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Bucks' New Owners Committ To Adding Local Investors To Group

04 / 18 / 14

Speculation about investors "with Wisconsin ties" buying into the Bucks "may still come true despite Herb Kohl’s plan to sell the team " for $550M to N.Y.-based Fortress Investment Group co-Founder Wesley Edens and Avenue Capital Group Chair & CEO Marc Lasry, according to Rich Kirchen of ...

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Tags: Milwaukee Bucks, Franchises

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Sources: Islanders Draw New Suitors

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Tags: Franchises, New York Islanders, NHL

Colts To Remain With Irsays Long Term

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Tags: Franchises, Indianapolis Colts, NFL

Herb Kohl Sells Bucks For $550M

N.Y.-based Fortress Investment Group co-Founder Wesley Edens and Avenue Capital Group Chair & CEO Marc Lasry have "agreed to buy" the Bucks for $550M from Herb Kohl and to dedicate at least $100M to "construction of a new arena" in Milwaukee, according to Sean Ryan of the MILWAUKEE BUSINESS JOUR ...

Tags: Franchises, NBA, Milwaukee Bucks

Kohl Praised For Dedication To Milwaukee

Following "just two winning seasons" since '01 and a franchise-worst 15-67 record in '13-14, Herb Kohl recognized that "the time was right" to sell the Bucks , according to Gary D'Amato of the MILWAUKEE JOURNAL SENTINEL. The losing "ate at" Kohl, who yesterday agreed to sell the team ...

Tags: Franchises, NBA, Milwaukee Bucks

Arthur Blank, Atlanta Officially Awarded MLS Team

MLS Commissioner Don Garber yesterday "amidst a parade-like atmosphere" officially announced that Atlanta "will be the 22nd team" in the league, according to Doug Roberson of the ATLANTA JOURNAL-CONSTITUTION. Falcons Owner Arthur Blank will own the team, which will begin play in '17 in the new $1.2B ...

Tags: Franchises, MLS

Raptors Unveil New "We The North" Campaign

The Raptors have launched a new campaign, dubbed "We The North," which features a 60-second video that "kicks off a massive franchise rebrand over the next two years," according to Gregory Strong of the NATIONAL POST. The video is "not meant to be an advertisement for a team preparing to make ...

Tags: Toronto Raptors, Franchises, NBA

NBA Kings Reaping Benefits Of New Owners

The NBA Kings' new ownership group led by Managing Partner Vivek Ranadive "reenergized an organization that had been gasping for resources during the last few years of the previous regime," according to Dale Kasler of the SACRAMENTO BEE. Ranadive and his investors "spent more on marketing and playe ...

Tags: Franchises, Sacramento Kings, NBA

Franchise Notes

In DC, Zac Boyer noted the Wizards this week will "make their first appearance in the playoffs in six years" after a "slow climb back to respectability for what had been one of the league’s most hapless franchises" ( WASHINGTON TIMES, 4/16 ). Also in DC, Mike Harris writes under the header, ...

Tags: Franchises

Bruins, Celtics Headed In Opposite Directions

The Celtics and Bruins find themselves "on diverging paths of fortune," and signs of their "skewed trajectories are written on the faces of fans and the bottom lines of businesses from Sportsworld to TD Garden," according to a front-page piece by Bob Hohler of the BOSTON GLOBE. The Celtics have play ...

Tags: Franchises, Boston Celtics, Boston Bruins

How Key NBA Storylines Played Out This Year

Before the '13-14 NBA season began, SportsBusiness Journal offered some storylines to watch . Here is how each topic stands as the NBA concludes its regular season tonight. WARRIORS • Then: The team starts the year with a franchise record season-ticket base of 14,000 and a 38-game sellou ...

Tags: Franchises, NBA

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