Bruce Levenson: An All-American Business Owner

spcblog, 21 February 2017, No comments
Categories: Businessman

Bruce Levenson is a philanthropist, an all-American business owner and former basketball team owner. He is popular for being the co-owner of the Atlanta Hawks also known as the Atlanta Spirit LLC.Levenson was born in Washington D.C. and grew up in a Jewish family. During his years of youth he attended the Washington University in St. Louis and eventually graduated with a law degree.This was not his only passion though, as a determined individual, he also took up a journalism career during the day at Washington Star.

In 1977, Bruce Levenson co-founded the United Communications Group with Ed Peskowitz. They originally started this company in the comfort of Levinson’s home, publishing newsletters that focused on the different developments in the oil industry. UCG is a privately owned entity that specializes in news, data, energy, technology, healthcare, and other different topics.

Bruce has served on the NBA board since 2004 and was one of the founding board members for Tech Target. In 2004, the Atlanta Hawks LLC was formed to buy out the Atlanta Hawks from Turner Broadcasting. Levenson and Ed Peskowitz are two businessmen who partnered together to take ownership of the Atlanta Hawks basketball team. See, http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/.

Levenson hired Danny Ferry in 2012 as the president of operations and general manager for the team. Ferry was known for his experience with the Cleveland Cavaliers and San Antonio Spurs before Levenson hired him.

Recently, a lawsuit has been filed against the New Hampshire Insurance Company for breach of contract involving Ferry.

The lawsuit is a civil action claim relating to employment practices. The claim states that the insurance company acted on bad faith. On September the 13th, it was filed in the Superior Court of Fulton County, and in June of 2015, Ferry and Hawks ownership reached an undisclosed buyout agreement which ended the civil action claims as well as a lengthy relationship that started in 2012.

Information on this article can be sourced from brucelevenson.com and wikipedia.org.

 

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