The sale of the Atlanta Hawks NBA franchise to a group headed by technology billionaire Tony Ressler was not the end of the link with the team for former owner Bruce Levenson; instead, the founder of UCG will soon bring a case to a Fulton County court over an unpaid insurance claim over the mutual termination of the contract of former Hawks general manager Danny Ferry. The termination of the $18 million six year contract of Ferry was being discussed with AIG as much as two months before the sale of the Hawks franchise, but lawyers for Levenson’s Atlanta Hawks Basketball and Entertainment group state the New Hampshire based insurance giant has failed to respond over the contract dispute.
Since selling the Hawks franchise Bruce Levenson has been spending a large amount of his time concentrating on the philanthropic causes he has always followed with interest. Levenson has not only looked to develop his own philanthropic career, but he has looked to inspire the next generation of philanthropists (http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html) at the University of Maryland with the creation of a center designed to educate those looking to work in the not for profit sector.
One of the major areas Bruce Levenson has been inspired by is keeping the memory of the World War II Holocaust alive in the minds of the people of the U.S. To this end Levenson has played an integral part in the creation of the U.S. Holocaust Museum that he states he helped construct to honor his wife Karen’s Holocaust survivor mother.
The legal team of Bruce Levenson believe the refusal of AIG to pay the insurance claim shows bad faith on the part of the insurance giant. The current Atlanta Hawks ownership has stated the claim dates back to a period prior to their purchase of the team and will not affect their own work.