Bryan Colangelo buys ownership stake on Australian team

Former Philadelphia 76ers GM and two-time NBA executive of the year Bryan Colangelo has purchased an ownership stake and will assume an advisory role with the Illawarra Hawks of Australia’s National Basketball League, sources tell ESPN. Colangelo is partnering with Australian (Dorry Kordahi) and American (Michael Proctor) businessmen to purchase a stake in the team, sources said.