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Milwaukee Bucks
The
Milwaukee Bucks
are an
American
professional
basketball
franchise based in
Milwaukee, Wisconsin
. The Bucks compete in the
National Basketball Association
(NBA) as a member team of the
Eastern Conference
Central Division
. The team was founded in 1968 as an
expansion team
, and played at the
BMO Harris Bradley Center
. Former
U.S. Senator
Herb Kohl
was the long-time owner of the team, with
John Hammond
as current general manager; as of April 16, 2014 a group led by billionaire
hedge fund
managers
Wesley Edens
and
Marc Lasry
agreed to purchase a majority interest in the team from Kohl, a sale which was approved by the owners of the NBA and its Board of Governors a month later on May 16. The team is currently valued at $600 million according to
Forbes
, ranking last in the league.
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