Marc Lasry completes $3.5 billion Bucks sale to Haslam Sports Group / News - Basketnews.com

Bucks co-owner Marc Lasry is selling his stake in the team to Cleveland Browns owner Jimmy Haslam and Haslam Sports Group for a $3.5 billion valuation. Lasry owned about 25% of the Bucks and was a primary governor.

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Milwaukee Bucks co-owner Marc Lasry is completing the sale of his Bucks stake to Cleveland Browns owner Jimmy Haslam and Haslam Sports Group for a $3.5 billion valuation on Friday, according to The Athletic's Shams Charania and Eric Nehm.

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Via Sportico, Lasry owned about 25% of the Bucks. He was also a primary Bucks governor.

Haslam will join the Bucks' ownership group with current co-owner Wes Edens.

Edens and Lasry bought the Bucks from Herb Kohl in 2014 for $550 million.

The $3.5 billion valuation is the second-highest for an NBA team ever, trailing only the $4 billion Mat Ishbia purchased the Phoenix Suns, and third-highest for an American sports franchise, behind the Denver Broncos sale last year.

Haslam is already the owner of two professional sports franchises, the Cleveland Browns in the NFL and the Columbus Crew in the MLS.

Milwaukee made the 2023 NBA Playoffs as the first seed in Eastern Conference and will meet either Miami Heat or Chicago Bulls in the first-round series.

In 2021, the Bucks became NBA champions.

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