Bruce Levenson brings his business skills to NBA Sale

The sale of the Atlanta Haws NBA franchise is the latest in a long line of business successes Bruce Levenson, the public face of the Atlanta Spirit consortium that recently sold the franchise for a reported $850 million. Despite the Hawks enjoying one of their most successful seasons, Levenson and his fellow investors decided the time was right to sell the franchise for a vast profit on their initial $250 million purchase of the Hawks and NHL Thrashers franchise. The Thrashers were sold in 2011 for around $170 million and relocated to leave Levenson and his fellow investors with the Hawks franchise, which entered the playoffs for the 2014-15 season as the top seeded team in the nation. Levenson is no stranger to business success and has spent the majority of his career proving how successful he can be in a series of business and philanthropic enterprises. The business interests of Levenson are headed by the United Communications Group, UCG as it is now commonly known. The company began in a store room in Washington DC when Levenson was working as a journalist for the Washington Star and soon developed into the top supplier of news and statistics for the oil and gas industries. Over recent years UCG has diversified into different areas and now uses the latest technology to supply real time analytics to industries around the world. The growth of Levenson’s many businesses has seen the latest technology be used to create a series of business opportunities that have been developed from the technologies and skills created by UCG. The popular GasBuddy app uses the data and real time analytics UCG developed to provide consumers with the chance to locate the lowest gas prices in their area. Bruce Levenson has not simply rested on his laurels as a successful businessperson, instead he has used his growing wealth and status to complete a series of philanthropic programs. Amongst the most impressive is his commitment to the Center for Philanthropy and Non Profit Leadership at the University of Maryland. This school is developing the skills of the next generation of leaders in the not for profit sector, who have already begun to make an impact in the lives of people in the Maryland and Washington DC areas and around the world.

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