Alex Meruelo, founder of the Meruelo Group speaks to the media after it was announced the group had reached an agreement on the majority stake ownership of the Atlanta Hawks in Atlanta

Alex Meruelo, founder of the Meruelo Group speaks to the media after it was announced the group had reached an agreement on the majority stake ownership of the Atlanta Hawks in Atlanta, Georgia, August 8, 2011. Meruelo will become the first Hispanic National Basketbal Association owner pending the NBA approval. REUTERS/Tami Chappell (UNITED STATES – Tags: SPORT BASKETBALL BUSINESS)