Marc Lasry, co-owner of the NBA’s Milwaukee Bucks, reached an agreement Monday to sell his share of the franchise to the owners of the NFL’s Cleveland Browns, Jimmy and Dee Haslam, who will pay a historic $3.5 billion in dollars, as reported by ESPN.
If this transaction, which still depends on NBA approval, is completed, it will be the second highest valuation in history for an NBA team, surpassed only by the sale of the Phoenix Suns to Mat Ishbia, who paid $4 billion to the former Owner Robert Sarver.
Likewise, if the deal is finalized, it would also be the third largest sale for a professional sports franchise in the United States, also behind the $ 4.650 billion that the NFL’s Denver Broncos cost in June of last year.
In the current season, the Milwaukee team is the second best in the NBA with a 43-17 record, behind the Boston Celtics (44-17). Also, as of the day this note is being written, they have recorded 14 consecutive victories.
Revaluation in the NBA
It should be noted that this sale of the Bucks is part of a revaluation that NBA teams have been going through since 2020. Precisely the last sale with relatively moderate figures was that of the Brooklyn Nets for $2.3 billion dollars that Joe Tsai paid in 2019.
That was preceded by Tilman Fertitta, who paid $2.2 billion to buy the Houston Rockets in 2017, and Steve Ballmer, who shelled out $2 billion to buy the LA Clippers in 2014.
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