Marc Lasry Looking To Sell Stake In Bucks

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RealGM Wiretap
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Marc Lasry Looking To Sell Stake In Bucks 

Post#1 » by RealGM Wiretap » Wed Dec 28, 2022 11:10 pm

Marc Lasry is exploring a sale of his stake in the Milwaukee Bucks, sources tell Marc Stein of Substack.


Lasry could sell his shares to Wesley Edens.


Mat Ishbia was in talks to buy Lasry's stake before he pivoted to buying the Phoenix Suns from Robert Sarver.


The Bucks are valued at $2.3 billion while they were purchased by Lasry and Edens in April 2014 for $550 million. The Suns were recently valued at $2.7 billion, but sold at a valuation of $4 billion.

Via Marc Stein/Substack

BigHustle
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Re: Marc Lasry Looking To Sell Stake In Bucks 

Post#2 » by BigHustle » Thu Dec 29, 2022 1:59 pm

He’s a value investor. A lot of value creation in MKe and the easy $$$ has been made. Smart to move on.

With PE slinging stakes in sports teams to the general public seems like a short-term top is probably in for the space.

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