Bruce Levenson is the former owner of the NBA’s Atlanta Hawks, the majority of whose shares he owned along with Atlanta Hawks Basketball & Entertainment (AHBE) from 2004 to 2015. He sold the team in 2015 to Tony Ressler’s group and along with AHBE decided to buyout former team General Manager Danny Ferry’s contract. Under an insurance policy they had with AIG, the team’s former insurance company, Levenson and AHBE were entitled to file a claim with that company to cover losses in this event according to the Atlanta Journal-Constitution. AIG however, seems to think it did not have to honor such an obligation, and are not paying any compensation to AHBE or Ferry. Levenson and AHBE are now taking them to court where they intend to sue for damages.
Bruce Levenson has many passions in life both in sports and business. He attended law school for a time at American University, but never went into practicing law. He went into journalism, working first for the Washington Star before it went defunct, and then later started his own news publication company along with his friend Ed Peskowitz. That company started out publishing an oil industry newsletter, but soon evolved into the major media organization, United Communications Group (UCG). Levenson also helped start subsidiary TechTarget, and also served on the board of advisors at BIA Digital Partners.
Forbes billionaire Bruce Levenson is also a philanthropist who has served at several non-profit groups including I Have a Dream Foundation, and the Center for Philanthropy and Non-Profit Leadership at the University of Maryland. Levenson is also a staunch advocate of Jewish activist groups such as Birthright Israel and the SEED Foundation, and he has also contributed to the Holocaust Memorial Museum. Levenson also helped sponsor the Concert Against Hate event hosted by the Anti-Defamation League just last year.