Atlanta Spirit, LLC was a partnership headquartered at 101 Marietta St., Atlanta, Georgia. They owned the NBA's Atlanta Hawks and the NHL's Atlanta Thrashers, as well as the operating rights to Philips Arena. The nine partners who comprise the group are Steve Belkin, Michael Gearon, Jr., Bruce Levenson, Ed Peskowitz, J. Rutherford Seydel, Todd Foreman, J. Michael Gearon, Sr., Bud Seretean, and Beau Turner. These nine businessmen are divided into three groups, each headquartered in Atlanta, Washington, D.C., and Boston, and each group shares equal voting power within the group.
On May 31, 2011, Atlanta Spirit sold the Thrashers to True North Sports & Entertainment Limited for US$170 million, and True North relocated the franchise to Winnipeg, becoming the current incarnation of the Winnipeg Jets. On June 24, 2015, Atlanta Spirit sold the Hawks and the operating rights to Philips Arena to a group led by Tony Ressler; unlike the NHL and the Thrashers, the NBA mandated that the Hawks were to remain in Atlanta as a condition of their sale. Ressler would also sign a 30-year lease extension with the city of Atlanta and Fulton County in exchange for a $192.5 million renovation to Philips Arena, since renamed State Farm Arena. After the sale of the Hawks to Ressler, the Atlanta Spirit ownership group was subsequently dissolved.