Close Menu
WI Sports HeroicsWI Sports Heroics

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot
    Wisconsin Badgers commit Will Garlock

    Wisconsin Badgers Basketball: 7’1 Center Freshman Will Garlock Excited for Redemption Season in College After Anti-Climactic HS Career End

    May 14, 2025
    New Green Bay Packers player Aaron Banks

    Green Bay Packers OC Adam Stenavich Has High Hopes for New Acquisition Aaron Banks Ahead of 2025 Season

    May 13, 2025
    Green Bay Packers defensive coordinator Jeff Hafley

    Packers News: Jeff Hafley Previews Edgerrin Cooper’s Improved Year 2, Saying LB Got Big in the Offseason – ‘He Knows What He Has to Do Now’

    May 13, 2025
    Facebook X (Twitter)
    Trending
    • Wisconsin Badgers Basketball: 7’1 Center Freshman Will Garlock Excited for Redemption Season in College After Anti-Climactic HS Career End
    • Green Bay Packers OC Adam Stenavich Has High Hopes for New Acquisition Aaron Banks Ahead of 2025 Season
    • Packers News: Jeff Hafley Previews Edgerrin Cooper’s Improved Year 2, Saying LB Got Big in the Offseason – ‘He Knows What He Has to Do Now’
    • Giannis Antetokounmpo Strolling Around Social Media as Many Speculate his 2025 Decision, Comments on Funny Reel Referencing Dr. Strange
    • Marquette Golden Eagles: Kam Jones Show Off Great Shooting in NBA 2025 Draft Combine; Where Will He Be Selected?
    • Wisconsin Badgers Basketball: John Tonje Among the Top 5 Shooters in NBA Combine; What Does New Mock Draft Say About His Stock?
    • Brewers bats go silent again;4 May shutouts highlights slump
    • Bucks News: 12-Year NBA Veteran Sure Giannis Antetokounmpo Will Not Leave, Warns Milwaukee Against Repeating Dallas’ Mistake
    • About Us
    • Contact Us
    • Our Writers
    Facebook X (Twitter) RSS
    WI Sports HeroicsWI Sports Heroics
    SUBSCRIBE FOR UPDATES
    • Packers
      • Aaron Rodgers News
      • Jordan Love News
      • Matt LaFleur News
      • Packers News
      • Packers Rumors
      • Packers History
    • Bucks
      • Giannis Antetokounmpo News
      • Bucks News
      • Bucks Rumors
    • Brewers
      • Brewers News
      • Brewers Rumors
    • Badgers
      • Wisconsin Badgers Football
      • Wisconsin Badgers Basketball
      • Wisconsin Badgers Women’s Basketball
      • Wisconsin Badgers Volleyball
      • Wisconsin Badgers Hockey
      • Wisconsin Badgers Wrestling
    • Marquette
      • Marquette Basketball
    • Draft
      • 2023 NFL Draft Big Board & Scouting Reports
      • 2023 NFL Mock Drafts
    • Milkmen
      • Milwaukee Milkmen News
      • Milwaukee Milkmen Rumors
    • Podcasts
      • CheeseDads Sports
      • Packers Podcast
      • Wickett On Wisconsin
    • Fantasy
    • NFL
    WI Sports HeroicsWI Sports Heroics
    You are here Home » Milwaukee Bucks Sale Complete to Controversial Cleveland Browns Owner Jimmy Haslam Ahead of 2023 NBA Playoffs
    Bucks

    Milwaukee Bucks Sale Complete to Controversial Cleveland Browns Owner Jimmy Haslam Ahead of 2023 NBA Playoffs

    Robin M AdamsBy Robin M AdamsApril 14, 2023Updated:April 24, 2023No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Feb 28, 2023; Brooklyn, New York, USA; Milwaukee Bucks center Brook Lopez (11) high fives forward Giannis Antetokounmpo (34) during the third quarter against the Brooklyn Nets at Barclays Center. Mandatory Credit: Brad Penner-USA TODAY Sports (NBA Rumors)
    Feb 28, 2023; Brooklyn, New York, USA; Milwaukee Bucks center Brook Lopez (11) high fives forward Giannis Antetokounmpo (34) during the third quarter against the Brooklyn Nets at Barclays Center. Mandatory Credit: Brad Penner-USA TODAY Sports (NBA Rumors)
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Milwaukee Bucks will officially have a new co-owner as they head into the 2023 NBA Playoffs. Shams Charania of The Athletic reported on Twitter today that Marc Lasry has completed the sale of his share of the Bucks to Cleveland Brown’s owner Jimmy Haslam.

    Milwaukee Bucks co-owner Marc Lasry is completing the sale of his Bucks stake to Cleveland Browns owner Jimmy Haslam and Haslam Sports Group for a $3.5 billion valuation on Friday, sources tell me and @eric_nehm. https://t.co/JLPL3lQD1t

    — Shams Charania (@ShamsCharania) April 14, 2023

    As Charania tweeted, and as was reported back in February, Lasry agreed to sell his share of the Bucks for 25% of its $3.5 billion value. To be clear, Lasry did not sell his stake of the Bucks for $3.5 billion. That is how much the Bucks franchise is worth.

