CanucksCaptain Posted April 16, 2014 Share Posted April 16, 2014 sd Link to comment Share on other sites More sharing options...
CaNuCkSLoUiE23 Posted April 16, 2014 Share Posted April 16, 2014 Let me just reach into my pocket... Link to comment Share on other sites More sharing options...
J529 Posted April 16, 2014 Share Posted April 16, 2014 Seattle should be calling. Link to comment Share on other sites More sharing options...
TheRussianRocket. Posted April 16, 2014 Share Posted April 16, 2014 Seattle should be calling. Yea, but it'll suck real bad for them since they lost out to OKC before. Could've had the best team in the league had they maintained that franchise. A real shame. Link to comment Share on other sites More sharing options...
nuckin_futz Posted April 16, 2014 Share Posted April 16, 2014 Avenue Capital’s Lasry Said Buying Bucks for $550 Million By Scott Soshnick Apr 16, 2014 10:25 AM PT The National Basketball Association’s Milwaukee Bucks will be sold to a group that includes Avenue Capital Management’s Marc Lasry and Fortress Investment Group LLC (FIG) cofounder Wesley Edens for $550 million, three people with direct knowledge of the transaction said. The people requested anonymity because the agreement hasn’t been made public. The Bucks in a press release said they’re planning a “major announcement” this afternoon. Lasry, the firm’s chairman, didn’t immediately return an e-mail seeking comment on the Bucks, who are currently owned by former U.S. Senator Herb Kohl. Lasry’s group agreed to keep the team in Milwaukee as a condition of the sale. Forbes valued the team at $405 million, lowest in the 30-team league. Last year the team had an operating profit of $11 million on $109 million of revenue, the magazine said. The BMO Harris Bradley Center, where the team is averaging a league-low 13,474 fans per game this year, opened in 1988. The Bucks’ six-year lease extension expires in September 2017. The team, at 15-66, has the worst record in the NBA. “He wants to get into basketball, and this is the team that’s available,” said Marc Ganis, president of Chicago-based Sportscorp Ltd., which advises pro sports teams and leagues on financial matters. “This is the lowest value NBA club. That’s it. Nothing lower.” Arena Lease As part of the Bucks’ arena lease, the team gets 27.5 percent of concession sales and 13.75 percent of food and beverage sales from arena suites, as well as 30 percent of merchandise sales at home games. The team also receives 19 percent of net suite revenue and a suite revenue share of $2.1 million annually, according to the Bucks when the agreement was signed. Milwaukee has made the playoffs twice in the past eight seasons and haven’t won a playoff series since 2001. “That team is not selling well or performing well,” Ganis said. “Upgrading the team is the first order of business, then marketing.” http://www.bloomberg.com/news/2014-04-16/avenue-capital-s-lasry-said-buying-bucks-for-550-million-1-.html Link to comment Share on other sites More sharing options...
elvis15 Posted April 16, 2014 Share Posted April 16, 2014 Avenue Capital’s Lasry Said Buying Bucks for $550 Million ... http://www.bloomberg.com/news/2014-04-16/avenue-capital-s-lasry-said-buying-bucks-for-550-million-1-.html Thank goodness someone knows how to post a link and some substance related to the actual thread. Why the OP even bothered I don't know. Link to comment Share on other sites More sharing options...
Baka Posted April 16, 2014 Share Posted April 16, 2014 My mind is still blown that they finished in last place. Philadelphia started tanking last season trading away productive players for prospects and draft picks. The under/over odds in Vegas was that the 76ers would not win 17 games this season (which is absurdly bad). Come the trade deadline the Bucks are holding last place. Philly tries to tank even harder and trades away 2 more starters for draft picks and then buys out the one player they got in return immediately. Philly proceeds to lose 26 games in a row and only wins 3 games in their last 35 games. 1 game left the Bucks are still in last place with 15 wins. Moral of the story. The Bucks are horrendous and beat out a team in losses trying to tank. They aren't supposed to be relocating but Seattle would be so lucky to avoid them. Link to comment Share on other sites More sharing options...
g_bassi13 Posted April 16, 2014 Share Posted April 16, 2014 They failed to win back to back games all season. In 82 games, they failed to string together 2 wins. Forget the 76ers 26 game losing streak, this is far more impressively futile. The league itself is a joke, Link to comment Share on other sites More sharing options...
drummer4now Posted April 16, 2014 Share Posted April 16, 2014 They failed to win back to back games all season. In 82 games, they failed to string together 2 wins. Forget the 76ers 26 game losing streak, this is far more impressively futile. The league itself is a joke, Agreed have you looked at the eastern standings what a joke... Link to comment Share on other sites More sharing options...
Baka Posted April 16, 2014 Share Posted April 16, 2014 Agreed have you looked at the eastern standings what a joke... 9th place (non playoff) team in the West is within 1 win of the 3rd place seed in the East xD Link to comment Share on other sites More sharing options...
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