Reports: Cleveland Browns owner buying ownership stake in the Milwaukee Bucks
Lakeland Animal Shelter offering limited-time discounted dog...
Host a budget-friendly March Madness feast with tips from Famous...
Elevate confidence this spring with 5 expert-recommended strategies
First spring snow possible Wednesday night with some rain
Confusion over wording of ballot questions as both sides make...
MPS offers revisions to bullying policy after 2nd grader’s...
’Waiting with open arms’: MFD, local union prepare to welcome...
15-year-old boy killed, 5 women hurt in Milwaukee mass shooting
’We are as hot a zone in the U.S. as any other state’: Experts...
DEA, local officials sound alarm about xylazine
Early voting begins in Wisconsin for spring election
’Restore Roe’ bill introduced by Democrats would overturn...
MILWAUKEE (CBS 58) - One of the majority owners of the Milwaukee Bucks has reportedly agreed to sell his share of the NBA franchise, according to multiple sources.
Shams Charania of The Athletic, as well as Tim Bontemps of ESPN, reported on Monday, Feb. 27 that Cleveland Browns owner Jimmy and Dee Haslam and Haslam Sports Group are set to buy Marc Lasry's ownership stake in the Bucks. The Haslams also own the MLS' Columbus Crew.
The deal is reportedly based on a valuation for the team at $3.5 billion meaning the Haslams likely paid a little less than $1 billion for their share though details have not been released. The new co-owners now need to be vetted by the NBA before a vote will approve or reject the sale.
Lasry and Wes Edens originally bought the Bucks from Herb Kohl for $550 million in 2014. There are no reports of Edens looking to sell his stake of the team.
Stay with CBS 58 for more information as it becomes available.