Alex Meruelo

Report: Hawks sale in jeopardy due to new funding questions


It seemed like a good story — Alex Meruelo was to become the first Hispanic to own an NBA team, and at the same time rescue a good franchise from the clutches of a dysfunctional and unimpressive ownership group. Meruelo was the guy on the white horse, talking big and he already had a press conference as the new owner.

But it turns out, he might not have the money to buy the team.

The sale of the Hawks is in jeopardy because of concerns about Meruelo’s funding, reports Marc Stein of ESPN. Meruelo was to buy 80 percent of the Hawks for a price tag of about $300 million.

Sources told on Wednesday that there are concerns at the league level and within the Hawks’ current ownership group, headed by Michael Gearon Jr. and Bruce Levenson, about whether Meruelo indeed has the sufficient funds to purchase a majority stake in the franchise and operate an NBA team.

Meruelo denied this.

Said Meruelo in a statement: “I have more than ample resources to purchase and operate the Hawks in a first-class manner. I am committed to the purchase of the Atlanta Hawks. While I can’t comment on the details of the approval process, I have and will do everything I can to bring the process to a positive conclusion.”

The Atlanta Spirit would retain ownership for now, which is a punch in the gut to Hawks fans.

Like seemingly everything, this circles back to the lockout.

Part of the reason we have hardline owners pushing the lockout beyond rational limits is because many of those same owners overpaid for those franchise and were heavily leveraged in doing so. When those franchises didn’t rise in value (as they had done the previous 15 plus years) those owners couldn’t justify losing money each year. So they came in and demanded major revenue sharing and givebacks from the players so they could turn a profit.

Bringing another leveraged owner into the mix now would be a poor idea.

It is possible that Meruelo will be able to show he does have the finances in place to purchase this team. The door is not closed. But right now it appears far from a sure thing. If he is out, the Atlanta Spirit (a consortium of owners) would be looking for a new buyer. And it can’t happen fast enough for Hawks fans.

76ers on blocking anthem singer wearing ‘WE MATTER’ jersey: ‘We use our games to bring people together’

BEVERLY HILLS, CA - AUGUST 01:  Actress Sevyn Streeter speaks onstage during the 'Ringside' panel discussion at the TV One portion of the 2016 Television Critics Association Summer Tour at The Beverly Hilton Hotel on August 1, 2016 in Beverly Hills, California.  (Photo by Frederick M. Brown/Getty Images)
Frederick M. Brown/Getty Images

Sevyn Streeter said the 76ers prevented her from singing the national anthem at tonight’s game because she was wearing a “WE MATTER” jersey:

76ers statement:

“The Philadelphia 76ers organization encourages meaningful actions to drive social change. We use our games to bring people together, to build trust and to strengthen our communities. As we move from symbolic gestures to action, we will continue to leverage our platform to positively impact our community.”

This is a continuation of Carmelo Anthony‘s argument: The emphasis should be on action in communities and there’s no longer a place for gestures like Colin Kaepernick kneeling.

But this needn’t be an either/or discussion. Community-based action is obviously important (though don’t assign responsibility to NBA players to fix racism). Recognizing the width and depth of the problem is necessary – which is why symbols matter, too.

Take Street’s shirt at face value. “We matter.” “Black lives matter.” What’s so offensive about that? There is no implicit “more” attached.

Yet, the 76ers found it antithetical to their brand.

This is why the widespread “unity” message preached by arm-locking NBA players left so much to be desired.

To the 76ers, unity meant silencing Streeter.

Is that what players were demonstrating on behalf of during the preseason? I’m sure that arena was much more united with a 76ers dancer singing the anthem than it would have been with Streeter spotlighted. But sometimes divisiveness is necessary to advance a cause.

If the 76ers don’t want Streeter using their platform to say “WE MATTER,” that’s their right. Not everyone has to support that choice, though.

Sevyn Streeter says 76ers prevented her from performing national anthem due to ‘WE MATTER’ jersey

BEVERLY HILLS, CA - AUGUST 01:  Actress Sevyn Streeter speaks onstage during the 'Ringside' panel discussion at the TV One portion of the 2016 Television Critics Association Summer Tour at The Beverly Hilton Hotel on August 1, 2016 in Beverly Hills, California.  (Photo by Frederick M. Brown/Getty Images)
Frederick M. Brown/Getty Images

No NBA players followed Colin Kaepernick’s lead by kneeling during the national anthem in the preseason.

But that courageous form of protest still found its way onto NBA courts.

A national-anthem singer knelt before a Kings game, and other did at a Heat game.

Another singer wanted to take a bold stance for the 76ers’ regular-season opener against the Thunder tonight by wearing a “WE MATTER” jersey, but she said the team stopped her.

Sevyn Streeter:

A 76ers dancer performed the anthem instead:

The 76ers deserve some latitude to choose how someone uses their platform. But what about claiming black lives matter is antithetical to the 76ers’ brand?

The team did not immediately respond to request for comment. I will update if it does.

76ers fan flips double bird to Russell Westbrook, who reacts incredulously (video)

PHILADELPHIA, PA - OCTOBER 26: Russell Westbrook #0 of the Oklahoma City Thunder warms up prior to the game against the Philadelphia 76ers at Wells Fargo Center on October 26, 2016 in Philadelphia, Pennsylvania. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Mitchell Leff/Getty Images)
Mitchell Leff/Getty Images

The Russell Westbrook era didn’t get off to the fastest start for the Thunder, who fell behind the 76ers early.

This Philadelphia fan got way ahead of himself (and any reasonable standard of decency).

Via Andy Bailey of Bleacher Report:

Oklahoma City responded with a 5-0 run, Westbrook scoring three points himself and assisting another basket.

Report: Bulls close to deal with former Celtic R.J. Hunter

BOSTON, MA - OCTOBER 17:  R.J. Hunter #28 of the Boston Celtics carries the ball against the New York Knicks during the third quarter at TD Garden on October 17, 2016 in Boston, Massachusetts.  (Photo by Maddie Meyer/Getty Images)
Maddie Meyer/Getty Images
Leave a comment

The No. 28 pick, R.J. Hunter became the first first-rounder from last year’s draft to fall out of the NBA when the Celtics waived him.

He won’t be out of the league for long.

The Bulls, the only team with an open roster spot, appear close to adding him.

Shams Charania of Yahoo Sports:

Hunter belongs in the league.  Though he must knock down shots far more reliably than he has, Hunter has potential as an outside shooter with complementary ball skills to provide value. Boston just had more NBA-caliber players than roster spots.

He’s far from a lock to succeed in the NBA, but I value Hunter about as much as Tony Snell – whom the Bulls just traded for an upgrade at backup point guard in Michael Carter-Williams. That they could so cheaply replace Snell makes that deal look even better.