Last Updated on June 16, 2026 by Mat Diekhake
The Atlanta Hawks have changed hands several times since the franchise relocated to Atlanta in 1968. While coaches, executives, and general managers have played important roles in the team’s development, ownership has largely shaped the franchise’s long-term direction.
Tom Cousins (1968–1977)
Atlanta real estate developer Tom Cousins purchased the franchise when it moved from St. Louis to Atlanta in 1968. Under his ownership, the Hawks established themselves in their new market and became a permanent part of Atlanta’s professional sports landscape.
Ted Turner (1977–2004)
Media entrepreneur Ted Turner acquired the Hawks in 1977, adding the team to his growing sports portfolio. Turner’s ownership coincided with the expansion of his media empire and helped increase the club’s visibility. He remained the principal owner for more than two decades before the franchise became part of a larger corporate ownership structure.
Atlanta Spirit, LLC (2004–2015)
In 2004, ownership transferred to Atlanta Spirit, LLC, a group of investors that also controlled other Atlanta sports properties. The period was marked by several ownership disputes and legal challenges among the partners. Despite those issues, the Hawks remained competitive and made multiple playoff appearances.
Tony Ressler (2015–Present)
Billionaire investor Tony Ressler purchased a controlling interest in the Hawks in 2015 and became the franchise’s principal owner. Since taking over, Ressler has overseen significant investments in basketball operations, player development, and arena improvements. His ownership has coincided with a renewed emphasis on building a sustainable contender in the Eastern Conference.
Conclusion
The Atlanta Hawks have had four primary ownership eras since arriving in Atlanta: Tom Cousins, Ted Turner, Atlanta Spirit, LLC, and Tony Ressler. Each ownership group has influenced the franchise in different ways, helping shape the Hawks’ identity and growth over more than five decades in the city.