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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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Empty Seats For Tanaka's Home Debut

Yankees P Masahiro Tanaka last night made his home debut at Yankee Stadium to "vast areas of empty seats and virtually no buzz," and while the crowd was announced as 39,412, that number "appeared to be inflated by between 5,000-10,000," according to Wallace Matthews of ESPN N.Y. However, there "are ...

Tags: New York Yankees, Franchises

NBA Franchise Notes

In Indianapolis, Anthony Schoettle noted the Pacers "will have sold out 28 games as of their last regular-season game April 13." That is the most since the 41 of the '99-'00 season, when the Pacers moved into Bankers Life Fieldhouse and went to the NBA finals. That also is "18 more sellouts than las ...

Tags: Franchises, NBA

Canucks Name Trevor Linden President

The Canucks today named Trevor Linden President of Hockey Operations, where he will oversee coaching and scouting staffs, player procurement and development, and minor league affiliations and operations ( Canucks ). The move comes one day after President & GM Mike Gillis "was fired, and two days ...

Tags: Franchises, Vancouver Canucks

Suns Seeing Uptick In Season-Ticket Renewals

The Suns entering play tonight occupying the 8th spot in the Western Conference with a 46-31 record after winning just 25 games last year, and Suns President Jason Rowley said that the turnaround is "translating into improved season ticket renewals and sales, as well as a bump in suite and cour ...

Tags: Phoenix Suns, Franchises

Warriors' Lacob Inquired About Buying A's

Warriors co-Owner Joe Lacob recently reached out to gauge whether A's co-Owner John Fisher might want to sell the team "at some point soon," but Fisher gave "no indication that he's looking to sell," according to sources cited by Tim Kawakami of the SAN JOSE MERCURY NEWS. Sources said that MLB has " ...

Tags: Franchises, Oakland Athletics, MLB

Heat Make D-League Affiliate A Priority

The Heat and the NBA D-League Sioux Falls Skyforce have "forged one of the more unusual and innovative partnerships in professional sports," according to Scott Cacciola of the N.Y. TIMES. The Heat have "allocated significant resources" to the Skyforce in an attempt to "replicate their philosophies o ...

Tags: Franchises, Miami Heat, NBDL

Cubs Deny Affiliation With Unofficial Mascot

The Cubs currently have an "intriguing battle ... taking place out of the public eye" in which they are trying to promote their new mascot, Clark the Cub, while denying affiliation with an unofficial mascot, Billy Cub, according to Paul Sullivan of the CHICAGO TRIBUNE. The Billy Cub mascot, whic ...

Tags: Chicago Cubs, Franchises

Braves' Reworked TV Deal Pays Off

The Braves' revenue in '13 increased by $36M to $261M, and team Owner Liberty Media attributed the increase "primarily to changes made in the local TV deal when the Braves moved an additional 45 games to the Fox regional sports networks from Peachtree TV," according to Tim Tucker of the ATLANTA JOUR ...

Tags: Franchises, Atlanta Braves, MLB

Franchise Notes

The Trail Blazers said that the team's return to the NBA playoffs after a two-season absence has "produced a robust interest in tickets," which went on sale yesterday. Blazers Corporate Communications Manager Kris Koivisto in an e-mail wrote, "Playoff ticket sales have been strong thus far." The tea ...

Tags: Franchises

Bills' Local Suitors Include Jacobs Family

Political and business leaders in Buffalo said that "several factors stand in the way of moving" the Bills to L.A. or another larger market, including interest from "several business leaders with local connections and deep enough pockets" to purchase the team, according to Jerry Zremski of the BUFFA ...

Tags: Franchises, Buffalo Bills, NFL

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