News

Bucks owner Herb Kohl reaches deal to sell team

Bucks owner Herb Kohl reaches deal to sell team

Milwaukee Bucks owner Herb Kohl, center, shakes hands with investment firm executives Wesley Edens, right, and Marc Lasry, at a news conference after reaching a deal to sell the franchise Wednesday, April 16, 2014, in Milwaukee. The deal is subject to approval by the NBA and its Board of Governors. Photo: Associated Press/AP Photo/Morry Gash

GENARO C. ARMAS, AP Sports Writer
MILWAUKEE (AP) — Bucks owner Herb Kohl has reached a deal to sell the franchise to New York investment firm executives Marc Lasry and Wesley Edens.

Kohl announced the deal Wednesday at the BMO Harris Bradley Center hours before the team was to play its final game of a dismal season. With the worst record in the NBA, Milwaukee is in position for a high draft pick.

Kohl is a former U.S. senator who has owned the team since 1985. Efforts to find new investors ramped up this year.

Kohl has made it a priority to find owners or investors who will keep the franchise in Milwaukee. He’s also spoken for years about the need to upgrade or replace the Bradley Center, the team’s downtown home which opened in 1988.
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Recent Headlines

in Entertainment

Today in entertainment history: Nov. 24

FILE- This is a 1967 handout image from Parlophone of The British group, The Beatles,. From left, are: Ringo Starr, John Lennon, Paul McCartney; and George Harrison. The woman who as a child was the basis for the Beatles song "Lucy in the Sky with Diamonds" is gravely ill. It was thought by many at the time that the psychedelic song from Sgt. Pepper's Lonely Heart Club Band was a paean to LSD because of the initials in the title, but it was actually based on a drawing that John Lennon's young son Julian brought home from school. He told his father the drawing was of Lucy in the sky with diamonds. Lucy Vodden, now living in Surrey just outside of London _ drifted apart after schoolyard days, but they have gotten back in touch as Lennon has tried to help Vodden cope with Lupus, a life-threatening disease.

A look back at some of Hollywood's most memorable headlines.

in Music

New awards, big performances set for Sunday’s AMAs

taylorAMA

Taylor Swift will kick off the American Music Awards on Sunday by performing her chart-topping single “Blank Space” and will…

in Entertainment

This weekend in entertainment history

elvis

A look at the Hollywood headlines that went down in history.

in Trending, Viral Videos

TODAY’S MUST SEE: Kids react to a realistic Barbie doll

19-overlay3

The Lammily doll wants to show children that average is beautiful.