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Hoop Dreams
Boston entrepreneur Steve Belkin (MBA 1971) first tried to buy an NBA team — the Boston Celtics — twenty years ago. That attempt ended in failure for the founder and chairman of Trans National Group, a marketing and investment company. As time wore on, and subsequent deal-making forays met with similar results, Belkin nearly gave up on becoming an NBA team owner.
But when the Atlanta Hawks surfaced as a hot prospect last August, Belkin moved quickly with seven partners to purchase the Hawks, the Thrashers hockey team, and operating rights to downtown Atlanta’s Philips Arena from AOL Time Warner.
“It just illustrates to me, don’t give up on your dreams,” Belkin told the Atlanta Journal-Constitution (September 21, 2003). As the largest single investor in the ownership group, he plans to focus his attention on building the Hawks into a championship-caliber team. “I don’t know how long it’s going to take, but that’s what we’re going to plan for,” said Belkin, who will now divide his time between homes in Boston and Atlanta.
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