport and there are numerous teams all over especially in North America. The Atlanta Hawks is one of the professional teams enlisted in the NBA. The team is has its home base in Atlanta forming part of the teams from the Southeast Division of the NBA League. The team’s roots can be traced from the early formation of the NBA league in 1946 although there has been numerous changes over the years. For instance, in 1951 the team changed its base to Milwaukee and then the name changed to Blackhawks. It was not until 1968 that the hawks moved to Atlanta 10 years after winning their first ever NBA championship title.

Having been based in Milwaukee, St. Louis, and Atlanta, the most successes that the team has had were achieved during their time in St. Louis. This is where they won their championship in 1958. However, the team has been on the move since its inception. Originally, the hawks’ history can be drawn from the Tri-Cities Blackhawks founded in 1946 as aforementioned. This team was a listed National Basketball League member. The NBL merged with the BBA, to form the current NBA.

After the merger, the Blackhawks showed a very poor performance finishing last in the league hence missing the playoffs. With such a poor performance, the team decided to move to Milwaukee and rebranded to Milwaukee Hawks. Here, the hawks did poorly once again and became the leagues weakest team and for a change, the team decided to move again to St. Louis, Missouri in 1955. The team’s redemption was achieved here as the hawks’ performance improved to the surprise of many. Their winning record was written at this point when they won their first division record by beating some of the greatest teams at that time.

For the next decade, the Hawks remained top of the league building a name in the NBA before relocating once again to Atlanta. Moving to Atlanta, the team won again their first title in the league and by this time investors were already looking forward to form part of its ownership. Ted Turner had already bought the team and had hired Coach Hubie Brown who was very instrumental in making the team’s performance improve. Under Browns leadership the team set a record win of 50-33, a better record than the 48-34 record they had set in the western division.

Floyd Mayweather Mocks Manny Pacquiao

Floyd Mayweather is the richest boxer of all time, and Reuters said that he has a perfect 48-0. In his last fight, Floyd Mayweather beat Manny Pacquiao in the biggest fight of all time. However, people around the world were very displeased with Mayweather’s performance. Nonetheless, Floyd Mayweather was paid $300 million dollars, and he was laughing all the way to the bank.

You would think that Floyd Mayweather would be quiet now. However, it seems that Mayweather is boasting now more than ever. Skysports recently uploaded a video that shows Floyd Mayweather making fun of Manny Pacquiao’s shoulder injury. Mayweather punches a fight dummy, and the boxer questions the objects shoulder pain. I’m not a big fan of Floyd Mayweather, but I will admit that Mayweather’s video made me laugh. Aside from beating Pacquiao, this year has been one of the best for Floyd Mayweather.

Just last week, Floyd Mayweather was honored at the BET awards, and he is now debating whether or not to buy a $5 million dollar supercar. Life must be nice for Floyd Mayweather, and I almost forgot to mention that Mayweather was named the richest athlete in the world by Forbes. In fact, Floyd Mayweather has made more money this year than any celebrity in the entertainment world.

The Atlanta Hawks Are Soaring

For almost a decade the Atlanta Hawks have lived in complete mediocrity. It was following their acquisition of Joe Johnson that things finally started to turn around. In 2002 Bruce Levenson acquired the team and by 2007, with the acquisition of Al Horford alongside Joe Johnson, the squad started to seriously turn things around. In 2014 we saw Atlanta win 60 games and make it to the Eastern Conference Finals for the first time in 50 years. Now Levenson has opted to sell his ownership in the team in order to move on to other ventures, leaving Atlanta in a rather precarious situation.

The No Superstar Build
The NBA is often built around the idea that superstars rule the league. If you don’t have a superstar, according to this theory, you cannot be a legitimate contender. Last season the Hawks won 60 games despite the fact that no player scored even 17ppg on the team. Paul Millsap led the squad with a 16.7ppg average. However Atlanta’s entire starting five averaged double figures with Dennis Schroder coming off the bench for an additional 10. The team rode their well rounded line up farther than anybody could have guessed and now, after making it to the ECF, fans are wondering if Atlanta can repeat.

The biggest question Hawk fans are asking, in the wake of Levenson’s departure, is how will Atlanta hold up for another year with high expectations. The Hawks historically haven’t held on to long term success and they’ve struggled at times to progress in a logical manner. Losing Demarre Carroll and Mike Scott this past offseason, one to free agency and the other to drug issues, is likely going to shake things up enough to cause issues. Not only is their line up going to be different but the rest of the squads around them have gotten much better.

