Sports

Billionaire Lasry to Sell Bucks Stake, Valuing NBA Team at $3.5 Billion

The billionaire is said to also be building out a sports fund
Lasry acquired the Bucks in 2014 alongside investor Wes Edens

Marc Lasry
Photographer: Jayne Kamin-Oncea/Getty Images

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By Kamaron Leach

February 27, 2023 at 4:24 PM UTC

Updated on

February 28, 2023 at 1:26 AM UTC

Billionaire investor Marc Lasry has reached a deal to sell his stake in the Milwaukee Bucks to Jimmy and Dee Haslam, owners of the National Football League’s Cleveland Browns, according to a person familiar with the matter.

The sale of Lasry’s 25% stake, which is still pending approval by the National Basketball Association and its owners, values the team at about $3.5 billion, said the person, asking not to be identified because the discussions are private.