Marc Lasry Rumors
The Milwaukee Bucks appear on the brink of determining the location of their new NBA Development League team. Bucks president Peter Feigin told The Journal Times in late June that the organization had whittled the list of cities under consideration for its new D-League team to Racine, Oshkosh and Sheboygan. Now, almost five months later, Feigin said, “all three cities are still in the mix’’ and added, “We’re expecting to make a decision before Thanksgiving.’’
“We anticipate there will be people at all levels, not just local investors,’’ Dickert said. Dickert wouldn’t disclose the names of any potential investors, but did confirm Racine native and two-time NBA All-Star Caron Butler could be a part of a consortium of investors. Butler has consistently been involved in Racine community activities and said several years ago in a Journal Times report that he wanted to eventually do something significant for his hometown.
In recent weeks, there have been increasing whispers that one of the Bucks’ tri-majority owners, Marc Lasry, may relinquish some of his duties, if not all of them, with the professional basketball team if Hillary Clinton becomes president. Clinton has a slight lead over Donald Trump in a highly contentious race. Election day is Tuesday. It’s no secret Lasry is a staunch Democrat and strong supporter of both Hillary and former President Bill Clinton. The Center for Responsive Politics reported Lasry has donated nearly $500,000 to Democratic candidates.
This isn’t the first time Lasry’s name has surfaced for a government position. In 2013, he was under consideration to be the United States’ ambassador to France. He withdrew his name, reportedly because of business considerations. Lasry is the chairman, chief executive office and co-founder of Avenue Capital Group. His company is based in New York City and has offices around the world, including Munich, Milan and Madrid. His group allegedly manages assets of nearly $11 billion. Lasry, who was born in Morocco before immigrating to the U.S. when he was 7 years old, and Wes Edens became co-owners of the Milwaukee Bucks in April 2014.
The most important figure in the Bucks’ contingent will unquestionably be Jabari Parker, their young star-in-the-making forward. Parker hails from Chicago as does Wade and they have a strong rapport. They have attended each other’s functions over the years and Wade has consistently provided Parker with encouragement and support.