Bruce Levenson may have stepped down unexpectedly in 2015 from the Atlanta Hawks’ owners box, but he’s put the team in good hands with the sale to Tony Ressler’s group. According to ESPN, some have said that Levenson even oversold the Hawks for greater than their actual market worth at the time, but being an entrepreneur and an established dealmaker has allowed Levenson to drive the profits very high when running a business. Levenson had become the Atlanta Hawks’ owner in 2004 when he and his business partner Ed Peskowitz had purchased the majority of their shares and formed Atlanta Spirit, LLC.
Bruce Levenson was born in Washington D.C. and received his formal education at Washington University in St. Louis, MO and later his J.D. at American University’s law school. Despite having a J.D., Levenson never actually practiced law because journalism became his primary interest. Levenson started a publishing company along with Peskowitz right in his own apartment, and soon they found a demand growing for more researched journals from business clients. So they took the profits and developed a major publications business that became known as United Communications Group (UCG). UCG publishes information about government regulations, energy and oil prices, healthcare and mortgage banking. They also own several prominent apps including GasBuddy.
Levenson is a trustee at the Holocaust Memorial Museum. His mother-in-law is a survivor of the event and Levenson has helped start the museum’s “Bringing the Lessons Home” program to teach young people about the importance of the event and making sure it doesn’t happen again. Levenson also took the Atlanta Hawks team to the museum once to hear his mother-in-law’s story. Levenson has also given back to Washington D.C. through supporting and sitting on the boards of several community scholarship organizations. Levenson and the Anti-Defamation League also orchestrated the Concert Against Hate a couple years ago.