Apr 5, 2014, 11:00 PM EDT
For some time now owner Herb Kohl has been public about trying to bring in other investors to the Milwaukee Bucks, ideally someone to take over for him if not now within a few years.
That has the sharks circling — buyers looking to purchase the team and move it come 2016 when the lease in Milwaukee opens up have been inquiring (yes, Seattle was one). Kohl, as you would expect of a United States Senator, is loyal to his state and is looking for ownership to pump in cash but keep the team in Milwaukee. New NBA Commissioner Adam Silver has been publicly on Kohl’s side about keeping the team in Milwaukee, but also has said there needs to be a new arena, with that process underway by 2017.
Kohl may be getting close to that goal and with it selling the team. How close depends on who you listen to.
Bill Simmons of Grantland/the ESPN NBA Countdown show tweeted out this Saturday.
Then the Milwaukee Journal Sentinel spoke with the broker Kohl has hired and as you would expect he pumped the breaks on this idea.
“There is a lot of speculation out there,” Greenberg told the Journal Sentinel. “There is an active and ongoing process with respect to the Bucks. But we are not going to comment on speculation.”
Greenberg, who is representing Kohl in the sale process, said it was “premature to make any sort of announcement of a possible sale. We do not intend on saying anything publicly.”
The lawyers don’t like to talk until the ink is dry on the contract. That said, it appears that some kind of ownership group seems to be stepping up to keep the team in Milwaukee and that a deal is nearing.
Sorry Seattle. I hate to say that the NBA is going to use you like the NFL uses Los Angeles for leverage, but….
May 29, 2015, 9:08 AM EDT
Iowa State coach reportedly had concerns about NBA jump due to health
May 29, 2015, 8:30 AM EDT
They want Fred Hoiberg, but does he want them?
Report: Kevin Love going to “look around” this summer as free agent; Celtics, Lakers, Rockets possible
May 29, 2015, 8:00 AM EDT
I expect Love will stay with the Cavaliers this summer, but a lot of people around the league are not so convinced.
John Wall kicked off plane in Las Vegas after someone in his group allegedly threatened another passenger
May 29, 2015, 12:30 AM EDT
No charges were filed, but …
Bulls GM: Permission would have been granted for other teams to talk to Thibodeau, but ‘nobody called’
May 28, 2015, 11:30 PM EDT
Maybe because they knew Thibodeau would be available eventually.
May 28, 2015, 10:30 PM EDT
Tough to see him as a stronger candidate than at least two others. Unless …
May 28, 2015, 9:45 PM EDT
Thompson was throwing up after the game.
May 28, 2015, 9:00 PM EDT
Players supposedly said they’d avoid team facility this summer if Thibodeau remained the head coach.
May 28, 2015, 8:15 PM EDT
How this was handled raises questions.
May 28, 2015, 7:30 PM EDT
Thibodeau was fired as Bulls head coach on Thursday.
May 28, 2015, 6:45 PM EDT
Wade wants a bigger contract when he opts out this summer.
May 28, 2015, 6:00 PM EDT
The 2012 first-round pick has played in three NBA games.
May 28, 2015, 5:15 PM EDT
Okay Bulls, now find someone better.
Bulls front office on Tom Thibodeau firing: “We probably wouldn’t be sitting here if we won a championship”
May 28, 2015, 4:28 PM EDT
The team believes not beating the Cavaliers was a missed opportunity.
May 28, 2015, 3:30 PM EDT
As he should
May 28, 2015, 2:42 PM EDT
American president tweets about LeBron James and J.R. Smith
May 28, 2015, 2:07 PM EDT
Two words: Vivek Ranadivé
May 28, 2015, 1:30 PM EDT
Clippers center reportedly interested in signing with Dallas
May 28, 2015, 12:55 PM EDT
Kevin Love might leave the Cavaliers in free agency. Cleveland fans, if history is any indication, wouldn’t treat him well if he does. What would Love’s peers think? Colin Cowherd asked Jared Dudley – whom you might remember from saying players avoid Kobe Bryant Bryant and calling Carmelo Anthony the NBA’s most overrated player –…
May 28, 2015, 12:17 PM EDT
Bulls owner Jerry Reinsforf: ‘There must be free and open interdepartmental discussion and consideration of everyone’s ideas and opinions. These internal discussions must not be considered an invasion of turf, and must remain private.’
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- PBT Extra: Did Chicago make the right move in firing Thibodeau? 22
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- Dwight Howard: “I’m still a champion. And I won’t let anyone tell me anything different.” 72
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- Harden struggles, Warriors role players step up leading team to Finals for first time in 40 years 43