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Tag: Marc Lasry

NBA Board of Governors approves sale of Bucks

NBA Board of Governors approves sale of Bucks

| May 15, 2014 | 1 Reply

Share The NBA’s Board of Governors unanimously voted to approve the sale of the Milwaukee Bucks to Marc Lasry and Wesley Edens. In April, Lasry, Edens and former owner Herb Kohl came to a tentative agreement to transfer the team for a price of $550 million. The sale of the team sets up the end [...]

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Sale of Bucks to get NBA approval tomorrow, according to report

Sale of Bucks to get NBA approval tomorrow, according to report

| May 14, 2014 | Reply

Share According to an ESPN report by Brian Windhorst, the sale of the Bucks to Marc Lasry and Wesley Edens is expected to become get approved by the NBA Board of Governors tomorrow. The $550 million sale of the Milwaukee Bucks to hedge fund billionaires Wesley Edens and Marc Lasry is expected to be finalized [...]

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If no arena is built, NBA has buyback option on Bucks, according to report

If no arena is built, NBA has buyback option on Bucks, according to report

| April 22, 2014 | 4 Replies

ShareAccording to a report by ESPN, the NBA has a buyback provision written into the sale contract of the Milwaukee Bucks that will allow the NBA to buy back the team if an arena deal is not reached by November 2017. Last week, Wesley Edens and Marc Lasry reached an agreement to acquire the team from [...]

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Wesley Edens and Marc Lasry purchase Bucks, donate to new arena

Wesley Edens and Marc Lasry purchase Bucks, donate to new arena

| April 16, 2014 | 6 Replies

Share“Well I wasn’t going to live forever. I’ve approached a time in my life when I have had to think about to think about, ‘How do we approach the idea of succession?” And then, that was brought to a head by the need for a new building and the fact that that’s a project over [...]

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Stein: Wesley Edens & Marc Lasry will purchase Milwaukee Bucks for $550 milllion

Stein: Wesley Edens & Marc Lasry will purchase Milwaukee Bucks for $550 milllion

| April 16, 2014 | 12 Replies

ShareAccording 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 [...]

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Billionaires Marc Lasry and Wesley Edens were close to buying Bucks, according to report

Billionaires Marc Lasry and Wesley Edens were close to buying Bucks, according to report

| April 11, 2014 | 3 Replies

ShareAccording Bill Simmons of Grantland, Herb Kohl nearly agreed to sell the team to Marc Lasry and Wesley Edens. As I tweeted last weekend, the Seattle guys (Steve Ballmer and Chris Hansen) aren’t getting the team — even though they were willing to go higher than anyone else, they dropped out because Herb Kohl (the longtime Bucks [...]

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