A group called "Atlanta Spirit" bought the Atlanta Thrashers, Atlanta Hawks, and the rights to Philips Arena in 2003 and the deal was finalized in 2004.
AOL Time Warner was the previous owner, but sold the teams and arena to reduce its large debt.
Of course, since the above was written, the Atlanta Thrashers have been sold to True North Sports & Entertainment of Winnipeg and have moved from Atlanta to Winnipeg.
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The Atlanta Falcons are owned by Arthur Blank. Arthur has owned the team since February 2002 and acquired his fortune as the co founder of Home Depot.
William Rockwell "Rocky" Wirtz is the current owner of the Chicago Blackhawks. He took over ownership after his father Bill Wirtz passed away in 2007.
Atlanta Spirit LLC owns the Atlanta Hawks, the Atlanta Thrashers and Philips Arena.