Atlanta Hawks To Be Sold To California Businessman Alex Meruelo: Report

Just a couple of months after the Atlanta Spirit Group sold the Atlanta Thrashers to owners who moved the franchise to Winnipeg, it appears that they have also successfully found a buyer for the Atlanta HawksAccording to an Associated Press report, the buyer is California businessman Alex Meruelo, who is the operator of successful pizza chain La Pizza Loca.

In case you were wondering, the Hawks will not suffer the same fate as the Thrashers and get shipped out of town. Atlanta is a very important market to the NBA, and they're much more interested in improving the lackluster product than they are in moving to another locale. With a large population, lots of people with money, and now no major winter competitor for peoples' hard earned dollars, the Hawks have a lot of room for growth, which is probably what makes them such an attractive investment proposition for Meruelo.

For more on this developing story and the Atlanta Hawks, visit Peachtree Hoops and SB Nation Atlanta.

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