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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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Blue Jackets See Slight Attendance Dip

The Blue Jackets enter play Friday tied for seventh place in the Eastern Conference, but they are 29th in the NHL "in attendance, drawing 14,347 per game to Nationwide Arena," according to a front-page piece by Aaron Portzline of the COLUMBUS DISPATCH. The team has filled the 18,144-seat arena ...

Tags: Columbus Blue Jackets, Franchises, NHL

Yankees Average Ticket Prices Up

TiqIQ VP/Data & Communications Chris Matcovich said that Yankees’ Opening Day ticket prices listed on the secondary ticket market are "down a smidge" -- 6.3% -- from last year, with the average ticket price dropping from $208.13 to $194.99, according to John Brennan of the Bergen RECO ...

Tags: Franchises, MLB, New York Yankees

Franchise Notes

The 76ers on Thursday night tied the NBA record of 26 consecutive losses, but in Philadelphia, John Murrow noted fans "have still come out in bunches" to Wells Fargo Center. The team ranks 29th in attendance with an average of 13,651, down from 17th when they averaged 16,717 in '12-13. Only the ...

Tags: Franchises

Toronto Groups Keep Close Eye On Bills

There are many obstacles Rogers Communications and MLSE "would face in their campaign to bring an NFL team to Toronto," including the fact that the sale of the Bills "is not expected for a couple of years, since the club will be put into a family trust," according to David Shoalts of the GLOBE & ...

Tags: Franchises, Buffalo Bills

Pistons Get D-League Team In Grand Rapids

The Pistons are getting an NBA D-League franchise in Grand Rapids, Mich., as an "agreement has been reached for undisclosed local owners to purchase the Springfield (Mass.) Armor and relocate the team" for the '14-15 season, according to sources cited by David Mayo of MLIVE.com. Sources said th ...

Tags: Franchises, Detroit Pistons, NBDL

Levi's Ticket Price Too High For Sounders Fans?

More than 25,000 fans have bought tickets for the MLS Sounders-Earthquakes game August 2 that will inaugurate Levi’s Stadium, but a supporters group’s potential boycott of the match has become the main storyline heading into it. The Emerald City Supporters, the Sounders' largest supporte ...

Tags: Seattle Sounders, San Francisco 49ers, San Jose Earthquakes, Franchises

Krafts' Ownership Of MLS Revolution Questioned

The MLS Revolution, owned by the Kraft family, is "widely regarded as one of the worst franchises" in MLS, as the club has earned "a reputation as one of the cheaper franchises in the league," according to Kevin Alexander of BOSTON magazine. On top of "poor attendance, the Revs are one of just three ...

Tags: New England Revolution, Franchises, MLS

Bills To Be Placed In Trust

The Bills following the  death of Owner Ralph Wilson Jr. yesterday "will be placed in a trust," and "no quick sale of the team is expected," according to Mark Gaughan of the BUFFALO NEWS. Team and NFL sources said that the trust is "likely to control and manage the team for at least a couple o ...

Tags: Franchises, NFL, Buffalo Bills

Dodgers Supplant Yankees As MLB's Biggest Spenders

The Dodgers this season "are ending the Yankees' 15-year streak as baseball's biggest spenders," and, as of yesterday, had a projected payroll of $235M, according to data cited by Ronald Blum of the AP. The Yankees organization, which "last failed to top the payroll rankings" in '98, was a "distant ...

Tags: Los Angeles Dodgers, Franchises

NFL Owners Support Redskins' Foundation Plan

Redskins Owner Dan Snyder yesterday at the NFL owners meetings introduced new Washington Redskins Original Americans Foundation CEO Gary Edwards "to fellow NFL officials and solicited their support" for the foundation created to benefit Native Americans, according to Vargas & Jones of the WAS ...

Tags: Franchises, Washington Redskins, NFL

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