Overview
Type
Limited Liability Company
Headquarters
Milwaukee, Wisconsin
A new ownership group headed by entrepreneurs Marc Lasry, Wesley Edens, Jamie Dinan and an impressive assemblage of Milwaukee community leaders infuses the team and city with a new vitality driven by the promise of a next-generation team that remains true to the spirit of the “Brew City.” In addition to an exciting roster of talented players, the organization is in the final stages of a new arena to serve as the home for the next era of Bucks basketball. The state-of-the-art facility will become an important part of the revitalization of downtown Milwaukee and become integral to the community’s economic future. This new beginning for the Milwaukee Bucks is preceded by a lengthy history of success in the NBA, highlighted by the franchise’s NBA Championship in 1971. In just the team’s third season of action, the Bucks earned the distinction of owning the quickest rise from expansion team to champion in any of the four major North American professional leagues. The Bucks also count two conference championships, 13 division titles and 27 postseason appearances among the team’s many accomplishments. Additionally, numerous Bucks players, coaches and contributors are included as members of the Naismith Memorial Basketball Hall of Fame. Nba Properties, Inc. was founded in 1967. The company's line of business includes operating and promoting professional and semiprofessional athletic clubs and events. As the Milwaukee Bucks professional basketball team enters its 43rd season, owner Herb Kohl celebrates his 26th season as President of the 10th winningest franchise in NBA history (seventh winningest among current franchises). Kohl purchased the team on March 1, 1985, from Jim Fitzgerald, ensuring it would remain in Milwaukee. The National Basketball Association originally awarded the franchise to a Milwaukee group of investors - headed by Wesley D. Pavalon and Marvin L. Fishman - called Milwaukee Professional Sports and Services, Inc. on January 22, 1968. Pavalon and Fishman were named President and Executive Vice President, respectively, as the franchise was incorporated on February 5, 1968. An application from Milwaukee Pro was registered with the Wisconsin Department of Securities for the sale of 300,000 shares of common stock to Wisconsin residents at $5 per share. Because the issue caught public fancy, an additional 125,000 shares were offered when the stock opened on the over-the-counter market on April 24, 1968. On the basketball side of the operation, the team went through both the college and expansion draft under the watchful eye of the team's first head coach, Larry Costello. A Janesville, Wisconsin, businessman, Jim Fitzgerald served as a member of the Board of Directors of Milwaukee Professional Sports and Service beginning in 1973. He assumed his position as Chairman of the Board and President of the Bucks in November of 1976 and held that position until the sale of the franchise to Kohl in the spring of 1985. Your Source For Boston Celtics News / BucksTalk.com Milwaukee Bucks News and Blog Fan SiteBasketball fans love our For the best seats in the house buy premium , as well as tickets for and the - Buy We specialize in , and Sports fans who love great seats from Coast to Coast Tickets. We've got and . Check out our and . and Check out our and . We also have a huge , including , and . Buy or sell at StubHub. StubHub also has , and Find now. Check out the huge selection of . With an exciting April 16, 2014 marked the beginning of a new era for the NBA franchise as ownership was transferred from Senator Kohl to a new ownership group headed by entrepreneurs Marc Lasry and Wes Edens. Shortly thereafter, Jamie Dinan joined as a majority owner, and an impressive assemblage of Milwaukee community leaders also took an ownership stake to infuse the team and city with a new vitality driven by the promise of a next-generation team that remains true to the spirit of the “Brew City.” In addition to an exciting roster of talented players and a Hall of Fame coach, the future off the court is also bright. The organization is in the process of developing a new sports and entertainment complex to serve as the home for the next era of Bucks basketball. The state-of-the-art facility will become an important part of the revitalization of downtown Milwaukee and become integral to the community’s economic future. A herd of basketball fans gather around these Bucks. The Milwaukee Bucks professional basketball franchise joined the National Basketball Association in 1968 and earned a championship title just three years later with the help of Hall of Fame player Lew Alcindor (later Kareem Abdul-Jabbar). The team has made one other appearance in the NBA Finals in 1974. Hometown fans support the Bucks at Milwaukee's aging Bradley Center . Local businessmen Wesley Pavalon and Marvin Fishman were originally awarded the basketball franchise. Wisconsin Senator Herb Kohl, whose family started the Kohl's department store chain, has owned the Bucks since 1985. Try D&B Hoovers Free A herd of basketball fans gather around these Bucks. The Milwaukee Bucks professional basketball franchise joined the National Basketball Association in 1968 and earned a championship title just three years later with the help of Hall of Fame player Lew Alcindor (later Kareem Abdul-Jabbar). The team has made one other appearance in the NBA Finals in 1974. Hometown fans support the Bucks at Milwaukee's aging Bradley Center . Local businessmen Wesley Pavalon and Marvin Fishman were originally awarded the basketball franchise. Wisconsin Senator Herb Kohl, whose family started the Kohl's department store chain, has owned the Bucks since 1985.
