The previously reported purchase of 25 percent ownership of the Milwaukee Bucks by Jimmy and Dee Haslam, the owners of the Cleveland Browns, has officially gone through. The Haslams will pay $800 million for the stake in the NBA franchise.
The different ownership groups plan to rotate who governs the team. The Bucks are the Eastern Conference’s top seed entering the NBA playoffs and are two years removed from a league championship, so it’s a good time to get in on an ownership stake with everything running right with the franchise. The Haslams continue to grow their ownership of sports teams, and Bucks fans hope their impact isn’t similar to when they took over the Browns in 2012.
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