Bucks

2023 - 2 - 26

Post cover — Image courtesy of "The New York Times"

Cleveland Browns Owners Agree to Buy a Share of the N.B.A.'s Bucks (The New York Times)

Marc Lasry, co-owner of the Milwaukee Bucks, has reached a deal to sell his share to Jimmy and Dee Haslam.

The agreement between Lasry and the Haslams comes two months after Mat Ishbia reached an agreement to purchase a majority share of the Phoenix Suns. and the N.F.L. In addition to the Browns, the Haslams also own the Columbus Crew in Major League Soccer. Sarver decided to sell the team under pressure after an N.B.A. The Haslams have had less success in the N.F.L. The Haslams’ deal to purchase a share of the Bucks would expand their sports holdings into a third American sports league. Once the league has approved a buyer, the board’s vote is considered a formality. He and Edens alternate in the role, and the Haslams will have the same arrangement within the ownership group, the person familiar with the deal said. Spokesmen for the Browns and the Bucks declined to comment. He led the Bucks to an N.B.A. In 2022, the Haslams traded for quarterback Deshaun Watson and awarded him a fully guaranteed five-year, $230 million contract after more than two dozen women accused Watson of sexual misconduct during massage appointments. Lasry is currently the team’s governor, which is the top decision-making position in an N.B.A.

Sources - Lasry agrees to sell his stake in Bucks to Haslams for $3.5B (ESPN)

Milwaukee Bucks co-owner Marc Lasry has reached an agreement to sell his portion of the Bucks to Cleveland Browns owners Jimmy and Dee Haslam for a $3.5 ...

Only the [Golden State Warriors](/nba/team/_/name/gs/golden-state-warriors) and the Clippers are slated to pay more. [Brooklyn Nets](/nba/team/_/name/bkn/brooklyn-nets) for $2.3 billion in 2019. The Bucks next play Tuesday night in Brooklyn against the Nets. [Phoenix Suns](/nba/team/_/name/phx/phoenix-suns) by Mat Ishbia from Robert Sarver that was completed earlier this month. The Bucks are projected to pay more than $70 million in luxury taxes this season, per ESPN's Bobby Marks, after adding If completed, it would be the second-highest valuation ever for an NBA team, being surpassed only by the $4 billion purchase of the

Billionaire Lasry Reportedly Sells Stake In NBA's Bucks To Haslam (Forbes)

The deal reportedly values the Bucks at $3.5 billion—the third-highest price for an American sports team ever.

Assuming his stake in the team was in fact 25%, Lasry purchased his stake in 2014 for roughly $138 million and sold it off to the Haslams for $875 million. [Jimmy Haslam](https://www.forbes.com/profile/jimmy-haslam/?sh=48945cd728f2), the patriarch of the Haslam family who built their fortune via its truck stop chain Pilot, is the 563rd-wealthiest person in the world with a $4.8 billion fortune. [Lasry](https://www.forbes.com/profile/marc-lasry/?sh=38b8068276a0), the cofounder and CEO of the Avenue Capital Group investment firm, is worth $1.8 billion according to our latest calculations. That’s Lasry’s presumed return on his investment in the Bucks before taxes. [$4.65 billion](https://www.forbes.com/sites/mikeozanian/2022/08/09/buyers-including-one-of-the-worlds-richest-men-take-on-39-billion-in-debt-to-purchase-the-denver-broncos/?sh=c27dbad11ba9) shelled out for the NFL’s Denver Broncos last year and the [$4 billion](https://www.forbes.com/sites/mikeozanian/2022/12/20/ishbia-brothers-buying-phoenix-suns-for-4-billion/?sh=2b37a2e6373b) paid for a majority stake in the NBA’s Phoenix Suns earlier this year. [several](https://www.espn.com/nba/story/_/id/35746705/sources-marc-lasry-agrees-sell-bucks-haslams-35b) [outlets](https://www.sportico.com/business/team-sales/2023/milwaukee-bucks-marc-lasry-jimmy-dee-haslam-1234710825/) [reported](https://theathletic.com/4256074/2023/02/27/marc-lasry-sell-stake-jimmy-haslam-bucks/) Monday morning, at a valuation that’s among the richest in American team sports history.

