The New Floor for an NBA Franchise: $550 Million

The Milwaukee Bucks against the Indiana Pacers on April 9 in Milwaukee Photograph by Gary Dineen/NBAE via Getty Images

The Milwaukee Bucks are about to be sold for $550 million. Herb Kohl, the former U.S. senator who bought the franchise for $18 million in 1985, is selling to private equity fund managers Wesley Edens of Fortress Investment and Marc Lasry of Avenue Capital Group. The deal would set a new record price for an NBA team, topping the the $534 million that Vivek Ranadive and his group paid for the Sacramento Kings last year.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.