Billionaire Lasry Reportedly Sells Stake In NBA’s Bucks To Haslam (2024)

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Billionaire Lasry Reportedly Sells Stake In NBA’s Bucks To Haslam (2024)

FAQs

Billionaire Lasry Reportedly Sells Stake In NBA’s Bucks To Haslam? ›

Milwaukee Bucks co-owner Marc Lasry sold his 25 percent team ownership stake to Cleveland Browns owner Jimmy Haslam and Haslam Sports Group, the team announced Friday. Sources briefed on the discussions told The Athletic the deal carried a valuation of $3.5 billion.

How much did Marc Lasry sell the Bucks for? ›

Milwaukee Bucks co-owner Marc Lasry sold his 25 percent team ownership stake to Cleveland Browns owner Jimmy Haslam and Haslam Sports Group, the team announced Friday. Sources briefed on the discussions told The Athletic the deal carried a valuation of $3.5 billion.

Where did Lasry get his money? ›

In 1989, Lasry and his sister founded the firm Amroc Investments with $100 million in seed money from various investors. Amroc purchased both trade claims and bank debt held by vendors of bankrupt and/or distressed companies.

Did Wes Edens sell the Bucks? ›

But Edens and Lasry remained the principal owners until Lasry sold his 25% share to the Haslam Sports Group in April 2023. The $800 million price tag of that transaction gave the Bucks a valuation of $3.2 billion.

Who owns Haslam Sports Group? ›

Dee and Jimmy Haslam, along with Whitney and JW Johnson, founded Haslam Sports Group in 2020.

How much is Marc Lasry worth? ›

Who owns majority of Bucks? ›

Milwaukee Bucks
OwnershipWes Edens, Jimmy Haslam, Jamie Dinan, Mike Fascitelli
Affiliation(s)Wisconsin Herd
Championships2 (1971, 2021)
Conference titles3 (1971, 1974, 2021)
19 more rows

What is Wes Edens net worth? ›

Who owns the Bucks now? ›

Bucks owner Wes Edens said that the experience of owning the team since 2014 has "surpassed his admittedly high expectations," according to Jim Owczarski of the MILWAUKEE JOURNAL SENTINEL.

How much did Herb Kohl sell the Bucks for? ›

In 2013, Kohl began to bring in new partners who were committed to keeping the team in Milwaukee. Kohl agreed to sell the Bucks to New York–based billionaires Wes Edens and Marc Lasry for $550 million on April 16, 2014.

What is the Haslam controversy? ›

DOVER, Del. — Warren Buffett's Berkshire Hathaway will not be allowed to use allegations that billionaire Jimmy Haslam tried to bribe employees at the Pilot truck stop chain to inflate the company's value as Berkshire defends itself in a dispute over the company's accounting practices, a Delaware judge said Wednesday.

How much is Bill Haslam worth? ›

What is the religion of the Haslam family? ›

Personal life. Haslam met his wife, Crissy Garrett, at Emory University and they have been married since 1981; with one son and two daughters and eight grandchildren. Haslam is a Presbyterian, and is a longtime member of Cedar Springs Presbyterian Church, an Evangelical Presbyterian Church congregation in Knoxville.

How much did the haslams buy the Bucks for? ›

The Haslam Sports Group has closed on its purchase of Marc Lasry's stake in the Milwaukee Bucks with a deal that values the NBA team at roughly $3.2 billion, according to someone with direct knowledge of the agreement. Dee and Jimmy Haslam, owners of the NFL's Cleveland Browns, now own about 25% of the Bucks.

How much is the Milwaukee Bucks franchise worth? ›

The deal valued the Bucks at $3.2 billion. The construct of the deal is highly unusual. Wes Edens, the Bucks co-owner, would control the team for five years, after which the Haslams would run the Bucks for five years.

How much would it cost to buy the Milwaukee Bucks? ›

In 2023, the franchise value of the Milwaukee Bucks rose to 3.2 billion U.S. dollars. This denoted an increase of 39 percent over the previous year, when the National Basketball Association franchise had an estimated value of 2.3 billion U.S. dollars.

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