HoopsHype Marc Lasry rumors

December 12, 2014 Updates

As for the arena, Lasry acknowledges its shortcomings. The Bucks' home locker room is outclassed by that of many major college programs, and their practice facility is an annexed building of a Catholic archdiocese. Lasry and Edens have pledged $100 million to build a new arena, as has former owner Herb Kohl. They are still searching for ways to fund the rest, while the location has been narrowed down to three sites. Lasry says they hope to settle on one in the next month or so, after which things should begin to move quickly. “It is a process, and it’s challenging,” Lasry said. “We are trying to get the best site where we can do the best for the city. For as many people who want you to do something somewhere, there are as many people who don’t want you to do something somewhere.” Sports Illustrated

Edens' first call was to Lasry, a longtime friend. Lasry was interested but, Edens says, he was the one aggressively pushing the deal. “I gave Marc a hard time about stepping up,” Edens said. “We had one chance to buy a team that was close to New York, that was a great franchise in a great city.” ​To Edens and Lasry, one thing was made clear: If you want the team, you have to keep it in Milwaukee. Kohl, the former U.S. senator who had owned the team since 1985, had no interest in selling to a group that would move the franchise. "If he wanted to sell it to somebody who would have moved the team," Edens said, "I think he could have gotten more for it. He was very clear from the first minute of the first meeting that it was important [for the Bucks to stay put].” Sports Illustrated

December 9, 2014 Updates

Lasry is confident the Bucks will secure a deal, if only because the buyback clause and the looming Seattle threat have everyone backed into a corner. “The reason it’s gonna get done is that no one has a choice,” he says. He and Edens are based in New York, and they will not entertain the idea of moving the Bucks to a West Coast market as long as they own the team. “I have no interest in being far away,” Lasry says. “The fun of owning the team is being part of the community. You can’t do that if you’re four or five hours away.” Grantland

October 29, 2014 Updates
October 27, 2014 Updates
October 17, 2014 Updates

In a dramatic expansion of their ownership group, the Milwaukee Bucks will announce Friday that five prominent African-American business leaders and philanthropists, as well as two well-known Milwaukee business executives, have joined the franchise. Their addition gives Bucks owners Wesley Edens and Marc Lasry and new investor Jamie Dinan, whose ownership stake had not been widely known, enhanced credibility as they continue to work not only on rebuilding the franchise but also on setting the stage for what is expected to be a major downtown economic redevelopment project. While specifics of what the three have in mind beyond building a new arena have yet to be disclosed, the Bucks made a point in their announcement to say that members of Partners for Community Impact, or PCI, had previously been involved in urban economic development and renewal projects. Milwaukee Journal-Sentinel

September 4, 2014 Updates

Marc Lasry, the co-owner of the Milwaukee Bucks with partner Wes Edens, said Thursday at a business of sports summit that he hopes the franchise can partner with the city to build a new arena. Lasry, interviewed by Bloomberg Television at its Sports Business Summit, expressed optimism that such a partnership will happen. "We think over time we're going to be able to do this," Lasry said. Lasry also had some interesting things to say about the Bucks. While he is a co-owner with Edens, Lasry said it was Edens who is the managing partner of the team and acts as the team's governor at NBA owner meetings. "I'm not the person running the team," Lasry said. Milwaukee Journal-Sentinel

August 11, 2014 Updates

Alexander Lasry appears to have taken a job in the Bucks' front office, this according to, well...Alexander. The son of Bucks' co-owner Marc Lasry recently updated his LinkedIn profile and added the title of Vice President of Strategy and Operations to his list of work experience. The job just started this month, according to his account. It is unclear at the moment would the position's duties entail, though Alexander's degree in Business from New York University and Penn may suggest that this role may be more business-oriented than anything else. Marc Lasry had made no secret of his desire for his son to join the Bucks in some capacity, and it looks like he's convinced his son to become part of the team sooner than expected. Brew Hoop

July 11, 2014 Updates
July 2, 2014 Updates
June 30, 2014 Updates

Kidd lost a power play in Brooklyn, where he had tried to usurp the power of GM Billy King through ownership, sources said. Kidd had gone to ownership seeking the president of basketball operations title and was denied. It led to Brooklyn allowing him persmission to talk with the Bucks, whose new co-owner, Marc Lasry, has been a longtime financial adviser. Around the NBA, there's a strong belief that Kidd will ascend sooner rather than later to run the Bucks' basketball operations. Milwaukee currently has a general manager, John Hammond, in place. Yahoo! Sports

June 29, 2014 Updates

Kidd's failed push for a promotion that would have put him above Nets general manager Billy King while also keeping him as coach has led to his likely exit, with the Milwaukee Bucks being granted permission to speak with him about a front-office position that was at the root of this unexpected development. One of the Bucks' new owners, Marc Lasry, previously held a stake in the Nets and is known to be close with Kidd, 41 and one season removed from his playing career. USA Today Sports

June 20, 2014 Updates

The Bucks are inching closer to adding several minority owners with Green Bay Packers superstar quarterback Aaron Rodgers and former Bucks star Junior Bridgeman among those who have had discussions with Bucks co-owners Marc Lasry and Wes Edens. Craig Leipold, the Minnesota Wild owner from Racine, has been speculated as another possible minority owner although that isn’t likely to happen. Racine Journal-Times

June 2, 2014 Updates

Milwaukee Bucks co-owner Marc Lasry said Friday in a radio interview that he and co-owner Wesley Edens are strongly considering a change in the team's traditional colors of red, green and silver. Lasry did not say what a new color scheme would be but said, "We're definitely looking at doing that (making a change). It does need a little bit of help." Milwaukee Journal-Sentinel

Lasry also said in the WSSP-AM (1250) interview that he is upset there is not more Bucks gear available around the city. "The thing that (ticks) me off is there's no gear," he said. "I wanted to get stuff for friends back home (in New York). I went yesterday (Thursday) to the Bradley Center to get gear. "There are a lot of things we need to do. You're going to see a whole bunch of changes." Milwaukee Journal-Sentinel

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