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 This material may not be published, broadcast, rewritten or redistributed.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

11 hours ago in Music

Taylor Swift is laughing all the way to the bank

Singer Taylor Swift performs during her "1989" world tour at MetLife Stadium in East Rutherford, N.J., on Friday, July 10, 2015. (Photo by Evan Agostini/Invision/AP)

The "Shake It Off" star has earned $73.5 million from album sales, streaming and publishing revenue and her 1989 world tour - almost double the fortune amassed by country star Kenny Chesney, who is a distant second.

12 hours ago in Entertainment

‘Oregon Trail,’ ‘Sonic’ join World Video Game Hall of Fame

videogamehall2016AP

Last year, "Super Mario Bros." and "Pong" were among the first inductees to the World Video Game Hall of Fame. The class of 2016 is just as strong.

15 hours ago in Entertainment

Seth MacFarlane returning to Fox with new sci-fi series

sethmacfarlane536713938826

The "Family Guy" star is producing a new series set 300 years in the future.

18 hours ago in Music

Kelly Rowland glad she waited to have children

15-overlay-1

The R&B star is thankful she didn't rush into motherhood because she may never have found her "amazing" husband Tim Witherspoon.

18 hours ago in Music

‘You can’t always get what you want,’ Stones tell Trump

rollingstonesREUTERS

The Rolling Stones told Republican presidential hopeful Donald Trump on Wednesday to stop using the band's music for his campaign after artists such as Adele and R.E.M. made the same request.