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Kohl said there were 10 good offers made for the Bucks. "They want to be NBA owners. They see it as a good investment," Kohl said.
"They were all over this from the very beginning," Kohl said of Lasry and Edens. "Very persuasive. Clearly ambitious. Right age."
Kohl described it as a chance for other league owners to meet Lasry and Edens.
Kohl said he will be in New York with Lasry and Edens on Thursday to meet with other NBA owners.
New Bucks owners killed it at their press conference. Said all the right things and came across as being sincerely committed.
*scrolls down TL* ☁️☁️☁️⛅️☁️☁️☁️
I am sold on the future of the Milwaukee Bucks, you might say.
Owners want new arena built within a couple of years. Confirm price will be around $400M plus.
New owners wouldn't comment on status of Bucks basketball officials.
For whatever it's worth, Steve Geeenberg said there were nine bids to buy the Bucks.
Barrett: "To Marc and Wes. Welcome to Milwaukee. We've been waiting for you."
"This is more like a revival meeting. This is a game-changer for this entire debate." Mayor Tom Barrett
So $200 million committed to new arena by new owners and former owner of Bucks.
No surprise here. Wrote about this a month ago. A new arena is expected to $500M.
Big ovation from those at news conference. Kohl no longer an owner but this will be a gift to community.
Kohl will contribute $100M as well
Sen. Kohl also has committed $100 million toward new arena, it is announced.
New group will invest $100m to new arena.
Sales price of $550 million committed by new owners. They also have committed to help fund new arena with investment of at least $100 mil.
Now Marc Lasry at mic: "It really is a dream come true. ... We have a strong desire to succeed. ... It's a real honor."
"It's a once-in-a-lifetime opportunity to be an NBA owner," Edens said.
Wesley Edens at mic: He thanks Herb Kohl first. "Marc and I are lifelong basketball fans."
It'll be interesting to see if any local individuals will be part of new Bucks group. Commitment will be major issue going forward.
Kohl says agreement will transfer full ownership to Lasry and Edens.
Sen. Kohl at podium and says he has found capable investors in Marc Lasry and Wesley Edens. "These 2 men are right people and right fit ...
Waiting for Bucks new owners to make appearance in west atrium at BMO Harris BC.
Another Bucks press conference that is starting late. Slicking, eh!
$200m proposed contribution toward arena not coincidentally mirrors what happened Sacramento. Gut feel: that's going to have to go way up.
Just landed in Amsterdam, so of course the Bucks get sold today.
Some prominent individuals with WI or Bucks ties were set to join a Chicago group as minority owners.
You have 2 phones but the service is cut is off on both of them all you can do Is receive iMessages ✋
Part of that Bucks sale price will likely be redirected into funding new arena. Told arena will be between $420-500M.
Espn reporting Bucks sale to Edens and Lasry for $550M.
Bucks will hold "major" press conference this afternoon. Gee, can't imagine what that would be about.
Bucks say a major announcement will be made at 2:30 today at BMO Harris Bradley Center.
Thank you God
Bucks Exec. VP Ron Walter will be attending Thurs-Friday Board of Governors meeting in NY.
Birthday wishes to Kareem Abdul Jabbar, the top scorer in Bucks and NBA history.
Wright won battle for a roster spot with 2 other contenders. This way he is in Bucks' summer plans.
There r whispers a group from Chicago has emerged as new Bucks owners, pending league approval of course.
OMG I'm sorry
Kohl & gang have done stellar job keeping Bucks sale secretive. Don't be surprised if new owners have never been mentioned in reports.
NBA Board of Governors convene in NY on Thursday. Told today Bucks sale will likely be discussed.
Was told today Bucks owner Herb Kohl has decided on a group to sell his franchise. The $64,000 ? is what group?
Burger King out here trying to change the game lol
Ted Kellner doing an A+ job playing dumb about possible Bucks sale: "I don't know what's going on. I haven't talked to anybody about it."
Bucks can draft no lower than fourth on June 26. They have 25% odds for top pick.
The next person to talk about a top pick not guaranteeing a championship will get a bottle broken over their heads.
It's official. Most pingpong balls belong to Bucks. Toronto 110, Milwaukee 100.
What percentage of Brandon Knight misses are NOT short/front rim? 5%?
Jeff Adrien as featured scorer is the NBA's equivalent of Luis Guzman being cast as the next Bond. Illogical, but weirdly enjoyable.
Bucks mini-run silences the wave, thankfully. Or maybe it was Dwane Casey's timeout. Raptors lead by 9 after Adrien dunk.
Losing respect for Raptors crowd, now doing the wave. Ugh.
Bucks lost in seven games to Atlanta that season as sixth seed.
Bogut injury coming at same stage of season as in 2010 when he suffered gruesome injury that sidelined him for playoffs.
Bucks down 91-74.
After 3 quarters: Raptors 84, Bucks 69. Vasquez with 19 and Lowry 18. Adrien and Knight 13 each for Bucks.
Raptors coach Dwane Casey staying with his regulars tonight. Raps seeking to beat out Bulls for No. 3 seed in East.
I wish Knight cut off the ball like Sessions.
Raptors shooting 10 for 19 on threes and 11 of 24 on twos. Bucks shooting 48.6% overall and have attempted just 2 threes (1 for 2).
Sixers lead Celtics, 67-50, at halftime.
No foul called as Adrien goes to basket on final play of half. Bucks cut 21-point lead to 59-46 with 8-0 run at end of quarter.