For many people, an ultimate dream would be to have a career in professional sports. Since most people do not have the athletic gifts to play or experience to coach, another common dream would be to own a franchise. While owning a franchise could be a great dream, the high cost of a team can make it impossible for most people. While it may be impossible for many, there are hundreds of people around the world that have seen their dreams come to fruition by owning their own professional sports team.
One individual that has fulfilled the dream of owning a sports team is Bruce Levenson, the owner of the Atlanta Hawks, a professional basketball team in the NBA. Levenson first acquired the team from Ted Turner in 2004 and has seen the team go through many positive changes since he took over control over ten years ago. While buying the team was quite an accomplishment, it did take a considerable amount of time and hard work for him to get to the point where he could have enough capital to buy the Hawks.
Levenson was born in Washington DC in 1949 and spent his childhood growing up in DC suburbs. After graduating from high school, he moved to St Louis to earn his bachelors degree from Washington University and later graduated from law school from the American University. While he was in law school, Levenson spent time writing articles for the Washington Star magazine.
While he started as a writer, he quickly took on an entrepreneurial role when he founded the United Communications Group in 1977. Utilizing the financial background and expertise of his business partners, the company first started to grow by writing newsletters and press releases about the oil industry. The company has continued to grow over the past forty years by acquiring different newsletters and publications, which has allowed it to become one of the most highly sought after pieces of information about the oil industry.
The company has also invested in other related fields. The company acquired Gas Buddy, a website and mobile application that provides individuals with real-time information about gas prices in their area. This was a widely popular application, particularly during periods of oil booms in prices.
While he was able to build a significant amount of wealth through his companies, Levenson has also continued to give back to the community.