Herrick Congratulates Milwaukee Bucks Co-owner, Marc Lasry, on the Recent Sale of Stake in the Team

April 24, 2023 – Press Release
Herrick, Feinstein LLP

Herrick, Feinstein LLP congratulates Milwaukee Bucks co-owner, Marc Lasry, on the recent sale of his 25 percent stake in the team to Cleveland Browns owners Jimmy and Dee Haslam. According to ESPN, the transaction struck at a $3.5 billion valuation was the second highest valuation ever paid for an NBA team and the third highest valuation for any American professional sports team. It was a tremendously successful conclusion to Mr. Lasry’s tenure as an owner and steward of the championship Bucks.

The Herrick team—which represented Mr. Lasry in the sale—was led by Restructuring & Finance Litigation co-chair Sean E. O’Donnell and Sports Law Group co-chairs Irwin A. Kishner and Daniel A. Etna. Other team members included Louis Tuchman, Mark A. Limardo, Silvia Stockman and Christopher Halm.

In a recent article published in the Milwaukee Journal Sentinel, Mr. Lasry reflected on his time as Buck’s co-owner. Read the full article here.