The Milwaukee Bucks have been one of the best teams in the NBA over the last four years. Their success was highlighted in 2021 when they beat the Phoenix Suns in the NBA Championship. There are multiple reports now that the Milwaukee Bucks may be for sale.
Milwaukee Bucks’ Owner Marc Lasry May Sell His Ownership Stake In 2023
There is reportedly a growing possibility that Milwaukee Bucks’ owner Marc Lasry will sell his ownership stake in the team in 2023, according to league sources. The Milwaukee Bucks were purchased by Marc Lasry and Wes Edens in April 2014 from Senator Herb Kohl for a reported $550 million.
Lasry may sell his stake directly to Edens, who already co-owns Aston Villa in the English Premier League along with his role as co-owner of the Bucks. Lasry reportedly continues to explore his exit options, which also included talks to sell to former Michigan State guard Mat Ishbia.
In Forbes’ most recent compilation of franchise valuations in October 2022, the Bucks ranked 15th in the NBA at $2.3 billion. Lasry and Edens joined forces to buy the team at the end of Giannis Antetokounmpo’s first season in the NBA in 2013-14. The team entered a new stadium in Fiserv Forum in 2018 and won the franchise’s first championship in 50 years during the 2020-21 campaign.
As part of the ownership deal, Lasry and Edens must trade-off as the Bucks’ top-ranking team governor every five years, per Stein. Edens first held the role from 2014-2019. Lasry is the co-founder of hedge-fund investment group Avenue Capital, while Edens is the founder of private equity firm Fortress Investment Group LLC in New York.
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