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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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04/27/95
WHAT A DIFFERENCE A DAY MAKES AS PIRATES WILL SELL TO RIGAS

Pirates ownership made a "startling about face" yesterday and will try to sell the Pirates to Adelphia Communications Chair John Rigas by early May. Reports as late as yesterday had team ownership con

Tags: Franchises, Pittsburgh Pirates

04/26/95
MAGIC REALLY DON'T GIVE IT TO THEIR TAMPA BAY FANS

Magic fans in the Tampa Bay area were unable to buy tickets for the team''s opening playoff series. Magic Ticket Manager Ashleigh Bizelle ordered Ticketmaster to sell only to outlets in and around Orl

Tags: Franchises, Orlando Magic, RDV Sports, Ticketmaster

04/26/95
PIRATES MIGHT WAIT FOR A BETTER OFFER; RIGAS' BID UNLIKELY

The owners of the Pirates are "laying plans for possibly keeping the team for another season" instead of accepting a $85.15M offer from cable-magnate John Rigas, according to this morning''s PITTSBURG

Tags: Franchises, Pittsburgh Pirates

04/26/95
MONDAY IS D-DAY FOR THE JETS AND WINNIPEG

The Manitoba Entertainment Complex has five days to secure the ownership of the Jets and get approval to build a new arena. "However, construction of the arena and the creation of an energetic, refres

Tags: Franchises, New York Jets

04/26/95
ARE YANKS INTENTIONALLY KEEPING TIX SALES LOW IN BRONX?

The Yankees intentionally are making it difficult for fans to order tickets, according to Phil Mushnick in this morning''s N.Y. POST. Mushnick chronicles the troubles of several fans who try to obtain

Tags: Baltimore Orioles, Franchises, New York Yankees, YankeeNets

04/26/95
MICHIGAN GETS THIRD IHL FRANCHISE

The IHL Board of Governors granted an expansion franchise to West Michigan Hockey, Inc. for the ''96-97 season. The team will play in a $62M, 12,000-seat arena currently under construction in downtown

Tags: AEG, Colorado Rapids, Dallas Stars, Franchises, NBA, NHL, Orlando Magic, RDV Sports, Southwest Sports Group

04/26/95
SEASON PRODUCES BIG WINS FOR MAVERICKS ON AND OFF COURT

The Mavericks, who won just 24 games in the past two seasons, rebounded this year with a late-season playoff run, but as Richard Alm reports in the DALLAS MORNING NEWS, "the team bounced back where it

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

04/25/95
CELTICS ANNOUNCE TICKET PRICES FOR FLEETCENTER

The Celtics announced their ticket pricing schedule for the ''95-96 season yesterday. Balcony seats will remain the same as this season with the addition of more than 500 seats per game specially pric

Tags: Boston Celtics, Franchises

04/25/95
NBA READY TO ACCEPT RAPTORS AND GRIZZLIES WITHOUT A CBA

The NBA will reportedly "rework the schedule for closing the expansion agreement" and grant "full membership" to the Raptors and Grizzlies. The original agreement included a provision tying acceptance

Tags: Franchises, Maple Leaf Sports and Entertainment, NBA, Toronto Raptors

04/25/95
INVESTOR SAYS MN "WILL COME THROUGH" IF NHL GIVES CHANCE

Twin Cities-investor Harvey Mackay, "a leader" in MN''s bid to bring the NHL to the Target Center, says there would be "an excellent chance" of landing the Jets if they leave Winnipeg. Mackay, who met

Tags: Franchises, New York Jets, NHL

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