NBA Haslam's Buy Share of the Bucks

[Voight]

Sources: Bucks worth $3.5B as Haslams buy in

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, sources told ESPN. The team is valued at $3.5 billion, according to sources.

www.espn.com

Bucks co-owner Marc Lasry to reportedly sell his portion of team to Haslam family on $3.5B valuation

The Haslams already own the Cleveland Browns and Columbus Crew, and now they're adding the Milwaukee Bucks.

ca.sports.yahoo.com

The Haslam family's portfolio of sports teams may be getting bigger.

According to reports from ESPN and The Athletic, Milwaukee Bucks co-owner Marc Lasry has agreed to sell his stake in the team to Jimmy and Dee Haslam on a valuation of $3.5 billion.
Lasry, who bought the Bucks in 2014 along with Wes Edens, reportedly has a 25 percent stake in the Bucks. Based on that $3.5 billion valuation, the Haslams will pay approximately $875 million.

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[Unholy Diver]

Lasry bought the Bucks for $550M in 2014, that is a tidy little profit for him after 8-9 years of ownership


I remember how crazy it was when Balmer paid $2B for the clippers, and now teams are going for double that

 

[Voight]

Lasry bought the Bucks for $550M in 2014, that is a tidy little profit for him after 8-9 years of ownership


I remember how crazy it was when Balmer paid $2B for the clippers, and now teams are going for double that

Ballmer overpaid because he REALLY wanted to own a sports team. (Its an exclusive club in NA).

Also minor correction - Lasry owned 25%. So he paid a quarter of $550mil and now sold that for $875mn, still a massive profit.

 

[HisIceness]

The cap going up in 2016 changed everything, players you barely knew started making insane money and franchise values skyrocketed.

Bucks in 2014 IIRC were, not on the verge of relocation like the Sacramento Kings were but also needed a new building and even then Milwaukee wasn't exactly a stable market. Crazy how the development of Giannis changed things.

As for the Haslams, insert finally a winning team owned by Jimmy joke here.

 

[adsfan]

The Milwaukee Journal Sentinel says that Lasry is a 30% owner.
I have seen a lot of disinformation about the Bucks. They don't own their arena, they are the primary tenant.
Lasry is not the sole owner and he isn't getting $3.5B himself, which I saw yesterday online.

I am not a Bucks fan because their 3 owners (now 4 with Fascitelli) ignored the Admirals owner in discussions about Fiserv Forum. That is why the Admirals moved out a year early from the Bradley Center. The Ads previous owner built and paid $91M for the Bradley Center. It is a vacant lot at the moment. (A hotel was supposed to be built on the site. Now it looks like a pair of auditoriums will be built by the Bucks owners.) Lasry, Edens and the third guy, Dinan, each paid $50M for Firserv Forum. Herb Kohl, the previous owner of the Bucks paid $100M on the condition that the team stayed in Milwaukee. That was $250M out of a total of $525M. The city, county and state together paid $250M. The extra $25M was a cost overrun that was paid for by the Bucks, IIRC.

My daughter has gone to some Bucks games, but she is swearing them off due to the Haslam's. She doesn't even like the brother who is buying into the Predators. He is a former Governor of Tennessee. At least he never hired a serial rapist as a quarterback for the Cleveland Browns!

BTW, Marc Lasry's son ran in the primary for US Senator in '22. I think his political career is over in Wisconsin.
I am starting to hear a lot of backlash about the Haslam's as the Bucks owners. Giannis has a squeaky clean image and reputation; quite the opposite of the Haslam family.

 

[Voight]

The cap going up in 2016 changed everything, players you barely knew started making insane money and franchise values skyrocketed.

Bucks in 2014 IIRC were, not on the verge of relocation like the Sacramento Kings were but also needed a new building and even then Milwaukee wasn't exactly a stable market. Crazy how the development of Giannis changed things.

As for the Haslams, insert finally a winning team owned by Jimmy joke here.

Herb Kohl had to commit $100 million towards the new arena after he sold the team, so you are spot on. & yea its ironic, the Bucks were more or less an irrelevant team in a somewhat obscure market for years and still would be if it wasn't for Giannis.

Also... not to be a buzz kill but the Haslam owned Columbus Crew won the MLS title in 2020

 

[Canes]

Herb Kohl had to commit $100 million towards the new arena after he sold the team, so you are spot on. & yea its ironic, the Bucks were more or less an irrelevant team in a somewhat obscure market for years and still would be if it wasn't for Giannis.

Also... not to be a buzz kill but the Haslam owned Columbus Crew won the MLS title in 2020

Arthur Blank won the MLS title his first year as a MLS owner.

So in other words, RIP Bucks.

 

[DuklaNation]

$875 from $550 in 2014 is about a 6% ROI. This obviously excludes A LOT in calculations but just the public info is discussed here. A solid return in this segment. But nothing outrageous as many in sports media tout AND what fans implicitly assume. Take note, other investment funds EASILY beat this return and not close either. For anyone criticizing owners including players, its not always what you think. But Wisconsin isn't the ideal example either.