After rumors for several weeks, the reports are finally in from Tim Bontemps over at ESPN that Milwaukee Bucks co-owner Marc Lasry is selling his stake in the team to Jimmy Haslam, owner of the Cleveland Browns.
Milwaukee Bucks co-owner Marc Lasry has reached an agreement to sell his portion of the Bucks to Cleveland Browns owners Jimmy and Dee Haslam for a $3.5 billion valuation, sources told ESPN.
— Tim Bontemps (@TimBontemps) February 27, 2023
It’s worth noting this is the second highest valuation ever for an NBA sale (behind the Suns’ recent sale of $4 billion), but that Phoenix deal was for a whole team.