According to ESPN’s Marc Stein, Milwaukee Bucks owner Herb Kohl will announce today that the team has been sold to billionaires Wesley Edens and Marc Lasry.
ESPN has learned Bucks owner Herb Kohl will announce sale of the team later today to Wesley Edens & Marc Lasry for price of $550 milllion
— Marc Stein (@ESPNSteinLine) April 16, 2014
The Bucks have announced a press conference for 2:30 PM (CST) at the BMO Harris Bradley Center.
Edens and Lasry were brought to the forefront of the conversation regarding potential new owners for the Milwaukee Bucks last week when Grantland’s Bill Simmons outed them as the favorites. In the days following, reports continued to swirl about potential groups, one from Chicago and more talk about local groups, but it appears Edens and Lasry have won out.
Stein’s report says keeping the team in Milwaukee was a condition of the sale.