Take, for instance, the Miami Heat. Last season Miami was a bottom feeder thanks to LeBron’s departure and injury issues to Chris Bosh and Dwyane Wade. This past offseason the Heat resigned Wade, resigned Goran Dragic, and acquired both Amare Stoudemire and Gerald Green. This team, if healthy, could seriously contend in the Southeast. Then look at Washington. Washington acquired Jared Dudley, Gary Neal, and Ramon Sessions to round out their bench. Another year of evolution for John Wall and Bradley Beal could have them poised for a huge jump.

No matter what Atlanta does in 2016 the path has been laid out for expectations. Fans want to see Atlanta as an annual contender and the city deserves it. Atlanta is a huge NBA market and when the Hawks are good so is business in the city, making this season more important than ever.

Tim Bradley Almost Got Knocked Out

Tim Bradley took on undefeated Jessie Vargas for the WBO welterweight title on Saturday and nearly lost the fight in the final minute. Bradley, who currently hold a record of 32-1-1, was in control of the fight most of the night and it looked like he would cruise to a unanimous decision win over Vargas when he was caught by a right hadn’t that hurt Bradley and almost knocked him to the ground. The fight continued as Bradley tried to clear the cobwebs out and then the referee, hears the 10 second bell, thought it was the end of the fight and ended the fight 10 seconds too soon.

In the end, Sam Tabar indicated that the judge’s scorecards were all in favor of Bradley but when the referee stopped the fight early, Vargas’s corner though he was stopping the fight because Bradley was out on his feet. The corner started celebrating the victory. Carl Moretti, V.P. of Bradley promoter Top, went into the ring to ask Russell what happened and he stated that he thought the fight was over when he heard the 10 second bell. The veteran referee was booed by the fans at the fight but Bradley stated that the right hand did hurt him but that he would have survived anther ten seconds. This is the fifth time Bradley has won a championship belt. He stated that he wants to be able to give each of his five children their own belt.

Amir Khan Open To Pacquiao Fight

Amir Khan is an extremely popular boxer, and he recently defeated Chris Algieri not too long ago. However, folks at Beneful say some people thought that Chris Algieri actually won the fight, but that is debatable. Amir Khan seems to believe that he deserves a Mayweather or Pacquiao matchup, but several boxing fans don’t share the same opinion.

Amir Khan has been chasing the Floyd Mayweather fight for so long, but Mayweather recently revealed that Amir Khan is not on his radar. However, Amir Khan is still very hopeful that he will get a chance to fight Floyd Mayweather in September, but I wouldn’t bet on it. Nonetheless, Amir Khan did reveal that he would be willing to fight Manny Pacquiao in Dubai.

Yahoo! Sports recently published an article with more information about Amir Khan’s future. Personally, I wouldn’t mind seeing Amir Khan fight Manny Pacquiao. Amir Khan and Pacquiao have a history together, and they were once sparring partners. However, they had a falling out, and Amir Khan spoke very negatively about Freddie Roach. Manny Pacquiao versus Amir Khan would create fireworks, and it would be a perfect comeback fight for Manny Pacquiao in 2016. Amir Khan is a decent fighter, but I don’t feel that he is on the level of Floyd Mayweather or Manny Pacqiao. Nonetheless, I do enjoy watching him fight in the ring, and I’ll definitely watch his next fight.

Hawks Found A New Home With Ressler

Bruce Levenson partnered with Ed Peskowitz to take on the role as co-founder when they created the United Communications Group (UGC). During the last 27 years, Levenson helped to sustain UCG’s strategic business plans which resulted in achieving outstanding results for the firm. Before founding UCG, he was a writer for the Washington Star and Observer Publishing and also served on the Board of Directors of the Newsletter and Electronic Publishers Association. Years later, Levinson gained ownership of the Atlanta Hawks and the NHL’s Atlanta Thrashers. He also acquired operating rights to Philips Arena, Gearon, and other partners for $250 million in 2004. The Thrashers eventually moved to Winnipeg.

Last September, Levenson announced his intention to sell its 50.1% share of the Hawks team as well as operating rights to Philips Arena. In line with this decision, they hired Goldman Sachs and Inner Circle Sports in October to look for interested groups during the sales process. Goldman Sachs predicted that the team’s franchise and arena’s operating rights could generate at least $1 billion.

The lengthy sales process took seven long months before a prospect for the next ownership of the Hawks finally emerged. According to several people who are familiar with the process, Hawks ownership group finalized the sale of the team to a group led by Antony Ressler. This equity and investment fund manager teamed up with former NBA All-Star Grant Hill, Rick Schnall, Jesse Itzler and his wife, Sara Blakely. This group was reported to have recently purchased the Hawks from Bruce Levenson, Michael Gearon Jr., and other partners for $850 million. The said sources were anonymous because they are not authorized to speak in public due to nondisclosure agreements signed by Hawks ownership and prospective buyers.

