Who is Milwaukee Bucks new owner?

Last Modified Oct 16, 2023 03:09 GMT
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Jimmy Haslam, the new co-owner for the Bucks

The Milwaukee Bucks are part of the Central Division in the Eastern Conference in the NBA. The franchise has won two championships till date, in 1971 and 2021, and play their home games at the Fiserv Forum. Some of the most famous players in Bucks’ history include Kareem Abdul-Jabbar, Oscar Robertson, Bob Lanier and Ray Allen.

In recent seasons, the team has been led by two-time league MVP Giannis Antetokounmpo. Also known as the “Greek Freak,” Antetokounmpo is considered by many one of the best players in the league and helped the franchise win their second championship in 2021.

In the 2023 free agency, the Bucks were involved in a blockbuster trade. Seven-time All-Star Damian Lillard was traded to the Bucks in a three-team trade. Many see the Bucks as the favorites to win the 2024 championship after this trade, and fans are excited to see how Lillard and Antetokounmpo play together. In 12 seasons for the Portland Trail Blazers, Llillard averaged 25.2 points, 4.2 rebounds and 6.7 assists per game.

After a disappointing exit in the first round against the Miami Heat last season, the Bucks will be hoping for a title push in the 2023/24 season.

Milwaukee Bucks New Owner

Billionaire Jimmy Haslam and the Haslam Sports Group are the new co-owners of the Milwaukee Bucks. They purchased a 25% stake from Marc Lasry for around $800 million. According to Forbes, the Milwaukee Bucks is the 15th most expensive franchise in the NBA.

Jimmy Haslam’s wife Dee Haslam is the CEO of Haslam Sports Group. The organization also owns other sporting entities, including the Cleveland Browns of the NFL and Columbas Crew of the MLS. Furthermore, they have also partnered with a television production company River Media.

FAQs

A. As of 2023, the Milwaukee Bucks have a net worth of around $2.3 billion.

A. Giannis Antetkoumpo is the highest paid player for the Milwaukee Bucks. He has a five year $228 million contract with the team.

A. As of now, the New Orleans Pelicans are valued at around $1.63 billion, making them the team with the lowest net worth.

A. The 30 NBA teams together have a worth of around $90 billion.

A. Victor Wembanyama, Brandon Miller, and Scoot Henderson were the top three picks in the 2023 NBA Draft.

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