• Loading stock data...
Friday, July 12, 2024

Haslam Sports Group Reportedly Considers Stake in Bucks

  • The owners of the Cleveland Browns could be set to expand their sports ownership beyond Ohio.
  • Dee and Jimmy Haslam are having conversations about buying a minority stake in the NBA’s Milwaukee Bucks, according to multiple reports.
Haslam Sports Group owners, Dee and Jimmy Haslam.
PHIL MASTURZO / USA TODAY NETWORK

The owners of the Cleveland Browns could be set to expand their sports ownership beyond Ohio.

Dee and Jimmy Haslam are having conversations about buying a minority stake in the NBA’s Milwaukee Bucks, according to multiple reports. 

Business executive Marc Lasry and Fortress Investment Group co-founder Wes Edens currently own the team, which won an NBA championship in 2021.

  • Haslam Sports Group would purchase a quarter of the team from Lasry.
  • Lasry previously considered selling his stake to Mat Ishbia before the latter bought the Suns.
  • But the overall process has been subject to some hesitation — The Athletic reported that Lasry has been mulling over the sale for multiple weeks.

Lasry and Edens originally bought the team in 2014 for around $550 million from former U.S. Senator Herb Kohl, but the Bucks are currently valued at $2.3 billion by Forbes, making them the 15th-most-valuable NBA franchise.

Carmelo Anthony, Former WWE Co-Presidents Launch Sports Fund

The firm hopes to provide between $50-$100 million per investment.
February 13, 2023

A Mixed Track Record

Haslam Sports Group has a so-so resume in the sports ownership space.

The group briefly held a stake in the Pittsburgh Steelers, but sold it in 2012 to buy the Browns for $11 million. The Browns have struggled mightily with the Haslams at the helm.

The group has had more success with its ownership stake in the MLS’ Columbus Crew, which won the MLS Cup in 2020, a year after the Haslams bought the team.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Oct 5, 2023; Landover, Maryland, USA; Washington Commanders owner Josh Harris with fans before the game against the Chicago Bears at FedExField.

Parts of the Commanders’ Past Finding Their Way Into Harris Era

The team is developing plans to honor former logo designer next season.
Tony Romo at the American Century Championship in Lake Tahoe

One of the Hottest Celebrity Wait Lists Is a Golf Tournament

The American Century Championship tees off Friday.

Las Vegas Isn’t Becoming an NBA Destination. It Already Is One

Expansion and the in-season tournament are also drawing the NBA to the city.

‘Where’s truTV?’ March Madness Channel Is Now TNT Sports’ New Star

Warner Bros. Discovery will make its sports emphasis on truTV ‘even more pronounced and consistent.’
podcast thumbnail mobile
Front Office Sports Today

Warner Bros. Discovery Faces Final Decision on NBA Rights

0:00

Featured Today

NFLPA Report Cards Have Become the ‘Talk of the Locker Room’ Across..

NFLPA report cards have become the ‘talk of the locker room.’
July 7, 2024

The New College Sports Insiders Are Graphic Designers

Joe Tipton and Hayes Fawcett have become premier news-breakers on social media.
Oct 27, 2023; Sacramento, California, USA; A general of the Sacramento Kings logo on the court before the game against the Golden State Warriors at Golden 1 Center.
July 6, 2024

How Sports Went From Private Equity Punchline to Coveted Asset Class

Once an industry punchline, sports are now a coveted asset class.
July 2, 2024

Willie Mays’s Humility Was Key to His Genius

Mays took heat from all sides, and handled it his own way.
July 9, 2024

Missouri Steps Up Efforts to Keep Chiefs, Royals From Moving to Kansas

Missouri Gov. Mike Parson is getting personally involved in efforts to retain the two local pro teams.
July 10, 2024

Man United Faces Financial Struggles After Worst Premier League Season

The Premier League club sees its losses soar and revenues fall amid ongoing on-field issues.
Sponsored

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
July 9, 2024

Celtics Owner Outlines Sale Plans and Bidding Process, Eyes Record Price

The team owner has eyes on setting a new sports industry record for a team sale.
July 3, 2024

Another Milestone for NWSL: Angel City FC’s Potential $300M Valuation

Earlier this year, the San Diego Wave sold for $113 million.
Mar 12, 2023; Los Angeles, CA, USA; Willow Bay and Bob Iger arrives at the 95th Academy Awards at the Dolby Theatre at Ovation Hollywood in Los Angeles on Sunday, March 12, 2023.
July 3, 2024

Bob Iger and Willow Bay to Buy Angel City FC: Report

The deal makes the NWSL franchise the most valuable in women’s sports.
July 1, 2024

Celtics’ Sale Listing Sparks Transition Questions: Here’s What We Know

The forthcoming NBA team sale is expected to set a league record, while presenting new questions.