Former Philadelphia 76ers general manager and two-time NBA executive of the year Bryan Colangelo has purchased an ownership stake in the NBL’s Illawarra Hawks.
Colangelo will assume an advisory role and assist in governance and strategy with the NBL team, ESPN reported on Tuesday.
The 55-year-old’s business partners are Australian Dorry Kordahi and American Michael Proctor.
Colangelo – who was heavily involved in Ben Simmons being drafted No.1 by the 76ers in 2016 – departed the team two years later after a social media controversy.
It was discovered Colangelo’s wife, Barbara, had operated multiple Twitter accounts and shared private information and opinions on the Sixers and team rivals.
Colangelo has previously been general manager of the Phoenix Suns and Toronto Raptors and recently interviewed for the Chicago Bulls’ vice president role.
The Hawks had received other high-profile ownership interest, including a group involving last season’s teenage US recruit and expected top five NBA draft pick LaMelo Ball.