Webber would have a modest financial investment in the partnership, but is expected to emerge as a face of the bid with an ultimate goal of becoming a prominent figure on the basketball side for the Hawks, league sources told Yahoo Sports
The primary investors are expected to become public in the near future, sources said. Several prominent groups with interest in buying the Hawks are also expected to become known soon.
Webber, 41, has had a home in Atlanta for the past decade and has been working to connect with community officials and organizations to make a case for reselling the organization to an increasingly dubious public.
Webber was a five-time All-NBA player in his 15-year career, including stops in Golden State, Washington, Sacramento, Philadelphia and Detroit. He was the No. 1 overall draft pick in 1993 out of the University of Michigan. He's working as a television analyst for TNT and NBA TV, based out of Atlanta now.
The Hawks are moving toward a sale because of a racially insensitive email that surfaced from majority owner Bruce Levenson to ownership partners and his front office. The organization was further humiliated with revelations of a racially charged that general manager Danny Ferry made on a conference call with owners in June.
Ferry has taken a leave of absence and isn't expected to return to his job running the organization
>Wonder how many more players who got those major contracts in >the 2000s might partner up to own franchises. I think more and more. Between that and their own side investments, now's the time to own a franchise, especially with the TV revenue going up.
Even though some franchises operate as a loss, the better the product, the net gain. And you can attract more FA's that way
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