Billionaires Wesley Edens and Marc Lasry have apparently purchased the Bucks for 550 mil!
The Herb Kohl era is over! Bucks fans rejoice!
Not sure the "Milwaukee" Bucks fans can rejoice. This sounds like the beginning of the end of an NBA team in Milwaukee. I hope I am wrong about that.
A major condition of Kohl selling the team to them was their desire to keep the team in Milwaukee and build a new stadium.
Really an exciting day for Milwaukee.
Yeah, there's no reason for someone with a billion dollars to have a 500 million dollar investment in the state of Wisconsin. Watch them go to Las Vegas.
I am from Milwaukee and the best thing that could happen to this team is if they do leave, Milwaukee will never win a championship because of how the system is set up. As soon as a player that they draft is able to leave he is out of town. The only way that the Bucks will be able to get and keep a great player is if he is a foreign player, no American born player is going to stay in Milwaukee if he is a superstar. Thats why the Bucks took Giannis ( he could be a great player) because he doesn't know the American society like American born players. Not saying that they were great but, Ray Allen (he's great) wanted out, Brandon Jennings wanted out, Dirk didn't even come nor did Yi whatever his name is (he came but he could of stayed lol). but the point is if they move to Las Vegas or Seattle then the NBA will better off no matter how much Herb Kohl wants them to stay.
This was over a decade ago, but I'm pretty certain Ray Allen did NOT want out. In fact, he was pretty devastated when he was traded. He actually liked it in Milwaukee, and Milwaukee loved him.
They will be replacing the Bradley Center.
Hopefully, J. Parker will declare, and hopefully the Bucks will have extreme interest in him enough to take him at #1, and he'll be the new face of the franchise there. Bucks fans really deserve that after such a long period of drought.
Via twitter, Zach Lowe re-tweeted that new owner group pledged $100M to a new arena in Milwaukee and Senator Kohl has done the same. Who is picking up the rest????????
Most likely the people that always foot the bills for new stadiums...your friends and mine, the tax payers.
Just a guess, but I wouldn't be surprised if the owners are just testing the water to see how much the public is willing to front, and then they'll throw in whatever the rest is.
Also expect that Marquette will invest $50-100 million for this. I'd be very surprised if a new stadium deal doesn't get done.
And with Jabari declaring, Milwaukee is now guaranteed to have a choice of Wiggins, Embiid, Exum, or Jabari. Exciting times to be a Bucks fan.
I hate to say it, but as a neutral fan I'd like to see the Bucks move to Las Vegas or Seattle.
Milwaukee is the poster-child for teams that will always be stuck in mediocrity. It's cold there, it's lame, it's in a small market and the fan-base is pretty average. The previous posters who said stars won't stay there are right. Harsh, but that's how the stars see it.
Compare Brooklyn, New York, L.A., Miami, Chicago, Dallas to Milwaukee. They'll never be competitive against those franchises.
However a Las Vegas team would be worldwide stars of the league and have no competition from other major sports. The team would generate so much money and stars would stick around. Millionaires from China would pay $2000 for courtside seats. Casinos and hotels will entertain high-roller guests in suites.
could bring in a ton of money. I agree, but if the NBA care about its players, no team should go there. The military base there is an example of this. Too many soldiers are gambling their life away. Now add young players with millions, not a good look.
Your concerns are valid tho... I do agree with everything else
Both places are pretty great ideas. To be honest I think Chicago could easily handle another team and also think Louisville could handle a team to add a couple of more places. Regardless I think Vegas would easily be profitable, but I think the NBA and other leagues like having distance from Vegas. The NBA still has a big cloud over it's head and if you watch some of the games you could easily question games being fixed. I think for the time being Seattle is going to be used by other cities as leverage to build new arenas or move. Similiar to what NFL teams do with LA. Not long ago a couple of guys from Seattle were trying to buy the Kings from Seattle and even offered up more money than the current owner.
Random note, this guy is the man! His donation to his alma mater Clark University bought us the science building we have on campus.
Great news for the city of Milwaukee keeping the team there and getting $200 million from the former and new owners for the new Arena. Naming rights and other deals can pull in more money so any cost to the city should not be too great.
If the Bucks can get a decent draft lottery result then they can start to rebuild from here.
But I do feel sorry for places like Seattle which are still looking for a team as unless there is an expansion the chances of another team moving there now seem slim.