Marc Lasry in serious talks to sell stake in Bucks to Browns owner Jimmy Haslam

[MMC]

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[StreetHawk]

Yep. Get new arena to increase team value and then sell for larger profit.

 

[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

Helluva ROI for Lasry.

 

[MMC]

 

[Voight]

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. That's more than the $550 million Lasry and Edens paid to buy the team nine years ago. That's a tidy profit for less than a decade of ownership, and it's been an impressive nine years.