It would be the second-highest valuation in NBA history, behind the $4 billion valuation for the Phoenix Suns and Phoenix Mercury when Mat Ishbia acquired them.
MILWAUKEE — Cleveland Browns owners Jimmy and Dee Haslam have agreed to purchase Marc Lasry’s 25% stake of the Milwaukee Bucks in a deal that puts the value of the NBA franchise at $3.5 billion, two people with knowledge of the negotiations said Monday.
The Haslams, who also own the Columbus Crew of Major Soccer League, have explored buying other professional sports teams, including the Minnesota Timberwolves in the past. Sportico was first to report the Haslam Sports Group’s interest in the Bucks. ESPN and The Athletic were first to report the agreement on Monday.AP
The Browns have made the playoffs only once under the Haslams, who have made numerous coaching and front-office overhauls in their pursuit of a Super Bowl title. Last year, they were criticized for acquiring quarterback Deshaun Watson in a trade before signing him to a record contract while he was being accused of sexual misconduct by two dozen women in Texas.
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