NBA Team Owner

The Life Legacy of Bruce Levenson

The business world in America is well known for churning out big names, investors and sending certain companies into Forbes magazine even. Bruce Levenson, a one time NBA team owner, is a prime example of this.

Bruce Levenson was born on October 1, 1949 in a wealthy neighborhood in Washington, D.C. and then later moved to Chevy Chase, Maryland, where he spent a large chunk of his youth. Once he came of age, Levenson went across the country and attended Washington University in St. Louis in Missouri. After graduating, he returned back home to attend the law school at American University, taking some journalism activities in the process.

After finishing with law school, Levenson took his first route into the business world by first founding the United Communications Group along with Ed Peskowitz in 1977. The company, which operated out of Gaithersburg, Maryland, was geared towards business information and specialized in data and news analysis as well as new information trends regarding healthcare, changes in technology and telecommunications. Despite this success in this field, Levenson’s most notable claim to fame is becoming a co-owner of the Atlanta Hawks franchise in the NBA. In 2004, the company Atlanta Spirit, which was the holder for the Hawks, was officially created and used to buy the team from Turner Broadcasting. With Levenson and Peskowitz now involved in this, the two were now majority partners of the company which owned the Hawks team and Phillips Arena by extension. The Atlanta Thrashers hockey team was also supposed to be included in this new deal, but the National Hockey League had already ended up buying the team by 2011. Recently, Levenson had decided to put the team up for sale, along with Hawks CEO Steve Koonin and the team was eventually sold off to Antony Ressler, an entrepreneur who bought the team for a total of $850 million.

With a high business acumen and an NBA team on his resume, Bruce Levenson has taken part in other venues besides the business world. For example, he is a founding donor to the United States Holocaust Museum, specifically the “Bringing the Lessons Home” program, which educated city students on the Holocaust, its effect on the world and what can be learned from this part of history. This is also pertinent, considering that Levenson is part of a Jewish family. Levenson and his wife are also responsible for the creation of the Center for Philanthropy and Nonprofit Leadership at the University of Maryland, College Park. The purpose of this program is to teach college students how to properly manage a nonprofit organization.