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NFL Approves Falcons Sale

February 2, 2002

NEW ORLEANS (AP) _ NFL owners unanimously approved the sale of the Atlanta Falcons on Saturday to Home Depot co-founder Arthur Blank, who immediately announced that Dan Reeves would remain as coach.

Blank needed 24 votes to make the purchase official.

Blank, who is paying $545 million for the Falcons, said Reeves’ contract would be extended by three years. Reeves, also an executive vice president, will see his focus shift more to coaching. Blank said, while he and Reeves will recruit a new general manager for the team.

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