• Loading stock data...
Thursday, November 14, 2024

Giannis Purchases Minority Stake in Milwaukee Brewers

  • Bucks star Giannis Antetokounmpo is buying a minority stake in the Milwaukee Brewers.
  • The NBA champion and MVP is on a $228 million contract.
Jeff Hanisch-USA TODAY Sports/Design: Alex Brooks

The Milwaukee Brewers are adding an MVP: Milwaukee Bucks star Giannis Antetokounmpo is buying an ownership stake in the team.

The size of the stake has not been disclosed at this time, but initial reports described it as “small.”

In a similar move, NFL MVP and champion Patrick Mahomes became a part-owner of the Kansas City Royals last July, just months after winning a Super Bowl with the Kansas City Chiefs.

Antetokounmpo bought into sports drink maker Ready Nutrition last year as an angel investor.

  • The Brewers rank 24th out of 30th among MLB teams with an estimated value of $1.2 billion, per Forbes.
  • Three MLB teams have been sold since 2017: The Miami Marlins for $1.3 billion to Bruce Sherman in 2017, the Kansas City Royals to John Sherman for $1 billion in 2019, and the New York Mets to Steve Cohen for $2.5 billion last year.

The move further cements the centerpiece of the reigning NBA champions in Milwaukee: Antetokounmpo just finished the first season of a five-year deal worth $228 million.

That sum happens to be just slightly more than the estimated $223 million that current Brewers’ owner Mark Attanasio and his ownership group purchased the team for in 2005.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Are NBA, TNT Sports Negotiating Settlement of Lawsuit?

Sources said a settlement that precludes a lengthy trial makes sense for both sides.

NBA Cup Courts Receive Mixed Reviews in Year 2 Debut

All 30 teams have special courts for the tournament games.
Bronny James

Bronny James Won’t Play G League Road Games

G League players travel on commercial airlines.
Nov 8, 2024; Minneapolis, Minnesota, USA; Portland Trail Blazers guard Anfernee Simons (1) works around Minnesota Timberwolves guard Donte DiVincenzo (0) in the third quarter at Target Center.

Trail Blazers Troll Fan With Gambling Addiction Helpline

The official account suggested that a complaining fan on X/Twitter should call 1-800-GAMBLER.
podcast thumbnail mobile
Front Office Sports Today

Will Drew Brees Return to Broadcasting?

0:00

Featured Today

Former President Donald Trump waves to the crowd as he exits the putting green with his aide Walt Nauta, left, during the final round of the LIV Golf Bedminster golf tournament at Trump National Bedminster on Sunday, Aug. 13, 2023.
opinion

Trump Win Puts Sports Back in the White House

With Trump back in the White House, sports get more political again.
Members of the NY Giants run onto the field to start the game between the New York Giants and the Washington Commanders at MetLife Stadium in East Rutherford on Sunday, Nov. 3, 2024.
November 8, 2024

The NFL Is Becoming the League With No Borders

Where will the NFL go next? International expansion will only get bigger.
November 5, 2024

NFL Center Connor McGovern Is the Heir to a Potato Empire

The NFL vet’s family provides potatoes for McDonald’s, Wendy’s, and others.
Vanderbilt Commodores fans head to the south end zone as the goal post is taken down by exuberant fans after beating No. 1 Alabama 40-35 at Vanderbilt Stadium in Nashville, Tenn., Saturday, Oct. 5, 2024.
opinion
November 2, 2024

Something New in College Football This Year: Parity

Upsets, surprises. CFB is more fun on the field than the NFL.
Despondent Giants quarterback Daniel Jones.

The $23 Million Reason a Daniel Jones Benching Is Looming

Injury guarantees have come into play for several quarterbacks in recent years.
November 10, 2024

Why 23-Year-Old Phenom Roki Sasaki Will Be MLB’s Biggest Bargain

The star pitcher’s youth and talent make him highly coveted by all 30 teams.
Nick Bosa
November 12, 2024

NFL Waited for Trump Win to Fine Nick Bosa for MAGA Hat

The league usually issues such fines quickly, but waited weeks for Bosa.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
November 7, 2024

NWSL Signs First College Player Since Abolishing Draft

The new era of true free agency in the NWSL has arrived.
November 7, 2024

Raygun’s Viral Olympic Competition Will Be Her Last

She said the “level of scrutiny” will be higher since the Games.
Charles Leclerc
November 7, 2024

F1 Is at War With Its Drivers Over Swearing: ‘Our Members Are..

“Our members are adults,” the drivers said in a statement.
Jan 22, 2024; Philadelphia, Pennsylvania, USA; Philadelphia 76ers center Joel Embiid (21) looks on after scoring during the fourth quarter against the San Antonio Spurs at Wells Fargo Center.
November 5, 2024

Joel Embiid Suspended Three Games for Shoving Journalist

The columnist wrote about Embiid’s son and late brother.