Another change of hands in the NBA. Former National Basketball Association (NBA) player Junior Bridgeman is negotiating the purchase of 10% of the Milwaukee Bucksas it progresses SportsmanThe minority stake in the franchise is estimated to be valued at around $3.4 billion.
If the transaction is confirmed, this would be the second of its kind in which the Milwaukee Bucks have been involved in the last year: at the end of April 2023, the owners of Haslam Sports Group, the group that owns the Denver Broncos of the National Football League (NFL), completed the purchase of 25% of the Milwaukee Bucks for $3.5 billion.
Junior Bridgeman made his debut with the Milwaukee Bucks in the 1975-1976 season, wearing the Wisconsin franchise jersey for twelve seasons, until 1984. He subsequently played for the Los Angeles Clippers for two seasons, and returned to Milwaukee to hang up his boots in 1987.
Off the basketball courts, Bridgemant has built a business empire that has led him to have a fortune of more than 500 million dollarsIn 2016, it sold up to 360 Wendy’s restaurants to take over a Coca-Cola bottling franchise.
Former NBA player Junior Bridgeman has a fortune of more than 500 million dollars
NBA franchises are experiencing a boom As for the change of hands in recent months: In July, the owners of the Boston Celtics put the NBA-winning franchise up for sale in 2024. In June, former Chicago Bulls player and NBA legend Michael Jordan sold his majority stake in the Charlotte Hornets for $3 billion. The change of hands of the Minnesota, Dallas and Chicago franchises follows that of the Phoenix Suns and Phoenix Mercury, which were sold in February to Mat Ishbia for $4 billion.
In December, Marc Lore and Alex Rodriguez, until then minority shareholders of the Minnesota Timberwolves and Lynx, They increased their stake in the Minneapolis franchises to 80%. The day before, the NBA approved by 29 votes in favor and zero against, the sale of 77% of the Dallas Mavericks to the Adelson familymagnates of the gambling and casino business in Las Vegas (United States).
The Milwaukee Bucks, based in Milwaukee, Wisconsin, compete in the NBA’s Eastern Conference Central Division, playing their home games at the 17,500-seat Fiserv Forum. Their trophy cabinet includes two NBA championship rings, two conference championship awards and nineteen division titles.
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