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Atlanta Hawks controlling owner Bruce Levenson announced that he is selling his share of the team after he admitted to writing an e-mail two years ago that contained racially-insensitive remarks about fans.

In July, the NBA launched an investigation after Levenson self-reported the August 2012 e-mail to the league. Before the investigation was complete, Levenson notified the NBA office on Saturday night that he will sell the team.

"Over the past several years, I've spent a lot of time grappling with low attendance at our games and the need for theHawks to attract more season ticket holders and corporate sponsors," Levenson said in a statement Sunday. "Over that time, I've talked with team executives about the need for the Hawks to build a more diverse fan base that includes more suburban whites, and I shared my thoughts on why our efforts to bridge Atlanta's racial sports divide seemed to be failing.

"In trying to address those issues, I wrote an e-mail two years ago that was inappropriate and offensive. I trivialized our fans by making cliched assumptions about their interests (i.e. hip hop vs. country, white vs. black cheerleaders, etc.) and by stereotyping their perceptions of one another (i.e. that white fans might be afraid of our black fans). By focusing on race, I also sent the unintentional and hurtful message that our white fans are more valuable than our black fans."

Commissioner Adam Silver also released a statement Sunday in response to Levenson's e-mail and the announcement that he is selling the team.

"Prior to the completion of the investigation, Mr. Levenson notified me last evening that he had decided to sell his controlling interest in the Atlanta Hawks," Silver said. "As Mr. Levenson acknowledged, the views he expressed are entirely unacceptable and are in stark contrast to the core principles of the National Basketball Association. He shared with me how truly remorseful he is for using those hurtful words and how apologetic he is to the entire NBAfamily -- fans, players, team employees, business partners and fellow team owners -- for having diverted attention away from our game.

"I commend Mr. Levenson for self-reporting to the league office, for being fully cooperative with the league and its independent investigator, and for putting the best interests of the Hawks, the Atlanta community, and the NBA first."

The news comes just months after then-Los Angeles Clippers owner Donald Sterling made racist comments, which became public. The NBA banned him for life and forced him to sell the team over the summer.

"The NBA and its teams have long had in place anti-harassment and anti-discrimination policies in order to facilitate respectful and diverse workplaces," Silver said. "Earlier this summer, the league re-doubled its efforts by, among other things, making it mandatory for all league and team personnel to receive annual training on these issues."

Levenson said he fully understands any anger that is directed toward him and explained why he decided to report the e-mail to the league.

"If you're angry about what I wrote, you should be," he said. "I'm angry at myself, too. It was inflammatory nonsense. We all may have subtle biases and preconceptions when it comes to race, but my role as a leader is to challenge them, not to validate or accommodate those who might hold them.

"I have said repeatedly that the NBA should have zero tolerance for racism, and I strongly believe that to be true. That is why I voluntarily reported my inappropriate e-mail to the NBA."

Levenson then said he will sell his share of the team.

"After much long and difficult contemplation, I have decided that it is in the best interests of the team, the Atlantacommunity, and the NBA to sell my controlling interest in the Hawks franchise," he said.

Hawks CEO Steve Koonin will take over all operations of the team and oversee the process of its sale. Silver said the NBA would support and assist Koonin during the process.

"I'm truly embarrassed by my words in that e-mail, and I apologize to the members of the Hawks family and all of our fans," Levenson said. "To the Hawks family and its fans, you have my deepest gratitude for the past ten years. Working with this team and its extraordinary executives, coaching staff, and players has been one of the highlights of my life. I am proud of our diverse, passionate, and growing legion of Hawks fans, and I will continue to join you in cheering for the best team in the NBA."

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