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 billion valuation, sources told TimBontemps.
Jimmy and Dee Haslam are making their latest entry into the sports ownership realm with the Bucks. They purchased the Browns from Randy Lerner for a little over a billion dollars in 2012, and also bought the Columbus Crew MLS franchise in 2019. It was also in 2014 that Lasry bought the Bucks, alongside fellow New York hedge fund financier Wes Edens, for $550 million from longtime U.S. Senator Herb Kohl.
Lasry and Edens also spearheaded the building of Fiserv Forum, the downtown arena the Bucks play in, which opened in 2018, along with the surrounding Deer District. Lasry also plans to retain downtown Milwaukee real estate holdings after the sale, sources said. Milwaukee has also been willing to push well into the luxury tax in recent seasons to maintain a championship-caliber roster. The Bucks are projected to pay more than $70 million in luxury taxes this season, per ESPN's Bobby Marks, after adding
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