Bucks have been sold for $550 million, are they staying in Milwaukee?

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The Milwaukee Bucks have been sold by owner Herb Kohl for $550 million to investors Wesley Edens and Marc Lasry.

The NBA Board of Governors still have the final say on whether the deal will be approved, the question now on the lips of all Bucks fans is where the future destination of the franchise lies?

The wish of Herb Kohl is for the team to stay in Milwaukee and he is doing everything in his power whilst still making the executive decisions for the franchise to keep them there.

Kohl will pledge $100 million gift for development of a new arena on the premise that the franchise will stay in Milwaukee, it is believed that the two new owners will also trump up $100 million towards the new arena.

Kohl released a statement Wednesday saying: "My priority has always been and will continue to be keeping the Bucks in Milwaukee. This announcement reinforces that Milwaukee is and will continue to be the home of the Bucks. Wes and Marc agree, and they share my commitment to the long-term success of this franchise in Milwaukee."

Still awaiting final confirmation of the completed take over by Edens and Lasry but it seems the future of the Bucks remains in Milwaukee for the meanwhile.

Milwaukee Bucks

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