Bruce Levenson and Atlanta Hawks Basketball & Entertainment (AHBE), the former ownership group of the Atlanta Hawks sold the team in June of 2015. According to ESPN, the sale itself went through without too much difficulty, but Levenson and these former owners have found themselves in the middle of a dispute with AIG Insurance. They had a policy with this company that was supposed to cover incidents such as wrongful termination and other situations in the event of employment loss. AIG refused to honor a claim that former General Manager Danny Ferry filed under those circumstances, and Levenson and AHBE want relief in court for damages caused by AIG. The battle could drag on for a while.
Bruce Levenson founded United Communications Group (UCG) prior to purchasing the Atlanta Hawks, and this company became a worldwide leader in business and technology news. Levenson had started his career in journalism after graduating from Washington University and attending law school at American University. He and his friend Ed Peskowitz had been contributors to the Washington Star newspaper, but then became ambitious about starting up their own industry newsletter. In 1977 they founded UCG in their own apartment and began successfully distributing publications. The company soon became a major technological research hub and TechTarget was founded under its roof. Levenson also helped start private equity firm BIA Digital Partners. In 2004, Levenson and Peskowitz formed Atlanta Spirit, LLC and acquired the Atlanta Hawks along with Turner Arena, and also owned the NHL’s Atlanta Thrashers for several years.
Levenson is a founding member and trustee of the University of Maryland’s Center for Philanthropy and Non-Profit Leadership, a wing of the school aimed at encouraging generosity and helping local communities. He also is a contributor to the Holocaust Memorial Museum, a place that hits close to home due to his Jewish heritage, and his mother-in-law is a survivor of the event. Levenson is also an active member of several Jewish non-profit organizations including SEED Foundation, BBYO and Birthright Israel.