The auction ended with a $730 million bid by a group managed by AresManagement LP’s billionaire co-founder Tony Ressler. A year ago he also planned to acquire the Los Angeles Clippers but his group did not go up against the $2 billion offer made by Steve Ballmer. Ressler, who is also a real estate developer, was included among the three finalists in the Los Angeles Clippers sale during the last spring. The 55-year-old billionaire was part of the investment firm led by Mark Attanasio that purchased the Milwaukee Brewers in 2005.

Ressler mentioned in a statement that he is honored and thrilled to be the new stewards of the Hawks. He also added that he respects the process of approval by the NBA and that he is excited by the success of Hawks in the playoffs. Some deals from local and national TV promised to provide assistance in the financial situation of the franchise while the new owners will do their best to draw investment from Fortune 500 companies that will generate income. Hawks coach Mike Budenholzer and CEO Steve Koonin will work together with the new ownership group in reaching their long-term plans.

The Features of a Successful Entrepreneur are a lot like a Boxer…

The term entrepreneur means different things to different people. However, it can simply be defined as a person who creates a new business. 

Usually seen as a business frontrunner and innovator of fresh concepts and business processes, an entrepreneur undertakes the initiative of establishing a venture to take advantage of an opportunity, and decides what, how and what volume of a commodity will be produced. 
An entrepreneur not only supplies risk capital, as a risk taker, he also undertakes the monitoring and controlling of the business operations. He is usually a sole proprietor, a partner or the person with the majority stakes in an incorporated venture. 
Entrepreneurs play an integral role in any economic setup. They possess the skills and ingenuity required to take noble first-hand ideas to the market and make the right decisions that will drive the ideas to economic profitability. The potential profits will be the prize earned from the risks taken. 
One economist – Joseph Alois Schumpeter (1883 – 1950) – observed that entrepreneurs do not necessarily derive their motivation from profit, but rather regard it as standard for measuring success. According to Schumpeter, entrepreneurs bear the following features:
• They highly regard self-reliance
• Entrepreneurs strive for distinction through excellence
• They are highly optimistic
• They always favour challenges of moderate risk – neither too easy, nor disastrous
Generally, entrepreneurs need to have an in-depth understanding of their markets. In this regard, they identify the customer needs and tailor their products in line with market demands. It also essential, that they have viable ideas. 
Marc Sparks is a perfect example of a successful entrepreneur. He is also a venture capitalist and currently resides in Dallas, Texas. Popularly known as the entrepreneurs’ entrepreneur, he has successfully owned and run a chain of businesses.
Entrepreneur Marc Sparks is a renowned business expert who has helped over 60 start-ups rise to becoming huge business successes. He commands significant stakes in tech giants like Cardinal Telecom LLC, Blu Jay Wireless, and even Cobalt Real Estate Services LLC. 
As a Philanthropist, he has substantially invested in the Samaritan Inn – homeless shelter. He finds it highly satisfying to give back to the community. He has also built homes in conjunction with Habitat for Humanity. 

Joseph Bismark is a Pioneering Businessman

 

I read a recently published article on Joseph Bismark’s blog about a man I found quite interesting. I found that man to be a visionary business man who is pioneering a new way of doing business that no one has ever thought of trying. His new method is based on mixing spirituality and business so that a harmony between the two is formed. That man is himself, Joseph Bismark.

Bismark’s story begins when he was an adolescent. When he was young he cast away his life of luxuries and riches so that he could study as a monk in the Philippines. During his time spent studying as a monk Bismark learned much about spirituality and how it applies to all aspects of life. A major thing he learned while studying as a monk was that the values and ideology of spirituality could be combined with business. So upon completing his study Bismark applied what he had learned to the realm of business. Bismark’s profound way of doing business eventually earned him a great amount of success. Even though he had gained so much success he remained grounded. He continued to live a simple and humble life while doing his best to retain his humility.

Bismark openly shares many of the principles he lives by that helped gain him the success that he has. One such principle is to be completely open with your employees. Make sure that they feel that they can trust you and this will lead to better overall morale. Another principle is to have beneficial interactions with your team. The more a leader interacts with their team and gets to know them on a personal level the better a team will work together. Bismark also emphasizes the importance of being dynamic. It is no secret that the business world is constantly changing and Bismark advises against being stuck in your ways as this will surely not lead to success in the realm of business. These principles among the many others Bismark follows give me reason to believe that he is pioneering a new way of doing business.