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NBA approves sale of Bucks
Alan is an expert gambling writer who works as one of the chief editors for Basketball Insiders. He has been covering online gambling and sports betting for over 8 years, having written for the likes of Sportlens, Compare.bet, The Sports Daily, 90min, and TopRatedCasinos.co.uk. His particular specialisms include US online casinos and gambling regulations, and soccer and basketball betting. Based in London, Alan holds an MA in English Literature and is a passionate supporter of Chelsea FC.
All posts by Alan DraperUpdated9 hours ago on April 19, 2024
The NBA Board of Governors unanimously approved the $550 million sale of the Milwaukee Bucks to hedge fund billionaires Wesley Edens and Marc Lasry, the NBA announced Thursday.
“We are pleased that Wes Edens and Marc Lasry have been approved as the new owners of the Milwaukee Bucks,” said NBA commissioner Adam Silver. “The Bucks and their fans will benefit greatly from their vast business experience, energy and strong commitment to Milwaukee.
“The transaction is expected to close shortly.”
Edens and Lasry are expected to take control of the team prior to the draft lottery on Tuesday, with the Bucks having a 25 percent chance at the top pick.
The new ownership group will keep the team in Milwaukee thanks to a new arena that is in the works.
“I would like to thank Senator Kohl again for his unprecedented and historic financial gift toward the construction of a new Milwaukee arena and for his outstanding service to the league and his community over his nearly 30-year tenure,” Silver said.
