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Bucks Co-Owner Marc Lasry Selling team to Haslams for $3.5 Billion



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Milwaukee Bucks co-owner Marc Lasly has agreed to sell his portion of the Bucks franchise to Cleveland Browns owners Jimmy and Dee Haslam for a reported $3.5 billion valuation, according to ESPN.

Pending league approval, the deal  would be the second-highest valuation ever for an NBA team, just behind the recent purchase of the Phoenix Suns for $4 billion by Mat Ishbia from Robert Sarver earlier this month, and would also be the third highest for any American professional sports team.

Lasry is in discussions to create a sports investment fund inside his existing investment firm, Avenue Capital.

The Haslams purchased the Browns franchise from Randy Lerner for a little over a billion dollars back in 2012, and also bought the Columbus Crew MLS franchise in 2019.

Anthony DiMoro is the creator of Sports Rants and the CEO of Elite Rank Media. He is a former Contributor for Forbes and the Huffington Post where he covered sports, social media, and SEO. Anthony formerly hosted the 'Forbes SportsMoney Podcast'.