Bucks for sale? Mark Lasry in 'serious talks' to sell stake: report
MILWAUKEE - Marc Lasry is "in serious talks" to sell his ownership stake in the Milwaukee Bucks, according to a Friday report from The Athletic.
The Athletic said "league sources" told three different insiders – Shams Sharania, Eric Nehm and Sam Amick – that Jimmy Haslam and his sports group, which owns the Cleveland Browns, are the interested buyer. Lasry's stake is 25%.
Lasry is one of a handful of current owners that rotate "governing" the organization. He and co-owner Wes Edens formed the initial group that purchased the Bucks from former U.S. Sen. Herb Kohl (D-Wisconsin) in 2014. Kohl reached agreement with the new ownership group for about $550 million after they pledged to keep the team in Milwaukee.
The Haslams bought the Browns in 2012, also own the Columbus Crew of Major League Soccer and have been interested in expanding their pro sports portfolio outside Ohio. The Haslams previously approached the Minnesota Timberwolves about buying them.
There is no timeline for an agreement or sale, the person familiar with the negotiations told The Associated Press.
The Associated Press contributed to this report.