News broke today that the Bucks’ ownership had officially found a group to purchase the organization. Pending league approval, the ownership of Milwaukee will change hands for the first time since 1985, when Herb Kohl purchased the team from Jim Fitzgerald. Let’s round up the latest news and notes on the Bucks in wake of the sale:
- New owners Wesley Edens and Marc Lasry were one of nine groups bidding for the team, as Steve Greenberg of Allen & Co., the firm overseeing the transfer, told Gery Woelfel of The Journal Times (Twitter link).
- Kohl acknowledged that while there were other good offers on the table, Edens and Lasry were the best fit for the team, reports Charles F. Gardner of the Milwaukee Journal Sentinel (Twitter links).
- A change in ownership will impact the Bucks’ quest for a new arena, and Michael Hunt of the Milwaukee Journal Sentinel looks at what steps ownership will need to take in order to secure a new home court.
Chuck Myron contributed to this post.