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Herb Kohl Sells Bucks To Hedge Fund Execs For $550M, Team Likely Staying In Milwaukee

04 / 17 / 14

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...

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Tags: Franchises, NBA, Milwaukee Bucks

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12/18/95
ON THE PROWL: PANTHERS MOVE MAY NOT INCLUDE HUIZENGA

If the Panthers move to Nashville, Owner Wayne Huizenga says he would "likely" sell the team, according to the Nashville TENNESSEAN. Huizenga said he has "no desire" to own a franchise outside of Sout

Tags: Franchises, Miami Heat, NHL

12/18/95
OILERS WRAP IT UP, HOME CROWD POSSIBLY SEES LAST GAME

Yesterday, the Oilers played what was probably their last home game in Houston before 35,873 fans, as Owner Bud Adams prepares to move the team to Nashville. While Oilers merchandise sales were off 50

Tags: Anheuser Busch, Edmonton Oilers, Franchises

12/18/95
COYOTES? NHL NAME IDEAS FROM THE VALLEY OF THE SUN

Two sources involved in local merchandising in the Phoenix area told the MESA TRIBUNE the Jets will become the Phoenix Coyotes when they move to AZ. Brown & Giblin write the names and colors will be i

Tags: Arizona Diamondbacks, Franchises, MLB, New York Jets, Phoenix Coyotes

12/18/95
JAZZ OWNER PUTS TEAM UP AS COLLATERAL TO RETIRE DEBT

Jazz Owner Larry Miller has put the team up as collateral to back the sale of $55M worth of bonds, according to the DESERET NEWS. The funds will go to refinance debt Miller incurred in building the 21

Tags: Franchises, Utah Jazz

12/15/95
TEAM SAYS DON'T BET ON THE ROCKETS MOVING TO LAS VEGAS

For the second time this year, Rockets officials have "slapped down" rumors that the team was moving -- this time a report in the January ''96 issue of TEXAS MONTHLY that Rockets Owner Les Alexander i

Tags: Edmonton Oilers, Franchises, Houston Astros, Houston Rockets, NBA

12/15/95
PANTHERS INAUGURAL SEASON EXAMINED IN SPORTS ILLUSTRATED

The NFL has come to the Carolinas with the winningest expansion franchise in NFL history, but the Panthers have not exactly won over their home region, according to a report in SPORTS ILLUSTRATED. Ed

Tags: Franchises, NFL, Sports Illustrated, Time Warner

12/15/95
THE FIRST PHASE OF THE BULLETS NAME GAME ENDS TODAY

Today marks the final day of voting in the Boston Market- sponsored contest to rename the Bullets, after which a five- person "blue ribbon" panel will decide on the finalist. According to the WASHINGT

Tags: Baltimore Ravens, Franchises

12/15/95
CARDINALS MAY BLOW INTO WINDY CITY IF BEARS LEAVE

A city hall source in Chicago says an NFL team interested in playing in Chicago should the Bears leave has "put out feelers" to the city, according to the CHICAGO SUN-TIMES. While the identity of that

Tags: Chicago Bears, Franchises, NFL

12/15/95
FRANCHISE NOTES: ROADRUNNERS WILL STAY IN PHOENIX

The IHL Roadrunners plan to stay in Phoenix despite the pending arrival of an NHL team. Roadrunner GM Adam Keller: "As in Chicago, Detroit and Los Angeles, where IHL teams compete with the NHL, we als

Tags: Franchises, NHL, Seattle Mariners, Seattle Seahawks, Vulcan Ventures

12/14/95
BUCS LET LATEST TAMPA STADIUM PROPOSAL WALK THE PLANK

Two hours after details of a new city-county plan to partially finance a new $168M stadium for the Bucs through user fees and land sales, the Bucs said the proposal is not worth discussing, according

Tags: Cleveland Browns, Franchises, NFL, Tampa Bay Buccaneers

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