The potential sale of the Atlanta Hawks to an unknown bidder is moving forward quickly, report Chris Vivlamore and Tim Tucker of the Atlanta Journal-Constitution (via Pro Basketball Talk). News broke in June that the Atlanta Spirit group had found a potential buyer for the club, but the identity of the bidder has remained a secret, improbable as that may seem.
The Atlanta Spirit group recently sold the NHL's Thrashers to a Winnipeg-based group; the NHL quickly approved relocation out of Atlanta. The Hawks won't be moved, though: Atlanta is too important a market for the NBA, despite lousy crowds at Phillips Arena over the years.
While a purchase price remains to be seen, that plenty of millionaires are willing to buy into the NBA as the league argues it is unprofitable is a bit amazing, and adds another layer of complexity to lockout negotiations. The Philadelphia 76ers are currently being sold to a billionaire investor, and a number of teams have changed hands in the past two years.