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L.A Businessman buying majority stake in Atlanta Hawks

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An Atlanta newspaper reports that the Hawks have reached an agreement with a California pizza chain owner and developer, Alex Meruelo. Meruelo, who will be the league's first Hispanic owner, insists that the team will remain in Atlanta. Meruelo opened his first business, a pizza restaurant, when he was 21 years old. His business has grown to include a chain of 50 restaurants, residential and commercial real-estate developments, construction and engineering, a bank, a motel-casino, and a TV station.

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