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Former U.S. Senator Herb Kohl was the long-time owner of the team, but on April 16, 2014, a group led by billionaire hedge fund managers Wes Edens and Marc Lasry agreed to purchase a majority interest in the team from Kohl, a sale which was approved by the owners of the NBA and its Board of Governors one month later on May 16. [10]
This article is a list of principal owners of National Basketball Association teams. The NBA requires a change in "controlling ownership" to be approved by the NBA Board of Governors, composed of one representative (Governor) from each team. [1] Toronto Raptors owner Larry Tanenbaum has been Chairman of the NBA Board of Governors since 2017. [2]
He is the co-founder of Fortress Investment Group and founder of New Fortress Energy. [2] Edens is co-owner of the Milwaukee Bucks franchise of the NBA based in Milwaukee, Wisconsin. [3] While Edens was co-owner, the Bucks won the 2021 NBA championship.
Wes Edens was recently asked about a bid that was submitted by part of the Bucks' ownership group to bring a WNBA expansion franchise to Milwaukee. 'It’s an exciting time for the sport.'
Milwaukee Bucks owner Wes Edens reflects on the 10th anniversary of the sale of the team and looks forward to another successful playoff run.
Mandatory Credit: Photo by Str/EPA/Shutterstock (8133689f)Joe Tsai Alibaba Group Vice Chairman Speaks During a Press Conference Ahead of the 2016 Alibaba Group 11 11 Global Shopping Festival in ...
In April 2014, Lasry became co-owner of the NBA's Milwaukee Bucks after purchasing the team from Herb Kohl for $550 million with Wes Edens. [14] Following the 2016 U.S. election, Lasry and the Milwaukee Bucks became one of three NBA teams to openly state they would not be staying at Trump branded hotels when on the road.
Bridgeman sat on a stage next to Bucks co-owner Jimmy Haslam and also a framed replica of Bridgeman's retired No. 2 jersey from his 10 seasons playing with the Bucks from 1975-84 and 1986-87.