Hawks sells 6% stake in franchise to Dyal HomeCourt

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HomeCourt is managed by Dyal Capital, a division of Blue Owl, an alternative asset manager with $ 82.9 billion in assets under management. HomeCourt was formed in 2020 as a partnership with the NBA to aid in the league’s long-term growth and improve market liquidity. HomeCourt is the only institutional investor who can acquire a pool of minority stakes in an unlimited number of NBA franchises.

“We welcome the influx of institutional capital as a validation of the hard work that management and staff in the Hawks’ front office and basketball operations undertook during the tenure of our ownership group,” Ressler said in a statement. communicated. “We’ve made it a priority to commit the resources to build a world-class squad worthy of a world-class city, and so far we’ve invested in the best players, transformed State Farm Arena, built a state-of-the-art room. sports medicine and training center, brought a G League team to College Park, launched initiatives to develop black businesses and reinvested in our communities across town. On behalf of all members of the franchise, we are delighted to partner with Dyal HomeCourt as we continue to invest in the franchise and serve as a leader in the community.

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