Bucks co-owner Marc Lasry is actively looking to sell his stake in the franchise, Marc Stein reports on Substack.
Stein referenced the possibility of a shake-up within the Bucks’ ownership group earlier this week, writing that “whispers have been circulating with increasing frequency” that Lasry could be open to selling his share of the team. His latest report suggests in strongest terms that it’s something to keep a close eye on in 2023.
Sources tell Stein that Lasry may end up selling his stake to his co-owner, Wes Edens, which would allow Edens to assume full controlling ownership of the franchise.
However, Lasry is also open to other options, according to Stein, who notes that The Ringer’s Bill Simmons recently reported on his podcast that Mat Ishbia spoke to Lasry about purchasing his stake in the Bucks before reaching an agreement to buy the Suns from Robert Sarver.
The Suns’ sale to Ishbia has led to speculation that we could see more NBA franchises – or minority stakes – change hands in the near future. The Suns were valued at $4 billion in that sale agreement, well above the $2.7 billion estimate Forbes published in the fall. With a new media rights deal around the corner and the possibility of expansion looming, the prices of NBA teams appear to be on the rise, which could make it a good time for current majority and minority stakeholders to cash out.
Forbes valued the Bucks at $2.3 billion in October, but presumably Lasry would be able to secure a higher valuation if he were to sell his portion of the team. He and Edens – along with a handful of minority investors, including Jamie Dinan – purchased the club from Herb Kohl for a reported sale price of $550MM in 2014.
I would take the money and run headed into a recession and deflation.
Deflation? No way deflation ever happens in this country.
The great depression was hyper deflation in this country. I assure you it can happen again,and is already happening.
Billionaires invested in tech, futures, and derivatives will lose big time, and even worse this time around than 1929. I think the difference between now & then is the billionaires will suffer more than the common every day American. Which is also the reason why most people are unaware of an 11.3 trillion loss in GDP in 2022, and what that really means to an America enduring a period of hyper inflation. To the commoner that is just a number, but I know it means death, and how quickly is tough to guess, but Banks are gonna start folding, and big tech very soon is my hypothesis. Atleast the indicators of this problem will start to show to the commoner. The NBA is leveraged & owned by these 2 industries specifically, I don’t see them saving their sports leagues before their banks.
Deflation? Lol. Prices will not go down.
I don’t think someone who has a net worth of 1.8 billion is worried about “deflation”
link to marketscale.com.
Being cash flush heading into a recession and then deflation event is smart for a billionaire when your buying power will be stronger. Moving into a cash position he could parlay that into massive gains if he made good market choices.
Yeah, I mean, what if he ended up only having like 1.3 billion at his time of death?
You’re right. He’s gotta move quickly.
Based on the value of the Suns deal, I would move quickly. And last time I checked billionaires didnt become billionaires by settling or not taking advantage of opportunities to increase their wealth.
I know bro, He better hurry. If he dies with only 1.3 billion he loses. He needs to make every dollar he can because…
Oh yeah, he doesn’t.
Think about it. What if he doesn’t make as much money as he possibly can even though he has more money then he could ever possibly need.
Man..that would be tragic.
This must be why the team is struggling right now, losing 4 in a row. Well, that and the “done deal” trade with the Grizz which..somehow, has not been announced yet..
Rats jumping ship before the inevitable. Can’t say I blame them. If timed right, it can be a real difference maker in a collapsing economy.