Marc Lasry Sells Stake in Milwaukee Bucks at Sky-High Valuation
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
He shoots, he scores.
Milwaukee Bucks co-owner and private equity billionaire extraordinaire Marc Lasry has sold his stake in the NBA franchise at a valuation of $3.5 billion, sources told The Athletic and ESPN early Monday morning, after co-purchasing the team for just $550 million in 2014. It's a big win for Lasry, though Bucks fans now find their elite-as-of-late team under the reign of the folks who also own... the Cleveland Browns.
Source Fool.com