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Court throws out previous ruling allowing Belkin to buy out owners

Updated: September 11, 2007, 9:44 PM ET
Associated Press

ATLANTA -- Boston-based businessman Steve Belkin suffered a setback on Tuesday in his long-running attempt to buy out the other owners of the Atlanta Hawks and Atlanta Thrashers.

The Maryland Court of Special Appeals threw out a 2006 lower court ruling that Belkin is entitled to buy out his fellow Hawks-Thrashers owners at cost and take over the teams. Also at stake are the operating rights to Philips Arena.

The case was sent back to the Montgomery County (Md.) Circuit Court ...

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