Milwaukee Bucks owner, Herb Kohl, agrees to sale

Published Add your comment

Football News

The Milwaukee Bucks are set to announce that their long time owner, Herb Kohl, has agreed to sell the franchise, ESPN is reporting.

Kohl is believed to have brokered a deal which will see billionaires Wesley Edens and Mark Lasry purchase the team for $500 million according to sources that have been involved in the deal.

Kohl has been the owner of the under-performing Bucks since 1985, and famously nearly sold the team to NBA legend Michael Jordan back in 2003 before deciding to retain ownership.

But the U.S. senator seems to have finally decided to part with the franchise with the Bucks set to confirm the deal at an afternoon news conference today.

While changes of ownership always bring the inevitable questions of location switches, it doesn't look like Milwaukee fans will have to worry with Kohl having made keeping the team in the city a condition of the sale.

What do you think Bucks fans? Is this a positive mood for the franchise?

Milwaukee Bucks

Article Comments

Read more

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport - NBA Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again