Report: Bucks co-owner Lasry in talks to sell his share of ownership
Posted: Feb 10, 2023 2:47 PM CDT
MILWAUKEE (CBS 58) - One of the Milwaukee Bucks majority owners is reportedly in talks to sell his share of the franchise.
Shams Charania of the Athletic reports Marc Lasry is in 'serious talks' with Cleveland Browns owner Jimmy Haslam about selling Lasry's 25% ownership share. Lasry, along with Wes Edens and Jamie Dinan, purchased the Bucks in 2014 for $550 million. Forbes lists the team's current value at $2.3 billion.
Lasry has been the most visible of the Bucks' majority owners, popping up courtside at games and participating in a few NBA All-Star celebrity games. Lasry is a founder of Avenue Capital Group, a private equity firm which handles $10 billion in assets.
Haslam purchased the Cleveland Browns in 2012 for $1 billion