The Maryland Court of Special Appeals issued a ruling on Tuesday in favor of Atlanta Spirit LLC in their fight against estranged owner Steve Belkin. Now the owner of the Atlanta Hawks and the Atlanta Thrashers can enter into long-term contracts without a court's approval. This allows the teams to freely negotiate with Josh Smith and Marian Hossa for long-term contracts.
The ruling also allows the Atlanta Spirit group to buy out Steve Belkin. Previous court orders allowed Belkin to buy out the rest of the Atlanta Spirit group.
Thursday, September 13, 2007
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