Haslam Sports Group acquires $3.5-billion ownership stake in ... (Yahoo Sports)

Cleveland Browns owner Jimmy Haslam has bought his way into the NBA. Milwaukee Bucks co-owner Marc Lasry reportedly has reached an agreement to sell his ...

14 Numbers To Know For Milwaukee Bucks 14-Game Win Streak (Forbes)

The Milwaukee Bucks have ripped off a season-high 14-game win streak. Here are 14 stats to know about their amazing run.

Offensively, the Bucks have picked up their pace and are pushing the ball more than ever. The Bucks have proven that mantra and are out to prove it again. Their 106 defensive rating is the second-best mark during this streak. The Bucks have struggled with turnovers all season long, coughing the rock up on 15.1 percent of their possessions before this stretch started. Boston has the highest net rating for the entire season at 6.2 with the Bucks coming in at sixth with a 3.5 rating. It’s not just the three-point line the Bucks are locking down, but the entire court. They are back to dominating, allowing opponents to only make 32.4 percent of their three-point attempts—the second-best percentage over the last 14 games. For the advanced stats nerds, the Bucks net rating during this stretch is 11.4. When the Bucks started this run on January 23rd, they were 29-17 and tied for third place in the Eastern Conference with the Nets. Portis (15.3), Brook Lopez (15.2), Middleton (14.7), Grayson Allen (10.1), Jevon Carter (8.7), Connaughton (8.7) and Crowder (8.0) are the others. Obviously, that’s the number of games the Bucks have lost over their last 14 contests, but it represents more than that. Their are eight players averaging a least eight points per game during this streak with Antetokounmpo (31.9 points per game) and Jrue Holiday (20.3) leading the charge.

Bucks co-owner Marc Lasry agrees to sell his team stake to Browns ... (The Athletic)

Jimmy Haslam will join the Bucks' ownership group with current co-owner Wes Edens following a months-long process, per sources.

[NFL](https://theathletic.com/nfl/) and the Columbus Crew in the [MLS](https://theathletic.com/football/mls/). Since taking over the franchise midway through the 2012 season, Haslam has watched the Browns compile a 55-113-1 record and make just one playoff appearance, in 2020. Key to that title was an offseason trade by GM Jon Horst that brought Jrue Holiday to the Bucks to form a big three with Antetokounmpo and Khris Middleton. After three seasons of consistent success, the Bucks won the 2021 Under Lasry’s tenure, the Bucks fulfilled their promise of a new arena. Edens and Lasry bought the Bucks from Herb Kohl in 2014 for $550 million.

Bucks co-owner will sell stake to Browns owners for $3.5 billion ... (The Washington Post)

The $3.5 billion price is the second highest for an NBA team, after the Phoenix Suns sold for $4 billion this month.

Before the Suns deal, the record price was the $2.3 billion Joe Tsai paid for the Brooklyn Nets in 2019. Lasry and fellow hedge fund billionaire Wesley Edens paid a reported $550 million for the Bucks in 2014, and NBA franchise values have skyrocketed since then. [reports from ESPN](https://www.espn.com/nba/story/_/id/35746705/sources-marc-lasry-agrees-sell-bucks-haslams-35b) and [the Athletic](https://theathletic.com/4256074/2023/02/27/marc-lasry-sell-stake-jimmy-haslam-bucks/).

Haslams acquire 25 percent of the Milwaukee Bucks (NBC Sports)

Eleven years ago, Jimmy Haslam bought the Browns for roughly $1 billion. He's now buying a fourth of the Milwaukee Bucks for nearly as much.

At the new valuation of $3.5 billion, his stake is worth $35 million. The numbers, if accurate, demonstrate the significant ongoing growth in the value of pro sports franchises. The truth seems to be that they’re buying Lasry’s portion at a valuation of $3.5 billion.

Why Stephen A. Smith would take Celtics over Bucks in a playoff ... (Yahoo Sports)

Which team is scarier in a playoff series: The Celtics or Bucks? ESPN's Stephen A. Smith reveals why he's picking Boston.

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