While the Bucks keep winning on the NBA courts (14 straight wins), things are moving behind the scenes. The co-owner of the Milwaukee franchise, Marc Lasry, has actually decided to sell his shares to the owners of the Cleveland Browns (NFL team).
Nine years ago, Marc Lasry bought the Bucks (along with a certain Wes Edens) for $550 million. Almost a decade later, the co-owner decided to sell his shares for 3.5 billion to Jimmy Haslam and his wife Dee, owners of the Cleveland Browns. The news was announced by ESPN et The Athletic.
Milwaukee Bucks co-owner Marc Lasry has reached an agreement to sell his portion of the Bucks to Cleveland Browns owners Jimmy and Dee Haslam for a $3.5 billion valuation, sources told ESPN.
— Tim Bontemps (@TimBontemps) February 27, 2023
If the sale is not yet official, it is only a matter of time. As Tim Bontemps ofESPN, with 3.5 billion dollars, we are on the second highest amount for an NBA franchise following the sale for 4 billion of the Phoenix Suns very recently. The Bucks will now be owned by the couple Haslam and Wes Edens, the other co-owner who has decided to keep his shares.
Marc Lasry can leave his post with the feeling of accomplishment. He leaves the Milwaukee franchise in very good health, which won an NBA championship title in 2021 and is still one of the flagship teams in the Eastern Conference under the leadership of Giannis Antetokounmpo. In addition, the Bucks are now playing in a brand new venue (the Fiserv Forum, which opened in 2018), the construction of which has enabled the city of Milwaukee to secure the presence of the franchise for many, many years. .
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Source texte : The Athletic, ESPN