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SBD/April 7, 2014/Franchises
Magic, Bucks Owners Forced To Dispute Reports Of Teams Changing Hands
Published April 7, 2014
BUCK STOPS HERE: Allen & Co. Managing Dir Steve Greenberg, whose firm was retained by Bucks Owner Herb Kohl to bring in new team investors, on Saturday said that the "process is ongoing" and that reports of a possible sale "were premature." Kohl said, "There is a lot of speculation out there. ... But we are not going to comment on speculation." In Milwaukee, Walker & Gardner noted ESPN's Bill Simmons earlier on Saturday tweeted that the Bucks "were close to being sold, pending league approval." Simmons wrote, "Hearing the Milwaukee Bucks are very VERY close to being sold pending league approval. Might be done already. PS: Not to the Seattle guys." But Kohl later in the day said the pace of talks to find additional investors is "constructive." He said of the team staying in Milwaukee, "I feel great. I'm confident the Bucks are going to be in Milwaukee for a long time. I'm confident we're going to get to a new facility. Life is about tomorrow. We remember yesterday, but we look forward to tomorrow" (MILWAUKEE JOURNAL SENTINEL, 4/6).