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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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07/19/95
A'S SALE SHOWING "NEW SIGNS OF STRAIN"

Oakland and Alameda County leaders say the agreement to sell the A''s to a local group is "showing new signs of strain," according to Stacey Wells of the OAKLAND TRIBUNE. The most recent problem surfa

Tags: Franchises, Oakland Athletics, Oakland Raiders

07/19/95
SPIRIT OF MANITOBA MAKING FINAL PUSH TO RAISE FUNDS FOR JETS

As time runs out on efforts to save the Jets, the Spirit of Manitoba will finally reveal its "game plan" for keeping the team in Winnipeg today, according to the WINNIPEG FREE PRESS. John Douglas and

Tags: Franchises, New York Jets, NHL

07/19/95
CALL THE PAPER AND CANCEL THE AD; ASTROS ARE OFF THE MARKET

Astros Owner Drayton McLane Jr. said Tuesday he has reconsidered and has decided not to sell a minority interest in the Astros, according to the HOUSTON CHRONICLE. McLane: "Our decision is not to sell

Tags: Franchises, Houston Astros

07/19/95
THE COST OF YELLING AT REGGIE MILLER JUST WENT UP

The prices of Madison Square Garden''s exclusive courtside seats for Knicks games have been doubled to $1,000 per game, according to the N.Y. DAILY NEWS. Joanna Molloy reports the seats carry the "hig

Tags: Cablevision, Franchises, Madison Square Garden, New York Knicks

07/18/95
THAT 'OL NEW JERSEY INDUSTRIAL SPIRIT

The Nets are offering season-ticket holders full "satisfaction guaranteed" refunds through October 20, as well as refunds with interest "if any games are lost to labor strife" next season, according t

Tags: Franchises, NBA, Brooklyn Nets, YankeeNets

07/18/95
VIRGINIA GOVERNOR ESTABLISHES BASEBALL STADIUM AUTHORITY

VA Gov. George Allen yesterday named eight persons to the Virginia Baseball Stadium Authority, which will have power to "pick a site, arrange construction financing and negotiate lease terms for a maj

Tags: Baltimore Orioles, Franchises, MLB, Pittsburgh Pirates, San Diego Padres, Seattle Mariners

07/18/95
THE CASH-STRAPPED PACK ATTACK OTHER WAYS OF FINDING REVENUE

While the Packers are due to receive an additional $1M annually from 90 new luxury boxes recently installed at Lambeau Field, the team is constantly looking for other means of revenue, according to Vi

Tags: Franchises, Green Bay Packers

07/18/95
WHILE BRAVES SIZZLE ON FIELD, FANS STILL GIVING THEM CHOP

The Braves'' attendance is down 26.1% after 38 home dates, an improvement from earlier in the season, when after 10 games, attendance was down 43.7%. However, "Braves fans aren''t exactly fighting for

Tags: Atlanta Braves, Franchises, Time Warner

07/18/95
OAKLAND COLISEUM LEASE AWAITS AL DAVIS' JOHN HANCOCK

"Now all that''s left for the Oakland Raiders to become official is one final autograph from Raiders managing general partner Al Davis," writes David Li of the OAKLAND TRIBUNE. Although Davis has yet

Tags: Franchises, NFL, Oakland Raiders

07/17/95
JETS DEAL TEETERING AS ASPER MAY PULL HIS SUPPORT

CanWest Communications Chair Izzy Asper said Friday "he doesn''t like the way" the Spirit of Manitoba is planning to finance the Jets and hinted that he may "no longer be involved" with the sale if he

Tags: Franchises, New York Jets, NHL

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