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» Sunday, December 11 2011 |
![]() Kohl, appearing at the Bucks media day gathering at the Cousins Center training facility, spoke openly about the ramifications of the new CBA and the separate revenue-sharing plan agreed to by owners. "I think on balance it's good for small-market teams and gives us a real opportunity to be profitable from now on, which hasn't been true for quite a number of years," Kohl said. Milwaukee Journal-Sentinel And he agreed with Stern's characterization that the debate among owners on a new revenue-sharing agreement was "arduous." Kohl said he was heavily involved in the debate, shuttling between Washington and New York. "To the credit of large-market owners, they understand if we are going to move forward as a 30-team league there has to be a willingness to share more local revenue. Right now, we've not really done that," he said. The Bucks were getting approximately $5 million a year under the old revenue-sharing plan. The new plan, which will begin in 2013-'14, increased the amount coming to small-market teams significantly. Kohl acknowledged the Bucks would be in line to receive approximately $15 million to $16 million a season. "On balance, considering the CBA and revenue sharing together, there were a lot of good things in it," Kohl said. "I wanted to be sure smaller-market teams were taken into consideration. It didn't come easily, because those who have don't want to give, and those who don't have perhaps want too much." Milwaukee Journal-Sentinel Kohl, who bought the team in 1985 from Jim Fitzgerald, said he remains energized in his role as owner and confident in the management team led by general manager John Hammond and the team's coaching staff led by coach Scott Skiles. "I still enjoy it," Kohl, 76, said. "I've always enjoyed owning the team, even when we were going through years of losses, because I like the sport. I like interacting with the guys, the coaches, the general manager, our fans. "It's been a big plus in my life. And now that hopefully the team is going to be profitable, it will be even more enjoyable." Kohl will retire as a U.S. Senator at the end of his term in 2012. Milwaukee Journal-Sentinel |
» Tuesday, November 8 2011 |
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Stern was not on Monday's call, but the sources said that up to 11 owners took part, including Charlotte's Michael Jordan, Portland's Paul Allen and Milwaukee's Herb Kohl. "There are at least 15 owners who are praying that the players say no,'' one source said, "because then they'll get the deal they want.'' ESPN.com |
» Friday, November 4 2011 |
![]() According to some individuals who have been actively involved in the CBA talks, Kohl has been one of the most "hawkish'' owners and has been quietly but forcefully lobbying behind the scenes for sweeping changes to the system. Like most of his small-market colleagues Kohl has become increasingly frustrated by the glaring discrepancies between the small and large markets, especially when it pertains to competitive balance. Racine Journal-Times The scuttlebutt is that unless radical changes are made to the NBA system, Kohl will likely sell the team. But there are also some other observers who insist Kohl will sell the team regardless of the CBA outcome. Racine Journal-Times |
» Wednesday, October 26 2011 |
![]() The authors of the letter were Paul Allen of Portland, Herb Simon on Indiana, Bob Johnson of Charlotte, George Shinn of New Orleans, Larry Miller of Utah, Michael Heisley of Memphis, Glen Taylor of Minnesota and Herb Kohl of Milwaukee. Johnson and Shinn have since sold their teams and Miller has passed away, giving way to his son, Greg. But the situations in those markets haven’t changed. In essence, that letter is the root of the current lockout. And, it is turning out, perhaps a core reason the owners can’t make a deal with the players after more than two years of negotiations. ESPN.com |
» Friday, September 9 2011 |
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HAWK: Kohl is "as hardcore as anyone" in agitating for big changes, according to one insider. ESPN.com |
» Saturday, August 20 2011 |
![]() Mark Attanasio would neither confirm nor deny whether he would be interested in buying the NBA’s Milwaukee Bucks from U.S. Sen. Herb Kohl. Attanasio, who led an investor group that bought the Milwaukee Brewers from Bud Selig’s ownership group in 2005, was responding to an audience question at a Monday luncheon of the Milwaukee Jewish Federation. Attanasio said he has “enormous” commitments already to the Brewers, to his Los Angeles investment firm and to his family. “I just have to make sure I don‘t get overextended,” Attanasio said. “We’ll see what happens.” Business News After his talk, Attanasio said Kohl has not approached the Brewers owner about buying the Bucks and Attanasio said he had not approached Kohl. “I love the community and I love sports,” Attanasio said. “It’s the senator’s team and I have an enormous amount of commitments right now.” Business News |
» Tuesday, August 16 2011 |
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Mark Attanasio would neither confirm nor deny whether he would be interested in buying the NBA’s Milwaukee Bucksfrom U.S. Sen. Herb Kohl. Attanasio, who led an investor group that bought the Milwaukee Brewers from Bud Selig’s ownership group in 2005, was responding to an audience question at a Monday luncheon of the Milwaukee Jewish Federation. Attanasio said he has “enormous” commitments already to the Brewers, to his Los Angeles investment firm and to his family. “I just have to make sure I don‘t get overextended,” Attanasio said. “We’ll see what happens.” Business News |
