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Atlanta Hawks Sale Falls Through
Posted By HOOPSWORLD On November 4, 2011 @ 5:12 pm In All,Headlines,NBA Headlines | No Comments
Los Angeles businessman Alex Meruelo’s deal to buy the Atlanta Hawks is off.
The agreement between Meruelo and current Hawks owner Atlanta Spirit Group, signed in early August and contingent on NBA approval, was terminated by mutual agreement Friday, The Atlanta Journal-Constitution has learned.
The development came after the deal stalled in the NBA approval process over the past month, as previously reported by the AJC.
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