Atlanta Hawks co-owner Bruce Levenson has decided to sell his controlling interest in the franchise in the wake of a racially insensitive e-mail he wrote two years ago.
The Hawks released a statement from Levenson on Sunday and said CEO Steve Koonin will oversee team operations during the sale process.
According to the NBA, Levenson reported his e-mail remarks to the league in July and informed commissioner Adam Silver of his decision to sell his interest in the franchise on Saturday night.
The league, of course, dealt with racially insensitive comments earlier this year when Silver banned Los Angeles Clippers owner Donald Sterling for life and forced him to sell the franchise.
More to follow.