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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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06/27/95
DENVER'S OTHER HOCKEY TEAM SEEKS COMPENSATION BEFORE LEAVING

An "eviction notice" from the city gives the IHL Denver Grizzlies 90 days to find a home other than McNichols Arena. The Grizzlies do not dispute the eviction, but are seeking compensation from Comsat

Tags: Chicago Bears, Denver Nuggets, Franchises, NHL, Utah Jazz

06/27/95
DEVILS NOTIFY NJSEA OF INTENTIONS -- STAYING PUT FOR '95?

The Devils announced their intention to terminate their lease after the ''96-97 hockey season in a letter sent Saturday to the NJSEA. The team contends that provisions under the original franchise agr

Tags: ECHL, Franchises, Houston Astros, New Jersey Devils, NHL, YankeeNets

06/27/95
CINCINNATI FACES A DEADLINE ON KEEPING THE BENGALS

Stephen Korb, a spokesperson for City Plaza CBD Development Inc., said yesterday that his group has revised an earlier proposal (a privately financed domed stadium rejected by Bengals President Mike B

Tags: Cincinnati Bengals, Franchises

06/27/95
SALE OF PIRATES IN JEOPARDY AGAIN? TCI'S LIBERTY MOVING IN?

MLB has rejected Adelphia Communications Chair John Rigas'' offer to buy the Pirates, according to today''s PITTSBURGH POST- GAZETTE. Halvonik and Belko report that MLB has deemed Rigas'' $85.15M bid

Tags: Cablevision, Franchises, MLB, New York Liberty, Pittsburgh Penguins, Pittsburgh Pirates

06/26/95
THE RAIDERS SIGN LETTER OF INTENT TO RETURN TO OAKLAND

"Ending weeks of nail-biting anticipation," Raiders Owner Al Davis and Oakland Coliseum President George Vukasin signed an agreement to "bring the team back to Oakland after 13 years of exile," accord

Tags: ABC, Cincinnati Bengals, Cleveland Browns, Franchises, NFL, Oakland Raiders, San Francisco 49ers, Seattle Seahawks, Time Warner, Vulcan Ventures, Walt Disney

06/26/95
GIVE TO THE JETS, GET A TAX BREAK

The Spirit of Manitoba, the group trying to purchase the Jets and keep them in Winnipeg, will unveil a plan today to local officials to offer a tax break to those who donate to their cause, according

Tags: Franchises, New York Jets

06/26/95
AVALANCHE GAINING SPEED AS NAME OF DENVER'S NHL TEAM?

Sources close to Denver''s new NHL team say that of the eight possible names, Avalanche and Black Bears are the favorites of management, with Cougars an "outside possibility." A fan feedback forum (in

Tags: Chicago Bears, Colorado Avalanche, Denver Nuggets, Franchises, NBA, NHL

06/26/95
THE DEVILS WIN THE CUP BUT WHERE WILL IT BE DISPLAYED?

The Devils completed a 4-0 sweep of the Red Wings Saturday night, making them the first pro team from NJ to win a championship. However, post-game reaction centered as much around where the team will

Tags: Comcast-Spectacor, Detroit Red Wings, Franchises, New Jersey Devils, News Corp./Fox, NHL, Philadelphia Flyers, San Diego Padres, YankeeNets

06/23/95
WHAT'S IN THE STARS FOR NORM GREEN? LENDERS SAY, "SELL!"

Sources close to the situation say Stars Owner Norman Green is being "pressured" to sell part of his team by the end of June, or his lenders might "take action," according to the DALLAS MORNING NEWS.

Tags: Dallas Stars, Franchises, NHL, Southwest Sports Group

06/23/95
DEVILS SHUT OUT WINGS, BUT WILL THEY SHUT OUT THEIR FANS?

ESPN''s Jimmy Roberts reported on the Devils'' possible move to Nashville and the fan base that the team has cultivated in NJ. While famed columnist Jimmy Breslin says, "I''ve never heard of them," NJ

Tags: ESPN, Franchises, New Jersey Devils, NHL, Walt Disney, YankeeNets

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