The owners of the Cleveland Browns are looking to buy a minority stake in the Milwaukee Bucks, multiple media outlets reported Friday.
Haslam Sports Group, headed by Dee and Jimmy Haslam, reportedly are in discussions to buy Marc Lasry’s 25 percent share of the Bucks.
Wes Edens and Lasry teamed up to purchase the Bucks in 2014 from ex-U.S. Sen. Herb Kohl for $550 million. Sportico currently values the Bucks at $2.43 billion, placing the team right in the middle of the NBA’s 30 franchises.
Haslam Sports Group already owns the Browns, a club it bought for $1.05 billion in 2012, and Major League Soccer’s Columbus Crew, a team it purchased in 2019 for a reported $150 million.
The Haslam family made an earlier unsuccessful bid to buy the Minnesota Timberwolves.
Ex-Tennessee Gov. Bill Haslam, the brother of Jimmy Haslam, bought the Nashville Predators earlier this year.
Jimmy Haslam is the chairman of the board of the Pilot Flying J truck stop company.
Entering Friday’s games, the Bucks (38-17) owned the second-best record in the NBA behind the Boston Celtics (39-16).
The Browns have made the NFL playoffs just once during the Haslams’ decade as owners, reaching the divisional round after the 2020 season.
–Field Level Media
