Milwaukee Bucks: 30 Most Significant Moments In Franchise History
By Adam McGee
Jul 2, 2014; Milwaukee, WI, USA; Milwaukee Bucks co-owner Marc Lasry (left) as he speaks to the press as partner Wesley Edens listens during a news conference featuring new head coach Jason Kidd at the BMO Harris Bradley Center. Mandatory Credit: Mary Langenfeld-USA TODAY Sports
12. Herb Kohl sells to Marc Lasry and Wes Edens
Over a decade after he considered selling the franchise to Michael Jordan, it was finally time for Herb Kohl to move on. The team’s role in the community was always of the utmost importance to Kohl, so he ensured that in selling the team that it still ended up in good hands.
Manhattan hedge fund managers Marc Lasry and Wes Edens purchased the team for $550 million from Kohl, having convinced the former state senator that they would work to keep the team in Milwaukee and also bring success to the Bucks.
To date the ownership can’t be accused of having done anything to break that promise. Kohl made a sizeable profit on his original $18 million investment, but showed his continued good will by donating $100 million towards the construction of a new Bucks arena as well as looking after long-term Bucks employees. A good move for all parties involved.
Next: 11. Ray Traded To Seattle