Bruce Levenson is a successful businessman, and former co-owner of the Atlanta Hawks basketball team and co-owner of Philips Arena where they play. In 2014, he announced that he would be selling his share of the team as well as the rights to the stadium. He hired Goldman Sachs and Inner Circle Sports to sell his parts of the business. It was initially thought that the assets could be sold for at least $1 billion. At auction billionaire Tony Ressler won the auction for the team and the arena rights for $730 million. Bruce Levenson sold his ownership in the business. Several months later, his partners sold their shares as well.
Levenson is Co-Founder and partner at United Communications Group (UCG). UCG is a company whose business strategy is to acquire undervalued companies. He started his career as a writer for the Washington Star and Observer Publishing. He has served as a director on the board of the Newsletter and Electronic Publishers Association. At one time, he was President of the “I Have a Dream Foundation.” Levenson has been active with Community Foundation and Hoop Dreams Foundation.
He and his wife Karen started the Center for Philanthropy at the University of Maryland. In 2013, he along with 99 other prominent American Jews, wrote to Israeli Prime Minister Benjamin Netanyahu asking him to work with John Kerry towards peace in the region. Bruce and his wife Karen, live in Potomac, Md. They have three sons. For more info visit Levenson’s Wikipedia page.