Bucks announce minority ownership group

Last updated on July 3rd, 2019 at 07:15 pm

The Milwaukee Bucks today revealed the names of the slate of new minority team owners the NBA board of governors approved at its meeting yesterday.

Joining the ownership group will be: Ted Kellner of Fiduciary Management, Jim Kacmarcik of Kapco, Craig Karmazin of Good Karma Brands, Michael Kocourek of Mid Oaks Investments, Keith Mardak of Hal Leonard Corporation and Teddy Werner of the Milwaukee Brewers.

There are also several unnamed “prominent” business owners with Milwaukee ties that are part of the new group.

“We are so excited about creating a new era of Milwaukee Bucks basketball,” said Bucks owner Marc Lasry. “In just a matter of weeks, we have had an incredible draft, brought on a world-class coach, and have now assembled a visionary group of owners from the community.”

Bucks owner Wes Edens said, “From day one, Marc and I felt a huge part of the rebuilding process would be dependent on having important leaders from Milwaukee join the ownership of the organization. We believe the future of the Milwaukee Bucks is not only about winning basketball, but also about contributing to Milwaukee and the state of Wisconsin.”

Edens and Lasry purchased the team earlier this year for $550 million and said they planned to add some local investors.

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