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Cleveland Browns owner buying 25% ownership stake in the Milwaukee Bucks
Posted on 2/27/23 at 10:19 am
Posted on 2/27/23 at 10:19 am
quote:
Milwaukee Bucks co-owner Marc Lasry has reached an agreement to sell his portion of the Bucks to Cleveland Browns owners Jimmy and Dee Haslam for a $3.5 billion valuation, sources told ESPN. The deal, which sources said is still pending league approval, would be the second-highest valuation ever for an NBA team, only being surpassed by the $4 billion purchase of the Phoenix Suns by Mat Ishbia from Robert Sarver that was completed earlier this month. It would also be the third highest for any American professional sports team, also trailing the $4.65 billion the Denver Broncos went for last June.
LINK
This post was edited on 2/27/23 at 11:02 am
7
Posted on 2/27/23 at 10:25 am to 805tiger
When you own a Pro Sports franchise that can't bring home a World Championship Ring, buy one that already has!
Posted on 2/27/23 at 10:36 am to 805tiger
A Milwaukee sports team worth 3.5 billion is silly
Posted on 2/27/23 at 10:36 am to 805tiger
Bucks fans should be very nervous. Haslam will either ruin the franchise, move the Bucks to another city, or both.
Posted on 2/27/23 at 10:36 am to 805tiger
Ooof. Have fun with this one, Milwaukee.
What was the commonality between the 0-16 Browns, the hilarious 2018 Tennessee coaching search, and the Pilot Flying J rebate scam?
What was the commonality between the 0-16 Browns, the hilarious 2018 Tennessee coaching search, and the Pilot Flying J rebate scam?
Posted on 2/27/23 at 10:52 am to 805tiger
3.5 bill for what percent?
Posted on 2/27/23 at 10:56 am to roguetiger15
quote:
3.5 bill for what percent?
That was the full valuation used.
Posted on 2/27/23 at 10:59 am to 805tiger
I was watching that game and saw Jimmy sitting courtside. Wondered why he would be catching a Bucks/Suns game 
Posted on 2/27/23 at 11:00 am to roguetiger15
quote:
3.5 bill for what percent?
The way many articles have worded the deal makes it seem like the Haslams spent $3.5 billion for their stake. I did some more research and it looks like 25% stake in ownership and the Bucks as a whole is worth $3.5 billion. I’ll fix the title…
Posted on 2/27/23 at 11:12 am to 805tiger
The sale of the pelicans by the nba to Benson really was the steal of the century in the sports world. Think he bought the team for $300,000,000. A 10x return is quite the home run.
Posted on 2/27/23 at 11:21 am to KosmoCramer
gotcha, i was about to say
Posted on 2/27/23 at 12:08 pm to 805tiger
Haslam is completely incompetent. Good luck Bucks fans.
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