NBA approves slate of new minority owners of Bucks

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The NBA board of governors on Tuesday approved a group of new minority investors in the Milwaukee Bucks, but the league and team both declined to identify the new owners.

“The board approved a slate of new minority owners of the Milwaukee Bucks,” NBA Commissioner Nate Silver said in a press conference.

Silver said Bucks co-owner Wesley Edens also provided an update for the board about the prospects of building a new arena in Milwaukee.

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Silver said he was “not frankly sure” about whether or not Green Bay Packers quarterback Aaron Rodgers is one of the new minority owners.

“Aaron Rodgers was not discussed today. I know Wes has told me that he’s had discussions with Aaron Rodgers. I don’t know exactly what the state is of those discussions with Aaron. I know that Wes Edens and his partner, Marc Lasry, are very focused on local ownership…The sense was he was very upbeat about the prospects of getting a new arena done, and he shared his optimism and enthusiasm with the other owners,” Silver said.

A spokesman for the Bucks said he had “no information” about a timetable for when the minority owners would be unveiled.

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

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