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Source: Sale of Bucks ‘moving quickly’

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Updated 11 months ago on
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A source with knowledge of the sale process said Monday the sale of the Milwaukee Bucks to New York investors Marc Lasry and Wesley Edens “is moving quickly.”

“It’s possible there will be news later this week,” the source said.

Former senator Herb Kohl is selling the team he has owned since 1985 to Lasry and Edens for $550 million, which includes assumed debt. In addition, Lasry and Edens have committed $100 million toward the cost of a new arena, as has Kohl.

via Don Walker of the Journal Sentinel

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