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Price tag in Hawks sale reportedly $300 million for 80%

Aug 8, 2011, 5:26 PM EDT

Image (1) hawks_logo-thumb-250x134-11979-thumb-250x134-11981.gif for post 4050

How much would you pay for the Atlanta Hawks? Wait, don’t answer yet, we’ll throw in a ShamWow for free…

The answer if you are Alex Meruelo is more than $300 million for 75 to 80 percent of the team, reports David Aldridge at NBA.com. That price includes Phillips Arena where the Hawks play. He also took on all debt, which includes $123 million in bonds for the arena.

We could say it, but we’ll let Timberwolves forward Anthony Tolliver do it for us, via twitter:

Why do people keep lining up to buy #NBA franchises (ATL), if they are losing so much money? #hmmm things CONTINUE not to add up. #NBPA

You can bet Meruelo spoke with David Stern and you can bet Stern promised him a better financial situation in the future. But if the NBA were such a broken financial model you would not see six teams sold at top dollar in the last 18 months?

  1. goforthanddie - Aug 8, 2011 at 3:26 PM

    That seems kinda cheap, considering it includes the arena.

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