The Spirit, in the process of negotiating a deal that would send the hockey team to Winnipeg, also is in talks about a possible separate sale of the basketball Hawks, who would remain in Atlanta.
Two people familiar with the situation, both of whom asked not to be identified because of the ongoing talks, told The Atlanta Journal-Constitution that the Spirit and outgoing San Diego Padres owner John Moores are in an exclusive negotiating period regarding the Hawks and the Philips Arena operating rights. Both people said a deal is not close and that it’s far from assured one will get done.
The exclusive negotiating period means the owners agreed not to pursue the sale of the Hawks to any other prospective purchaser for a prescribed period of time. It is not known when Moores’ exclusivity expires.
Edited by UKUGA, May 17, 2011 - 03:06 PM.