Wesley Edens Rumors

American businessman and investor Wesley Edens, co-owner of the Milwaukee Bucks and co-chairman of the Fortress Investment Group, is in the process of purchasing Cloud9 Challenger’s League Championship Series spot and the contracts of four of the team’s players for roughly $2.5 million, industry sources told ESPN. The deal is pending Riot Games’ vetting process and approval. The spot alone reportedly is selling for $1.8 million, with player contract rights making up for the remaining $700,000 via buyouts, sources say.
6 months ago via ESPN
“Our goal remains to be a consistent contender for NBA Championships and we believe that Jason Kidd is the right man for the job,” said Bucks co-owner Wes Edens. “In terms of preparing, developing and relating to today’s players, we think there is no better fit to lead our young and talented roster. We are excited that Jason will continue to call Milwaukee his home.”
That optimism extended to the team and the role of coach Jason Kidd, who will be entering the final year of his three-year, $15 million contract next season. “There’s no question, from our standpoint the team underperformed this year,” Edens said. “But in terms of the development of the team, you couldn’t be more optimistic about it. “We’ve said from the outset, our goal is not to be a contender. Our goal is to win a championship. Period. I said when we first addressed our business group, ‘If there’s anybody in the group that doesn’t think winning a championship is a reasonable thing, you should just leave the organization.’ “That’s not consistent with how we view it. And that hasn’t changed one bit.”
Storyline: Jason Kidd Hot Seat?
The owners made it clear they want Kidd to continue, and Lasry said it’s reasonable to assume the coach would receive an extension. “At the end of the day, Jason is our coach,” Lasry said. “I know there’s been a bunch of articles. We think he’s done a great job. He’s our guy. “Everybody who keeps talking about it, it’s a non-issue. I never understand why in this league you have these issues. “We want to win next year; we’re going to want to win the year after. This is a five-year plan. When you look at the players we have, look at the development of Giannis (Antetokounmpo) in the last three years.