The Milwaukee Bucks have been making huge headlines following their NBA final victory, claiming their first title for 50 years! All this team talk has got us thinking, who owns the Milwaukee Bucks?
The Bucks have four major owners.
Who are the primary owners of the Bucks?
The three Milwaukee Bucks owners with the highest stakes are: Marc Lasry, Wes Edens, and James Dinan. The fourth major investor is Mike Fascitelli, though Fascitelli has a lesser stake.
The Bucks was sold from Kohl back in 2014 for $550 million.
Worth an estimated fortune of $1.8 billion, according to Forbes, there is no wonder Lasry could afford to invest in NBA’s victorious team.
Outside of his Bucks ownership, Lasry is the CEO of Avenue Capital Group, an organisation that he set up with his sister, Sonia, back in 1995.
Marc is also quite the political man. A huge Democratic Party donor, he may be a factor in the team’s activeness regarding recent social injustices.
In terms of his childhood before becoming a billionaire, Lasry was born in Morocco before moving to the U.S. with his family at age 7.
Major owner Wes Edens founded Fortress Investment Group back in 1998, and still remains the firm’s chairman! Fortress gave Wes his billionaire status when the group went public back in 2007.
As per Forbes‘ website, Edens’ net worth is an estimated $1.2 billion.
Obtaining his M.B.A from Harvard Business School, Dinan went on to found York Capital Management in 1991, a money managing firm. James is still currently chairman and CEO of the firm.
Dinan’s net worth is an estimated £1.9 billion!
Businessman, Michael ‘Mike’ Fascitelli has an estimated net worth of $71.5 Million.
Receiving his MBA from the Harvard Graduate School of Business Administration, Mike went on to join Goldman Sachs in its Real Estate Department in 1985.
Fascitelli is now Chairman of Cadre’s Investment Committee.
The Bucks’ previous owner
Prior to being sold in 2014, former U.S. Senator and co-founder of Kohl’s department stores, Kohl, owned the Milwaukee Bucks.
Kohl purchased the team for $18 million in 1985.