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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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07/21/95
OAKLAND COUNCIL APPROVES A'S CONCESSIONS

After airing "frustrations about long negotiations," Alameda County supervisors approved $11M in payments to the A''s to "appease" the team''s future owners, writes Sandy Kleffman in today''s SAN JOSE

Tags: Franchises, Oakland Athletics

07/21/95
TAGLIABUE CLEARS WAY FOR RAIDERS MOVE BACK TO OAKLAND

The Raiders'' planned move back to Oakland "gained a powerful ally" when NFL Commissioner Paul Tagliabue asked owners "to lift final roadblocks" to the move, according to David Li of the OAKLAND TRIBU

Tags: Franchises, NFL, Oakland Raiders

07/21/95
INTERBREW PUTS PLAN TO DUMP JAYS, ARGOS ON HOLD

Interbrew S.A., the Belgian brewer that recently purchased Blue Jays'' and Argonauts'' Owner Labatt, has put on hold plans to sell the teams, according to this morning''s TORONTO SUN. George Gross rep

Tags: Franchises, Labatt Brewing, Toronto Blue Jays

07/21/95
SPIRIT OF MANITOBA MEETS WITH NHL IN NEW YORK

Spirit of Manitoba officials met yesterday with NHL Commissioner Gary Bettman in a session that "opened a line of communication between the Winnipeg group and the people who will have the final word o

Tags: Franchises, New York Jets, NHL

07/20/95
DEBARTOLO TO OAKLAND: 49ERS WILL NOT STAND IN WAY

The OAKLAND TRIBUNE obtained a letter yesterday from 49ers Owner Eddie DeBartolo that "assured" Oakland Mayor Elihu Harris that the 49ers "would not stand in the way" of the Raiders'' move. DeBartolo:

Tags: Franchises, Oakland Athletics, Oakland Raiders, San Francisco 49ers

07/20/95
SEND RESUMES TO CHUCK'S ATTENTION; LAMAR NAMED DEVIL RAYS GM

The Devil Rays yesterday named Chuck LaMar GM & Senior VP of Baseball Ops. Lamar said he plans to start hiring front office and scouting personnel within the next three or four weeks and could sign an

Tags: Franchises, Tampa Bay Rays

07/20/95
TIME TICKING FOR JETS; SPIRIT REVEALS LITTLE AT BRIEFING

While the bid to keep the Jets in Winnipeg "has to be put together in less time than people spend buying a house," the Spirit of Manitoba "shed little light" on its C$222M proposal to buy the team and

Tags: Franchises, New York Jets, NHL

07/20/95
CIVIC CENTER FOR CONCERTS, CIRCUSES AND HUIZENGA'S PANTHERS

Jack Nease writes in his column for the Ft. Lauderdale SUN SENTINEL, "When several months ago Wayne Huizenga talked about putting up $45 million of his money to help finance a new Broward County civic

Tags: Franchises

07/19/95
PANTHERS NOT PURRFORMING FINANCIALLY, HUIZENGA MAY MOVE TEAM

At a news conference Tuesday, Panthers Owner Wayne Huizenga, "complaining" about million-dollar losses, said he may have to move the team. Huizenga said a decision to relocate would come in three mont

Tags: Franchises, Miami Heat, NHL

07/19/95
TRIBUNE COMPANY REPORTS SECOND QUARTER HIT

The Tribune Co., owners of the Cubs and WGN, reported a 3% drop in 2nd-quarter net income. They earned $82.1M, down from $85M from the same period last year. By taking away a boost in ''94 earnings fr

Tags: Chicago Cubs, Franchises

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