The Atlanta Hawks are a professional basketball team which competes in the National Basketball Association’s Eastern Conference Southeast Division. The franchise was initially established in New York in 1946 as the Buffalo Bisons. The team was renamed Tri-Cities Blackhawks after moving to Illinois immediately afterwards and joined the NBA in 1949 as one of the original franchises. The team relocated to Milwaukee where it adopted the Hawks name in 1951, and moved again in 1955 to St. Louis. The Hawks finally settled in Atlanta in 1968.
The Hawks currently play their home games at Phillips Arena in Atlanta, Georgia. During the 2016/17 NBA season, the average regular season home attendance for a Hawks game was 15,958 per game and total attendance for that season amounted to 654,306. The Hawks generated around 169 million U.S. dollars in revenue in the 2015/2016 season. During the same season, the operating income of the Atlanta Hawks amounted to around 9.7 million U.S. dollars and as of 2017, the team’s franchise value stood at approximately 885 million U.S. dollars. The team is currently co-owned by American businessman, Tony Ressler, and former NBA star, Grant Hill.
The Hawks won their only NBA championship to date in 1958 when they were based in St. Louis and have appeared in three other NBA finals, in 1957, 1960, and 1961, losing each one of them to the Boston Celtics. As of September 2017, the Atlanta Hawks had a combined total of around 2.7 million fans and followers on Facebook and Twitter.
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