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Deal to sell Hawks to Calif. businessman off; team no longer on market

The deal for California pizza king Alex Meruelo to buy the Hawks suddenly falls apart as Meruelo is ruled out as the new proprietor of the Atlanta NBA team late Friday, nixing the sale that would've made him the first Hispanic owner in the league.

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Meruelo says he has 'ample resources' to buy Hawks

California pizza king Alex Meruelo -- the prospective new owner of the Hawks -- says that despite some speculation, he has "ample resources" to purchase the NBA franchise.

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Hawks to be sold, but stay in Atlanta

A source confirms to The Associated Press on Sunday that California businessman Alex Meruelo will buy the Atlanta Hawks, but Meruelo vows to keep the team in Georgia in hopes of bringing the city its first NBA title.

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