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.