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Cleveland Browns and Columbus Crew owners Jimmy and Dee Haslam ‘are seeking to expand into the NBA, with the pair in talks for a 25% share of the Milwaukee Bucks’
Cleveland Browns owners Dee and Jimmy Haslam are taking another shot at the NBA, with the pair ‘in talks to buy a minority stake’ in the Milwaukee Bucks.
The Haslams have explored buying other pro teams previously, including the Minnesota Timberwolves in the past, and now are ‘seeking the 25% share currently held by Bucks co-owner Marc Lasry’, according to AP.
That’s according to a person who spoke on condition of anonymity to the Associated Press because of the sensitivity of the situation.
There is no timeline for an agreement or sale, the person said. Sportico was first to report the Haslam Sports Group´s interest in the Bucks.
Lasry and Wesley Edens, both New York investment firm executives, bought the Bucks from former U.S. Sen. Herb Kohl for about $550 million in 2014 with pledges to keep the team in Milwaukee.
Cleveland Browns owners Jimmy and Dee Haslam could extend their portfolio to the NBA
The Haslams purchased the Browns in 2012 from Randy Lerner for $1.05 billion. They also own the Columbus Crew of Major League Soccer and manage the stadiums for both of those franchises.
They have had to endure a turbulent season following the acquisition of controversial quarterback Deshaun Watson from the Houston Texans.Â
Under the signal-calling of both Watson and backup Jacoby Brissett, Cleveland finished last in the AFC North with a record of 7-10.
The Haslams’ tenure as NFL owners has been defined by losing and change. the Browns have gone 60-119-1 and had one playoff appearance in the past 11 seasons.Â
Cleveland has also had six full-time coaches in that span.
Milwaukee could have a new co-owner if the Haslams are able to agree to terms with Lasry
Marc Lasry (R) pictured alongside NBA Commissioner Adam Silver and Michael Jordan in 2020
