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Milwaukee Bucks sold for $550 million


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Milwaukee Bucks owner Herb Kohl said Wednesday he's selling the NBA team to an ownership group eager to keep the club in Milwaukee. Kohl, a former US Senator, said he had agreed to sell the club to hedge-fund billionaires Wesley Edens and Marc Lasry. The Bucks have struggled on the court this season, and will finish the 2013-14 campaign on Wednesday with the worst record in the league. But at least their new owners won't be taking them to a more lucrative market, since Kohl was insistent that he wanted them to stay in Milwaukee.

 

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