Milwaukee Bucks Sold - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

Milwaukee Bucks Sold

Former Bucks majority owner Herb Kohl Former Bucks majority owner Herb Kohl
New Bucks co-owner Wesley Edens New Bucks co-owner Wesley Edens

Milwaukee (WQOW) --  The Bucks close out their season at home Wednesday night, but there's much bigger news coming out of the Bradley Center, as owner Herb Kohl makes the sale of the team official.

Kohl is selling the Bucks franchise to New York investment executives Marc Lasry and Wesley Edens.  The sale was contingent on the new owners keeping the team in Milwaukee, and working toward getting a new arena built.

"As you know, I was born and raised in this city, and have lived here all my life," Kohl says, "being part of the effort to bring the NBA franchise here originally, and then keeping it here, has been a big part of my adult life."

"As the senator said, this is a new stage for the Bucks" Edens says, "it's a new stage for the arena and the facility that we expect to be building here."

The Bucks have called the Bradley Center home since 1988.

MILWAUKEE (AP) -- Bucks owner Herb Kohl has reached a deal to sell the franchise to New York investment firm executives Marc Lasry and Wesley Edens.
   Kohl announced the deal Wednesday at the BMO Harris Bradley Center hours before the team was to play its final game of a dismal season. With the worst record in the NBA, Milwaukee is in position for a high draft pick.
   Kohl is a former U.S. senator who has owned the team since 1985. Efforts to find new investors ramped up this year.
   Kohl has made it a priority to find owners or investors who will keep the franchise in Milwaukee. He's also spoken for years about the need to upgrade or replace the Bradley Center, the team's downtown home which opened in 1988.


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