» Saturday, June 25 2011 |
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U.S. Sen. Herb Kohl (D-Wis.), the owner of the Milwaukee Bucks, borrowed at least $55 million last year from the National Basketball Association's credit facility, according to his Senate financial disclosure form. Disclosure rules in the Senate do not require senators to disclose the exact amount of their investments, assets and liabilities. But the records indicate that Kohl borrowed at least $55 million in three separate loans in behalf of the Bucks. The records also indicate that Kohl used some of the proceeds for investments by two of his trusts. That is allowable under NBA rules for those borrowing from the $2 billion credit facility. Milwaukee Journal-Sentinel |
» Thursday, May 19 2011 |
![]() At a news conference U.S. Senator Kohl made it clear what would keep his Bucks franchise competitive and profitable while remaining in Milwaukee. "I am fully expecting that we will continue to b here. That in the years to come we will find a way as a community, a state, a modern complex. And that generations to come Bucks will continue to be a part of the landscape of Milwaukee." Kohl says. fox6now.com |
» Saturday, May 14 2011 |
![]() Since 1988, however, his tenure as an NBA owner had to be balanced with his primary duties as a U.S. senator. That will change, and may very well give Kohl, who is 76, the freedom and the opportunity to spend more time finding ways not only to keep the Bucks in Milwaukee and locate new ownership when he decides to sell the team, but play a role in developing a community-endorsed plan to build a new arena for the franchise. "I would say this will remove some of the challenges of being a U.S. senator and being an NBA owner," said Timothy Sheehy, the head of the Metropolitan Milwaukee Association of Commerce, who keeps a close eye on efforts to keep Milwaukee a major-league sports city. "I think he's always going to be focused on doing what's right about Milwaukee." Milwaukee Journal-Sentinel As Kohl well knows, the Bucks operate in one of the smallest markets in the National Basketball Association and plays in an aging arena that limits the amount of revenue the team can generate. Kohl has said for years that he loses money each year on the franchise, but he has never specifically cited a figure. "I'm fully expecting we will continue to be here," Kohl said of the Bucks. "That in the years to come, we will find a way as a community and as a state to build a modern complex. And that in generations to come, the Bucks will continue to be a part of the landscape in Milwaukee." John Steinmiller, the Bucks' vice president of business operations, who has worked with Kohl since the senator bought the team, said Kohl has always been accessible and public about the Bucks. "I don't know how much more public he can get," Steinmiller said. "He has not been an absentee owner. He has been a constructive, contributing owner." Milwaukee Journal-Sentinel |
» Friday, May 13 2011 |
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“At some point there will be another owner, and when there is it will be somebody who is committed to keeping the team in Milwaukee,” Kohl said at a press conference Friday where he announced his political retirement. Kohl said he still hopes that Milwaukee will be able to build what he called “a modern facility” to replace the 23-year-old Bradley Center downtown. “I hope in the years to come we will find a way as a community and a state to build a modern complex so that in generations to come the Bucks will be a part of the landscape in Milwaukee,” Kohl. Business News Sen. Herb Kohl (D-Wis.) will announce Friday that he won't seek reelection in 2012, a Democratic source confirmed. Kohl, the quiet Wisconsin senator and owner of the NBA's Milwaukee Bucks, will depart from the Senate after four terms, setting up what could be a tough battle for his seat. Kohl becomes the sixth senator in the Democrats' corner to decline reelection next year; Daniel Akaka (Hawaii), Jeff Bingaman (N.M.), Kent Conrad (N.D.) and Jim Webb (Va.) have said they'll retire at the end of this term, as will Sen. Joe Lieberman (Conn.), an Independent who caucuses with Democrats. The Hill |
» Monday, April 18 2011 |
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Sen. Herb Kohl (D-Wis.) reported no fundraising activity in the first quarter of this year. But he loaned his campaign account $1 million late last year, which was seen as a sign that he'll run for a fifth term. Kohl, who hasn't officially announced his 2012 intentions, didn't raise any cash during the first three months of the year, nor did he loan his account any additional funds. Kohl, who owns the NBA's Milwaukee Bucks, has the ability to self-fund. The Wisconsin Democrat did spend $42,000 on polling during the first quarter, according to a report filed with the Federal Election Commission. Kohl spent just more than $51,000 during the first three months of 2011 and reported $953,000 cash on hand. The Hill |
» Saturday, October 30 2010 |
![]() In the past year, as many as nine teams -- or about 30 percent of the league -- have been put on the block. And several of the teams have seen a less-than-rabid response from bidders. In fact, four other teams may not find buyers, sources said. For example, there is limited interest in the Milwaukee Bucks, which two sources said could be had for the right price. Owner Sen. Herb Kohl, through a spokesman, said the team is not for sale. New York Post |
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