Jimmy and Dee Haslam, owners of Haslam Sports Group, have agreed to buy the 25% of the Milwaukee Bucs onwed by Marc Lasray.
One of the world’s biggest sports empires is looking to flex its muscle.
Jimmy and Dee Haslam, owners of Haslam Sports Group, owners of the Cleveland Browns of the NFL and Columbus Crew of MLS, have agreed to buy the 25% of the Milwaukee Bucks onwed by Marc Lasray. The purchase places an enterprise value on the Bucks of about $3.2 billion, according to people familiar with the deal. Sportco firstBucks games are shown locally on Bally Sports Wisconsin, part of the Diamond Sports Group of cable networks that appearsdue to too much debt. Still, at $3.
The construct of the deal is highly unusual. Specifically, Edens, the Bucks co-owner, would control the team for five years, after which the Haslams would run the Bucks for five years. The only other NBA team with a similar type of rotating control are the Philadelphia 76ers, where Josh Harris and David Blitzer exchange the top seat.
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