More at ajc.com: “The Hawks and Thrashers have lost $174 million since the 2002-2003 seasons, including more than $50 million in the last two years, according to court documents associated with an ongoing feud between the teams’ eight owners.
The group, known as the Atlanta Spirit, bought the teams and Philips Arena operating rights from Turner Broadcasting System in 2004.
The teams and the arena lost $48.9 million in the 2002-03 season; $37.3 million in 2003-04; $12.5 million in 2004-05; $24.8 million in 2005-06; $27.2 million in 2006-07; and $23.1 million in 2007-08.
Team officials and lawyers were not immediately available for comment.”
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