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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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02/01/95
LEAFS NEED STRONG SEASON TO TURN A PROFIT

Maple Leaf Gardens, Ltd., which owns the Leafs, will need the team to go far into the playoffs in order to "whittle down" a projected $1.9M loss this year. The company lost $3.3M for the 2nd Q ended D

Tags: Franchises

01/31/95
ITT READY TO STOP TAKING SPORTS BIDS AT CAESARS

ITT Corp. said it has reached a "general understanding" with NHL and NBA officials to "eventually stop taking sports bets at Caesars Palace and its other Nevada casinos," according to this morning''s

Tags: Cablevision, Franchises, NBA, New York Knicks, NHL

01/31/95
"BAD TASTE" OF LOCKOUT LINGERING IN DETROIT?

The Red Wings fans and season ticket holders are "exhibiting the bad taste the lockout has left in their mouths," according to Cynthia Lambert of the DETROIT FREE-PRESS. Lambert looks at the Red Wings

Tags: Detroit Red Wings, Franchises, NHL

01/31/95
KRAFT'S COMMENTS NO "ULTIMATUM"; WELD PLEDGES STATE SUPPORT

Patriots Owner Robert Kraft, "distressed" to find his comments on the state of his franchise on the front page in the BOSTON GLOBE on Sunday, said he gave no "ultimatum" for the state to help his team

Tags: Franchises, New England Patriots

01/31/95
SHARKS UNVEIL PLANS FOR THEIR FIRST EVER FAN FEST

The Sharks will hold their first ever Sharks Fan Fest on Sunday, March 12 at the San Jose Arena. In what the team bill''s as an "interactive extravaganza," 6,000 fans will have the chance to interact

Tags: Franchises, General Motors, San Jose Sharks

01/31/95
GOING TO HELL IN A BUCKET, AT LEAST CATS ENJOYED THE RIDE

"The end of a season generally is dictated by lack of performance. The Hartford Hellcats'' season ended Monday because of a lack of money," according to Roy Hasty in this morning''s HARTFORD COURANT.

Tags: AFL, ESPN, Franchises, Phoenix Coyotes, Walt Disney

01/31/95
OWNERS QUIET ON RAMS MOVE DURING SUPER BOWL WEEK

A random "straw poll" taken during Super Bowl week in Miami showed most NFL owners reluctant to take a position on the Rams move to St. Louis. "A handful refused to respond. A majority declined to com

Tags: Dallas Cowboys, Franchises, NFL, San Francisco 49ers, St. Louis Rams

01/30/95
REPORT OF LAWSUIT AGAINST VIKINGS COACHES GOES PUBLIC

On Saturday, ESPN noted a story in the ST. PAUL PIONEER PRESS that Vikings coach Dennis Green and assistant coach Richard Solomon were named in a 1993 lawsuit "alleging the coaches participated in sex

Tags: ESPN, Franchises, Minnesota Vikings, Walt Disney

01/30/95
HELLCATS IN DOUBT AS SEASON COULD COME TO AN END

The CBA''s Hartford Hellcats'' season could end today unless the Connecticut Development Authority (CDA) "advances enough money to sustain the franchise," according to Roy Hasty in this morning''s HAR

Tags: Franchises

01/30/95
ARISON FAMILY TAKES FULL CONTROL OF THE HEAT

In a deal that is promised to bring "sweeping changes" to the Heat, the Arison family Friday bought out managing partners Lewis Schaffel and Billy Cunningham for an estimated $60M. The deal still requ

Tags: Franchises, Miami Heat, NBA

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