    Fast Facts about Jimmy Haslam, New Co-Owner of the Milwaukee Bucks

    Milwaukee Bucks co-owner Jimmy Haslam
    Mar 4, 2023; Columbus, Ohio, USA; Columbus Crew investor operator Jimmy Haslam watches his team warm up prior to the MLS soccer match against D.C. United at Lower.com Field. Mandatory Credit: Adam Cairns-The Columbus Dispatch
    Mls Ceb Crew Dc

    The following are some fast facts about new Milwaukee Bucks owner Jimmy Haslam from Forbes.com:

    • Jimmy Haslam is chairman of Pilot Flying J, the truck stop company founded in 1958 by his father, who paid $6,000 for a gas station in Virginia.
    • Berkshire Hathaway paid a reported $2.8 billion for 39% of Pilot in 2017 and will acquire another 41% by 2023.
    • Pilot has more than 800 locations in North America and generates about $26 billion in annual revenue.
    • Haslam joined the board in 1975, when he was 20 and a senior at the University of Tennessee; Pilot’s annual sales were about $50 million at the time.
    • In 2012, Haslam became the majority stakeholder of Cleveland Browns for roughly $990 million. Today his stake is worth nearly $2.2 billion.
    • In July 2020, Pilot announced Haslam would step down as CEO and transition to chairman in January 2021.

    Also according to Forbes, Haslam is worth $4.8 billion.

    Haslam, of course, was at the center of a controversial decision last year as the Cleveland Browns owner when they gave accused sexual predator DeShaun Watson a guaranteed contract worth almost a quarter of a billion dollars.

    Why Did Marc Lasry Sell His Stake in the Milwaukee Bucks?

    Milwaukee Bucks
    Nov 8, 2021; Washington, DC, USA; U.S. President Joe Biden is presented with a jersey by Milwaukee Bucks player Giannis Antetokounmpo and owner Marc Lasry during a ceremony to honor the team for its NBA Championship on the South Lawn of the White House. Mandatory Credit: Scott Taetsch-USA TODAY Sports

    When Marc Lasry and Wes Edens decided to buy the Bucks in 2014 for $550 million. Lasry’s stake in the team was roughly 25%, making him and Edens (who owns an identical share) the two majority owners of the team. With his sale of his stock, Lasry has made over 500% profit on his investment.

    As mentioned previously, the Bucks are worth $3.5 billion. 25% of that total is $875 million, which is a lot more than Lasry and Edens paid combined when they purchased the team in 2014. According to reports, Lasry was not fully on board with how high of a salary cap Milwaukee has accumulated and wanted to cut spending. He also has other ventures in the world of sports that he would like to pursue.

    The finalization of the sale comes with the NBA finally approving the deal. Interestingly, it also comes days before the Bucks begin their run in the 2023 NBA Playoffs.

    Mayfield Sports Marketing

    For More Great Wisconsin Sports Content

    Follow me on Twitter at @theotherRobin19 and follow us @WiSportsHeroics for more great content. To read more of our articles and keep up to date on the latest in Wisconsin sports, click here!

    Get the latest Wisconsin sports news, analysis, and breaking stories on the Packers, Bucks, Brewers, Badgers and more! Tap the star to add us to your favorites on Google News, so you never miss a story on your favorite Wisconsin teams.

    Jimmy Haslam Marc Lasry Wes Edens
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Robin M Adams
    • Facebook
    • X (Twitter)
    • LinkedIn

    Robin M Adams is an author, journalist, and writer of significant sports-related articles. Robin is also the co-owner of Wisconsin Sports Heroics, a sports news website that covers Wisconsin sports. He covers all things Wisconsin sports, but mostly the Green Bay Packers, Milwaukee Bucks, and Milwaukee Brewers.

    Related Posts

    Giannis Antetokounmpo, Milwaukee Bucks

    Giannis Antetokounmpo Strolling Around Social Media as Many Speculate his 2025 Decision, Comments on Funny Reel Referencing Dr. Strange

    May 13, 2025
    Giannis Antetokounmpo, Luka Doncic

    Bucks News: 12-Year NBA Veteran Sure Giannis Antetokounmpo Will Not Leave, Warns Milwaukee Against Repeating Dallas’ Mistake

    May 13, 2025
    Jayson Tatum, Milwaukee Bucks, Damian Lillard

    Celtics Fans Are Going Through Same Thing Bucks’ Did as Jayson Tatum Suffers Devastating Game 4 Injury

    May 13, 2025
    Giannis Antetokounmpo, Milwaukee Bucks

    Bucks Star Giannis Antetokounmpo Names New York as City He Loves Playing At as His 2025 Team Gets

    May 13, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    WI Sports Heroics
    Facebook X (Twitter) RSS
    • Contact Us
    • Advertisement
    • Privacy Policy
    • Corporate
    © 2025 WISportsHeroics All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.

    x