Wednesday, April 16, 2014

Bucks owner Herb Kohl reaches deal to sell team (Yahoo Sports)

New York investment firm executives Marc Lasry , left, and Wesley Edens talks to Milwaukee Bucks assistant coach Jim Cleamons Wednesday, April 16, 2014, in Milwaukee. The Bucks announced that owner Herb Kohl has reached a deal to sell the franchise to Edens and Lasry. (AP Photo/Morry Gash)


Bucks owner Herb Kohl was well past retirement age and realized it was time to secure the future of the franchise. He had one big caveat for any potential investors: Keep the team in his hometown of Milwaukee. The former U.S. senator is banking on New York investment firm executives Marc Lasry and Wesley Edens to follow through after agreeing to sell them the Bucks for about $550 million. The deal is subject to approval by the NBA and its board of governors.


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