Svea Herbst-Bayliss/REUTERS

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Wall Street fund managers buy Milwaukee Bucks franchise

Hedge fund managers Marc Lasry and Wesley Edens are buying theNational Basketball Association's Milwaukee Bucks for $550 million from businessman and former U.S. Senator Herb Kohl, becoming the latest Wall Street financiers to own a sports club.

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Svea Herbst-Bayliss/REUTERS

Latest from this author

Wall Street fund managers buy Milwaukee Bucks franchise

Francis Ngannou Shoots Down Possible Fight With Jake Paul: 'Next Time, 2 or 3 Slaps!'

CrossFit Cancels Open-Water Swim Events Indefinitely After Athlete’s Drowning Tragedy

Tampa Bay Rays Move to Steinbrenner Field After Hurricane Wrecks Tropicana

Sixers Drama: Tyrese Maxey Calls Out Joel Embiid, Internal Meeting Leaks Stir Tension Amid Losing Streak

James Harden Jokes Stephen Curry About All-Time 3-Point List:' I'm Gonna Consider Myself Number One'