NBA teams are characterized by buys and sells. The role of the owners is always kept in the minimum as long as they are satisfied with the performance of the teams and continue receiving the intended benefits. A good number of the owners purchase the teams as a potential source of publicity, an issue that can boost their other business. The NBA in America is the most common sport, and many people adore the game. At the professional level, the game attracts millions of dollars, thus the serious way it is run.
Upon Bruce Levenson selling, the new owners were seen to be very optimistic that they would get substantial profits by running the business. Due to the lack of basketball management experience, they have a team of managers and coaches that play a key role in organizing and running team operations. In the Hawks case, Tony Ressler, the new owners, did not bother with changing management. The CEO and Coach continue to serve in their normal positions for the team to guarantee results and avoid the shock that could be sent to the players. Changing the coach would adjust the atmosphere and some players would need time to adjust to the demands of the new coach. On the same note, the coach would equally need time to understand the players’ personal abilities, for him to form his formidable team. The case could not be handled as the team was already preparing for another match in the bid to win the championship.
The billionaires have made buying and selling of clubs a game that makes them big money. In fact, money is the ultimate goal, and if it makes money, then it makes sense. For a typical billionaire, acquiring a club in the NBA is not much hassle, but it should be evaluated and debated by the board before a decision to buy or sell is rolled into play. The role of the board should not be underrated as it is what helps the billionaire from panic buying or selling. One may decide to sell off the club for the reason that would later reveal nothing serious. Therefore, by having a board that runs major decisions, the billionaire is safe from the chances of losing millions or even billions in a short period.
Bruce Levenson is a typical billionaire that has owned several clubs over the years. His appetite for clubs grew at a young age and when he put his hands on money, he went for the Atlanta Hawks, the Thrashers and the playground, Philips Arena. It was a good investment as the whole value of purchase for the three was $250,000. Back then in 2004, it was a fair sum as the clubs were not very successful as it is today. The club was later sold for $730 million, an amount that analysts term real money. Levenson’s role in the NBA is easy to see and he has built a name for himself and the Atlanta Hawks. He has inspired and offered all the support the team needed to succeed.