Former NBA players Junior Bridgeman and Grant Hill are leading a group that will bid on the Atlanta Hawks, according to a person with direct knowledge of the situation.
They've hired New York-based advisory firm Galatioto Sports Partners to explore a purchase, said the person, who requested anonymity because the matter is private.
Hill didn't immediately return an e-mail seeking comment.
The Hawks on Thursday said in a statement their owners unanimously approved a plan to sell the franchise that a group led by Bruce Levenson bought for $189 million in 2004. The operating rights to Philips Arena are also for sale, according to the statement.