Milwaukee Bucks to be sold for $550 million

[Im Still Ballin]

http://www.sbnation.com/nba/2014/4/16/5585132/milwaukee-bucks-sale-ownership-2014

Herb Kohl has agreed to sell his majority stake in the franchise to Wesley Edens and Marc Lasry on the condition that the team remains in Milwaukee.

[Milbuck]

the team remains in Milwaukee.
http://www.somegif.com/gifs/135964206911658131.GIF
:party: :djparty :dancin
http://www.tinygif.com/data/media/12/white_dance_club.gif
:hammertime:
:djparty :banana: :party:
http://images.rapgenius.com/dstpfc2lzycws3hxf0o7j4rx.500x250x12.gif

[veilside23]

come MVP get your hands on it ...

[mr.big35]

what if they change the name

[aboss4real24]

Bring Em to ny

The Queens Bucks

[Im Still Ballin]

what if they change the name

The Milwaukee Knights

Milwaukee Tigers

Milwaukee Titans

Milwaukee Bold Eagles

Milwaukee Giants

Milwaukee Reindeer's

Milwaukee Terminators

Milwaukee Dragons

Milwaukee Magic, then Orlando changes their name to Disneyland

[Milbuck]

The Milwaukee Knights

Milwaukee Titans

Milwaukee Giants
Decent

[kennethgriffin]

there is no way that franchise is worth 500+ mill

[Rose'sACL]

there is no way that franchise is worth 500+ mill
i think they might move it to another city in future if it keeps being in loss. new owners have no state ties. i think they would move the team given that city is not ready to pay for the new arena.

[LbloodOjunkieG]

I hope they keep the name. Bucks is a perfect name for a Wisconsin team.

I haven't had the time to look into the deal, but I'm under the impression part of that 500+ million will be going towards a new stadium so the tax payers don't have to foot the entire bill.

[senelcoolidge]

I hope they get a good owner, one that wants to build a winning franchise.

[CeltsGarlic]

The Milwaukee Knights


Milwaukee Giannis

zz

[KyrieTheFuture]

The Milwaukee Talkies

[CeltsGarlic]

The Milwaukee Sucks

[Jailblazers7]

I hope they keep the name. Bucks is a perfect name for a Wisconsin team.

I haven't had the time to look into the deal, but I'm under the impression part of that 500+ million will be going towards a new stadium so the tax payers don't have to foot the entire bill.

The city will not doubt finance a huge portion of the new stadium. It is a reality of how the major sports operate in US cities and they still have the option of picking up an moving. Eventually they will just play that card until the citizens of Milwaukee put enough pressure on the city to finance a new stadium. Kind of ****ed up that sports owner operate a business where almost all of their capital costs get a government subsidy but that is just the way it works.

[DStebb716]

The city will not doubt finance a huge portion of the new stadium. It is a reality of how the major sports operate in US cities and they still have the option of picking up an moving. Eventually they will just play that card until the citizens of Milwaukee put enough pressure on the city to finance a new stadium. Kind of ****ed up that sports owner operate a business where almost all of their capital costs get a government subsidy but that is just the way it works.

They won't be able to play the relocation card because part of the sale agreement is that the team will stay in Milwaukee.

Also: the idea that part of the $500 mill is for the stadium is false. The money is going to the former owner. Not the new owners. They will have to get public funding and use some of their other money to get a new stadium.

[swagga]

The Milwaukee Sucks
damn, spot on :lol

[Jailblazers7]

They won't be able to play the relocation card because part of the sale agreement is that the team will stay in Milwaukee.

Also: the idea that part of the $500 mill is for the stadium is false. The money is going to the former owner. Not the new owners. They will have to get public funding and use some of their other money to get a new stadium.

Not sure how that part of the agreement will be enforced but you better believe that the league is going to pressure the hell out of Milwaukee to subsidize the building of that stadium. A huge reason that Kings deal got blocked for the Seattle group was because Sacramento offered a $250+ million subsidy to build the arena while the Seattle group was offering to pay for a new stadium themselves. The NBA owners collectively were not willing to have that set as a precedent so they nixed the deal and favored the Sacramento group.

If this sale involves the new management group financing the lion's share of the new stadium, then I bet the deal gets shot down by the league.

[mr.big35]

we need a team in wisconsin. no need to have a nba team in seattle

[Jailblazers7]

we need a team in wisconsin. no need to have a nba team in seattle

Except that Seattle is wealthier, has a rich basketball history, and has a consistent record of developing home grown NBA talent.

[LbloodOjunkieG]

They won't be able to play the relocation card because part of the sale agreement is that the team will stay in Milwaukee.

Also: the idea that part of the $500 mill is for the stadium is false. The money is going to the former owner. Not the new owners. They will have to get public funding and use some of their other money to get a new stadium.

