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.

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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.