Bruce Levenson Has A Great Legacy As NBA Owner And Businessman

Bruce Levenson is still wrapping up the time he’s spent as Atlanta Hawks owner down in a Fulton County court, where he and Atlanta Hawks Basketball & Entertainment are bringing a lawsuit against their former insurance company. Levenson and AHBE owned the Hawks from 2004 to 2015, until they sold the team to Tony Ressler and company for quite a profit, reveals forbes.com. Along with that sale, Levenson and AHBE had opted to buyout former general manager Danny Ferry’s contract. That move was supposed to allow Levenson and AHBE to file a claim with their insurance company, AIG that would cover the loss in this case. But so far AIG is refusing to accept the claim, and Levenson and AHBE are taking them to court to sue for damages.

Bruce Levenson also founded a major media corporation, Unified Communications Group. He had gotten his degree in journalism from Washington University, and while he was attending law school he worked for the now defunct Washington Star. He and his friend started their own newsletter, Oil Express in 1977 which was the beginning of UCG, and the company soon acquired many other newsletters. It grew into a major publication business featuring energy, healthcare, mortgage banking and technology newsletters, and today UCG also owns GasBuddy and TechTarget.

Levenson is also a philanthropist who has helped Hoop Dreams and the “I Have a Dream” Foundation host events that have funded scholarships. He also has supported the Holocaust Memorial Museum, a tribute to his Jewish heritage and has sponsored the “Bringing the Lessons Home” program where young people learn even more about the event. Levenson also supports foundations such as Seeds of Peace, BBYO and Birthright Israel. According to Benzinga, he also helped establish the University of Maryland’s Center for Philanthropy and Non-Profit Leadership to encourage young people to start their own foundations.

https://www.nsf.gov/staff/staff_bio.jsp?lan=blevenso

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