Jimmy Haslam Buying Shares from Marc Lasry Co-Owner of Milwaukee Bucks
Marc Lasry, the co-owner of the Milwaukee Bucks, has reportedly agreed to sell his 25 percent shares in the NBA team to Jimmy Haslam and Haslam Sports Group for a valuation of $3.5 billion.
This image of Marc Lasry is a video grab. He is owner of Malwaukee Bucks.
Marc Lasry, the co-owner of the Milwaukee Bucks, has reportedly agreed to sell his 25 percent shares in the NBA team to Jimmy Haslam and Haslam Sports Group for a valuation of $3.5 billion.
Haslam is the owner of the Cleveland Browns, an NFL team, and also owns a number of other businesses through his company, Pilot Flying J.
Marc Lasry has co-owned the Wiconsin-based Milwaukee Bucks since 2014, when he and Wes Edens purchased the team for $550 million.
Lasry is also a billionaire hedge fund manager and the co-founder of Avenue Capital Group.
According to the Athletics, the NBA board of governors has approved the sale of Lasry’s stake in the Bucks to Haslam and Haslam Sports Group.
This is a necessary step in any ownership change for an NBA team, as the league must ensure that new owners meet its ownership standards and criteria.
With the completion of the sale, Jimmy Haslam will become a co-owner of the Milwaukee Bucks along with Wes Edens, who will retain his ownership stake in the team.
Edens is a co-founder of Fortress Investment Group, a private equity firm, and has been an owner of the Bucks since 2014, when he and Lasry purchased the team together.
About Milwaukee Bucks
The Milwaukee Bucks are a professional basketball team based in Milwaukee, Wisconsin, that competes in the NBA’s Eastern Conference Central Division.
The team was founded in 1968 as an expansion team, and they have won two NBA championships in their history, in 1971 and 2021.
The Bucks have a storied history, with a number of legendary players have suited up for the team over the years, including Kareem Abdul-Jabbar, Oscar Robertson, and Ray Allen.
In recent years, the Bucks have been one of the most successful teams in the NBA, with a talented roster led by superstar forward Giannis Antetokounmpo.
In 2021, the Bucks won their first NBA championship in 50 years, defeating the Phoenix Suns in the NBA Finals.
Off the court, the Bucks are also known for their commitment to social justice and community engagement.
In the wake of the police shooting of Jacob Blake in Kenosha, Wisconsin in 2020, the team refused to take the court for a playoff game, instead calling for social justice reforms and urging their fans to vote.
The team has also been involved in a number of community initiatives, including programs to support education, health and wellness, and economic development in the Milwaukee area.
In recent years, the Bucks have been one of the most successful teams in the NBA, with a talented roster led by superstar forward Giannis Antetokounmpo.
In recent years, the Bucks have been one of the most successful teams in the NBA, with a talented roster led by superstar forward Giannis Antetokounmpo.
In 2021, the Bucks won their first NBA championship in 50 years, defeating the Phoenix Suns in the NBA Finals. Off the court, the Bucks are also known for their commitment to social justice and community engagement.
In the wake of the police shooting of Jacob Blake in Kenosha, Wisconsin in 2020, the team refused to take the court for a playoff game, instead calling for social justice reforms and urging their fans to vote.
The team has also been involved in a number of community initiatives, including programs to support education, health and wellness, and economic development in the Milwaukee area.
