When Bruce Levenson was looking to sell the Atlanta Hawks, he negotiated a deal with a group that was run by Anthony Ressler. The people that are included in this group are Jesse Itzler and Grant Hill, who is a former NBA player. They have proposed to pay $850 million for the team. The only thing that would stop the sell is the disapproval of the NBA. However, an agreement was later announced about the deal. http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/
Ressler has expressed an excitement and satisfaction of being the new owners and giving the hawks his blessing for the playoffs. The sale price was given a lot of praise by Irwin Raij who is a sports attorney working under Foley & Lardner who calls it a strong price for the market. This indicates that the team has a strong value in the NBA due to the price. He also remarks on the deals of the local media as well as the increasing amount of value assessments for NBA teams. Raij states that the price of the team will be viewed as a positive for the team.
According to ESPN, the former owners of the Hawks were also owners of the Atlanta Thrashers of the NHL and they had the right to operate the Philips Arena which they bought in 2004 for $ 250 million. When they sold the Thrashers, they were paid $170 million back in 2011.
Levenson’s decision to sell the team came after racially charged e-mails that were composed by Levenson and published after some comments were made on the basis of race by the general manager of the Hawks which occurred during some of the discussions. As of now, the Atlanta Hawks are under new ownership and they are getting ready to play for the new group which NBA player Grant Hill as he joins Ressler’s group.
To read more, go to brucelevenson.com.
There are some people who always seem to be ahead of the game. Eric Lefkofsky has done a great job of taking things to the next level in a variety of ways in his life. When he was in business, a lot of people looked up to the success that he has in a short period of time. Over the long term, a lot of people want to try out what he can do in their life. He has a large social media presence, and many people today read everything that they can about what he writes. With all of the new change in the market today, Eric Lefkofsky is ready to take things to the next level.
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Ever since at an early age Don Ressler has illustrated ingenuity and brilliance in the e-commerce and performance advertising sector through the many successful start-ups he has left behind. His first entrepreneurial discovery was FitnessHeaven.com which bought in 2001 by Intermix Media. It was while working for Intermix Media that Don Ressler met and teamed up with an equally brilliant 19-year old Adam Goldberg. Adam at the time, at his tender age, was the Chief Operating Officer of Intermix Media.
Together with Adam Goldberg, Don Ressler went ahead to form Alena Media, a performance advertising division for Intermix Media. The company was a hit as it became the center of profit for Intermix Media by generating hundreds of millions in capital for the company. Nevertheless, Don and Adam’s success at Intermix was short-lived as the company was unfortunately acquired in 2005 by News Corp. Don was forced to seek other ventures and together with Adam they decided to explore more brilliant opportunities.
Having gained profound experience in the performance advertising industry both Don and Adam came together to build a brand building enterprise that could run effortlessly. Together with a team from Intermix Media, Don and Ressler held a brainstorming session that led to the creation of Intelligent Beauty. Under this enterprise, they came about establishing the first company which they called DERMSTORE. This was set as an online marketplace for cosmetics and skincare products. With a crave for even bigger success, two years later the duo launched their second online company under their brand building enterprise called SENSA, an online weight loss system.
Both SENSA and DERMSTORE have proved to be worthy ventures, despite Intelligent Media not releasing a financial report, as they were able to gain $43 million in investment from Technology Crossover Ventures. Nevertheless, Mr. Don Ressler was bound for even greater success as together with Adam they came up with an even bigger achievement which is JustFab. Formed as an online subscription fashion retailer, the company was launched in 2011 and was able to receive $33 million in funding. The company has also received a lot of approval with the public since as of April 2012; the company had already hit the six million member mark, which was a great improvement from the 4 million member mark of December 2011.
Over the years JustFab has continued to establish itself in the e-commerce market by offering the latest in fashion and quality service. Don Ressler, on the other hand, continues to demonstrate brilliance in the entrepreneurial world through innovative and bright ideas. See: https://en.wikipedia.org/wiki/JustFab