In 1985, Herb Kohl paid $18 million for the Milwaukee Bucks; he later agreed to sell the franchise for $550 million
Herb Kohl made sure the Bucks would remain in Milwaukee before selling the team.
NBA ownership
In 2010, Michael Jordan paid $275 million for a majority stake in the Charlotte Hornets; 13 years later, he sold it in a deal valuing the team at $3 billion
Michael Jordan's time as Hornets owner ended with a major franchise sale.
Filing Details Jeanie Buss’s Side Deal to Remain Lakers Governor
Jeanie Buss was granted five years as team governor.
Buss siblings snub Jeanie in new statement on Lakers sale
Jeanie Buss’ five siblings are not giving any ground on their decision to sell the family’s remaining shares in the Los Angeles Lakers. Jim, Johnny, Janie, Joey and Jesse Buss issued a new statement on Tuesday in response to Jeanie attempting to block the sale of the Lakers via legal means. While not mentioning Jeanie … The post Buss siblings snub Jeanie in new statement on Lakers sale appeared first on Larry Brown Sports.
‘Dr. Buss Is Rolling In His Grave,’ ‘Sad Day’ — Buss Family Stuns NBA World by Selling Remaining 17.8% Ownership Stake in Lakers
The Buss family shockingly decided to sell their remaining ownership stake in the Los Angeles Lakers on Monday, which stunned the NBA world.
Pablo Torre reveals Mark Walter got help from Abu Dhabi investors to buy Lakers – Basketball Network
Pablo Torre reveals Mark Walter got help from Abu Dhabi investors to buy Lakers Basketball Network
Blazers may have taken a ruthless approach in mass layoff
Tom Dundon is not exactly becoming the most lovable pro sports team owner out there. The new Blazers owner has already faced backlash over the team’s recent cost-cutting measures, but there appears to be no stopping Portland from tightening its belt further. On Tuesday, reports surfaced that Portland went through with a massive layoff. The … The post Blazers may have taken a ruthless approach in mass layoff appeared first on Larry Brown Sports.
Mark Cuban was interested in buying Mavericks back — here’s what stopped him
Cuban, who still owns 27 percent of the team, noted that “a bunch of people” contacted him, unhappy with the direction of the franchise.
LeBron James Rules Out Following Dwyane Wade’s Path in Retirement Plan
Retirement rumors surrounding LeBron James have followed him throughout the season. The 41-year-old has yet to confirm whether he will return to play next year. While the question of when he will retire still remains, LeBron’s plans for life after the NBA have begun to emerge. With 23 years in the ...
NBA Owner in Hot Water With Fans as Michael Malone’s Salary Reportedly Decided UNC Move
Michael Malone may have moved to UNC, but an NBA team's fans are irate with their ownership for paying a pittance to try and get him in.
Mark Cuban Says He Regrets Selling Mavericks To Major Trump Donor
In late 2023, Mark Cuban sold a controlling interest in the Mavericks in a deal valued at roughly $3.5 billion to the Adelson and Dumont families, while keeping a minority stake.
Fans all said the same thing about Floyd Mayweather’s comments on owning an NBA team
Fans are not buying what Floyd Mayweather was trying to sell over the weekend about owning an NBA team. Mayweather spoke candidly about the topic during an autograph signing event at Caesars Palace in Las Vegas. Mayweather, who once made a public announcement that he was looking to purchase a stake in an NBA team, … The post Fans all said the same thing about Floyd Mayweather’s comments on owning an NBA team appeared first on Larry Brown Sports.
Who is Tom Dundon? Meet New Owner of Portland Trail Blazers – Sportskeeda
Who is Tom Dundon? Meet New Owner of Portland Trail Blazers Sportskeeda
Mark Cuban Regrets Selling Mavs to Adelson Family
Cuban still owns 27.7% of the Mavericks. The post Mark Cuban Regrets Selling Mavs to Adelson Family appeared first on Front Office Sports.
NBA’s Seattle Expansion Franchise Draws Major Interest From One of the World’s Richest Figures
The National Basketball Association’s potential Seattle expansion team is drawing serious attention, with one of the world’s richest figures eyeing ownership.
LeBron James Drops Blunt Three-Word Answer on NBA Ownership Plans
LeBron James gave a straightforward and blunt reply when asked about his interest in becoming an NBA team owner.