Sources: Marc Lasry agrees to sell Bucks to Haslams for $3.5B 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. The Bucks sale is just the latest in a series of escalating prices for NBA teams in recent years. Before Ishbia's purchase, the previous record was Joe Tsai buying the Brooklyn Nets for $2.3 billion in 2019. That was preceded by Tilman Fertitta spending $2.2 billion to land the Houston Rockets in 2017, and Steve Ballmer paying $2 billion to buy the LA Clippers in 2014. https://www.espn.com/nba/story/_/id/35746705/sources-marc-lasry-agrees-sell-bucks-haslams-35b
This is our hope!! tilly will lick his chops at doubling his initial 2B investment … regardless of Patty
I think the 3.5 billion is the valuation that he is buying the 25% of the team at. Which means I believe he is actually paying around 875 million for the 25% ownership. Looks like the entire Bucks franchise sold for $550 million in 2014 which would have put this 25% portion around $137.5 million. That's nearly a 650% return since 2014....assuming I'm reading things correctly.
