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Bucks sold?
Bill Simmons @BillSimmons 2h
Off last tweet: NBA would rather see Bucks stay in Milwaukee but a new arena has to be part of it. Franchise alone will go for 525-550 mill.
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Bill Simmons @BillSimmons 2h
Off last tweet: the NBA has been helping Herb Kohl quietly shop the Bucks around w/o letting it turn into a stay-or-leave soap opera.
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Bill Simmons @BillSimmons 2h
Hearing the Milwaukee Bucks are very VERY close to being sold pending league approval. Might be done already. PS: Not to the Seattle guys.
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That is encouraging news. Especially the $$$ Herby would get. He could likely fund a huge portion of the new arena with that, leaving him his legacy building in Milwaukee.
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I guess we will see. Let's hope for a new arena!
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Quote:
Originally Posted by
mufansince72
Great news. I think Herb will pour money into a new arena, and the possible new buyers may have money for that too.
I would like the see the state waive any income tax that Herb may have to pay on the gains from his sale and put those funds toward a new facility.
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Herb Kohl has pledged $100 mil to the new arena as have the new owners.
That's $200 mil for a start. Should be awesome.
