When you’re talking about the National Basketball Association, lots of names will come to mind. Even when playing video games representing the sport, you will often hear the names of notable figures within the organization. One name you can’t help but hear frequently is the name of a man named Bruce Levenson.
Bruce Levenson is a wizard in the American basketball world. He is an American businessman, former NBA basketball team owner and philanthropist. He has held true many accomplishments throughout his career as well as serving as a company board member and co-founder of a communications group.
Born into a Jewish family heritage, Levenson resided his early life in Chevy Chase, Maryland. He was a student at Washington University in St. Louis then obtained a law degree at American University. Levenson began a career in Journalism at the Washington Star during his law school experience, after experiencing a passion for writing.
In 1977, Levenson partnered with close friend and colleague, Ed Peskowitz and formed the United Communications Group. This company was founded by publishing a newsletter out of a pseudo office in Levenson’s apartment. The main focus was an expose on oil industry developments. This group continued to acquire other newsletters and databases including Oil Price Information Service.
In the year of 2004, Levenson and Peskowitz became majority partners of the NBA team, Atlanta Hawks. The purchase inititally included the Atlanta Thrashers, but the group sold the hockey team in 2011. Levenson still the team’s managing partner and serves as a member of the NBA Board of Governors.
Levenson made the decision to general manager, Danny Ferry, as well as making him president of basketball operations.
Last year, Levenson went on record to announce his plans to sell his share of the group after a racism scandal broke out via e-mail. With the assistance of an investment banking firm, he is still working on coordinating the sale of the Atlanta Hawks.
He is also very active in investments and private equity. Serving as a member and active financial backer for several development groups such as TechTarget, BIA Digital Partners, Board of Directors of the Newsletter and Electronic Publishers Association. He was also inducted as a member of the Software and Information Industry’s Hall of Game in ’97 with his partner, Peskowitz for all of the work done with UCG.
Also aforementioned, Levenson is also an active philanthropist, channeling his focuses on foundations such as Hoop Dreams and Community Foundation of Washington, D.C. He also acted as president of the I Have a Dream Foundation, which aids in assisting low-income families and their children to pursue substantial higher education. He and his wife complete several philanthrophic efforts together, including visiting with Holocaust victims and supporting many charities aiding Jewish families around the world.
With lots of success and respect among his colleagues and peers, he still owes his success and determination to his wife, Karen, and their three sons.
Levenson and his wife own homes in Atlanta, Georgia and Potomac, Maryland.