Channel 2 Action News has learned Falcons owner Arthur Blank and his wife Stephanie have separated.
A source with knowledge told Channel 2 Sports director Zach Klein of the split and Blank's foundation confirmed the couple has separated.
The Arthur M. Blank Family Foundation sent Klein a statement saying, "Arthur and Stephanie have decided to separate from their 16-year marriage. They remain great friends and are committed to working together to parent their three wonderful children."
"They are also both as committed as ever to their philanthropic work and business enterprises in the community."
“This will have no impact on Arthur’s business enterprises."
"This is a sad and difficult time for Arthur, Stephanie and their family. They respectfully ask for privacy in this matter and will have no comment."
Blank, who acquired the Falcons in 2002, has three children from a previous marriage.
Stay with WSBTV.com and Channel 2 Action News for more on this developing story.