I'm not sure how it all works, but I'm hearing that part of the sale money will be going towards the new stadium. It's believed that Kohl will retain a percentage of the team, so maybe he will be putting forth some of that 550 million towards the stadium? Time will tell.

[Rose'sACL]

The city will not doubt finance a huge portion of the new stadium. It is a reality of how the major sports operate in US cities and they still have the option of picking up an moving. Eventually they will just play that card until the citizens of Milwaukee put enough pressure on the city to finance a new stadium. Kind of ****ed up that sports owner operate a business where almost all of their capital costs get a government subsidy but that is just the way it works.
Citizens of milwaukee don't want to do that and don't even love bucks that much. it is a reality and i would do the same if i lived there and was asked if i wanted the city to pay for at least half the costs for a new arena.

[Rose'sACL]

They won't be able to play the relocation card because part of the sale agreement is that the team will stay in Milwaukee.

Also: the idea that part of the $500 mill is for the stadium is false. The money is going to the former owner. Not the new owners. They will have to get public funding and use some of their other money to get a new stadium.
unless that is only for 3-4 years, league will reject the sale because of the bolded part.

[DStebb716]

unless that is only for 3-4 years, league will reject the sale because of the bolded part.

False.

[Jailblazers7]

unless that is only for 3-4 years, league will reject the sale because of the bolded part.

My guess is that the Bucks are forced to live out the current lease which ends in 2017. That will give Kohl enough time to try to convince the city to put together a subsidy deal and it gives the NBA the option to play the relocation card. If Milwaukee says no, then the Bucks leave.


False.

If you have more info, please provide a link. Otherwise, I think you are just speculating and don't really know anything. There is no way that the NBA locks that team into staying without any flexibility whatsoever. If that is the case, then this deal will get rejected.

[mr.big35]

Except that Seattle is wealthier, has a rich basketball history, and has a consistent record of developing home grown NBA talent.

no they done terrible job of keeping basketball in seattle. most of the people dont even care about basketball in seattle

[hangintheair]

Milwaukee Smartass
Milwaukee Foot in your ass

[QuebecBaller]

The Milwaukee Best

http://www.cattybeverage.com/images/Milwaukees_Best_Logo_Royal_Blue_Shirt.jpg

[kells333]

If i knew thats all it took to buy it. I would have bought the team a long time ago.

[UK2K]

Why the **** would you want the team to stay in Milwaukee?

Nobody wants to play there. You think the Bucks are gonna snag Lebron, Love, Melo, Bosh, Wade, ANYBODY, in free agency?

Move the team to Vegas or Seattle, or if you want to keep it in the east, Cincinnati or Louisville.

[ABfor3]

Milwaukee will continue to suck, nobody wants to play there.. All these big names wanna play in big cities. It's harsh but it's the truth, move the team to Las Vegas

[Smook A.]

The Milwaukee Best

http://www.cattybeverage.com/images/Milwaukees_Best_Logo_Royal_Blue_Shirt.jpg
Wtf kind of name is 'Best'?

No sports team should be called 'Best' lmao

[Smook A.]

Milwaukee will continue to suck, nobody wants to play there.. All these big names wanna play in big cities. It's harsh but it's the truth, move the team to Las Vegas
Las Vegas or Seattle would've been nice

[Smook A.]

I thought the team was gonna be sold to someone on Craigslist. Can't believe they're worth $550 mill

[HurricaneKid]

Except that Seattle is wealthier, has a rich basketball history, and has a consistent record of developing home grown NBA talent.

Kareem and Big O shake their head at your sillyness.

[ABfor3]

I thought the team was gonna be sold to someone on Craigslist. Can't believe they're worst $550 mill
:roll: Craigslist!!

[Shade8780]

Herb Kohl has agreed to sell his majority stake in the franchise to Wesley Edens and Marc Lasry on the condition that the team remains in Milwaukee.
Bucksgate :lol

[bagelred]

:roll: $550 million for the Bucks, the worst franchise and market in the league. And the players took a pay cut in the CBA. :roll: Players are so stupid. "Us owners are so poor. We can't make a pwofit. Poor us. " :oldlol:

[Smook A.]

:roll: Craigslist!!
:lol

[kaiteng]

Milwaukee Beers

http://www.highdefdigest.com/blog/wp-content/uploads/2011/08/Baseketball.jpg

[mr.big35]

Milwaukee will continue to suck, nobody wants to play there.. All these big names wanna play in big cities. It's harsh but it's the truth, move the team to Las Vegas

they are going to be good team you will see.

[Clyde]

there is no way that franchise is worth 500+ mill

well it is.

since it's a professional sports franchise

forbes has it listed at 405 million, but look at the warriors when they got sold.

your always going to pay over "market value" for a sports team.

[Clyde]

Milwaukee will continue to suck, nobody wants to play there.. All these big names wanna play in big cities. It's harsh but it's the truth, move the team to Las Vegas

I cant begin to list the reasons why that wouldn't work