{"id":427760,"date":"2023-02-27T15:44:38","date_gmt":"2023-02-27T20:44:38","guid":{"rendered":"https:\/\/7sport.net\/ca\/?post_type=news&#038;p=427760"},"modified":"2023-02-27T15:44:38","modified_gmt":"2023-02-27T20:44:38","slug":"cleveland-browns-owners-agree-to-purchase-lasrys-25-stake-in-bucks","status":"publish","type":"news","link":"https:\/\/7sport.net\/en\/news\/cleveland-browns-owners-agree-to-purchase-lasrys-25-stake-in-bucks\/","title":{"rendered":"Cleveland Browns owners agree to purchase Lasry\u2019s 25% stake in Bucks"},"content":{"rendered":"<p class=\"Component-root-0-2-67 p Component-p-0-2-58\">Cleveland Browns owners Jimmy and Dee Haslam have agreed to purchase Marc Lasry\u2019s 25% stake of the Milwaukee Bucks in a deal that puts the value of the NBA franchise at $3.5 billion, according to media reports on Monday.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Haslams To Buy Piece Of Milwaukee Bucks At $3.2 Billion Valuation In Highly Unusual Deal <a href=\"https:\/\/t.co\/Tr1f4QAZkM\" target=\"_blank\">https:\/\/t.co\/Tr1f4QAZkM<\/a> <a href=\"https:\/\/t.co\/NYL65HWnms\" target=\"_blank\">pic.twitter.com\/NYL65HWnms<\/a><\/p>\n<p>&mdash; Forbes (@Forbes) <a href=\"https:\/\/twitter.com\/Forbes\/status\/1630299619182669826?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">February 27, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"Component-root-0-2-67 p Component-p-0-2-58\">It seems, however, that the agreement has not been finalized. Neither the Bucks nor the Haslams publicly disclosed any element of the agreement.<\/p>\n<p>The Haslams, who also own the Major Soccer League club Columbus Crew, have explored buying other professional sports teams, including the Minnesota Timberwolves in the past.<\/p>\n<p class=\"Component-root-0-2-67 p Component-p-0-2-58\">Those numbers, if finalized, would mean the Haslams plan to spend about $875 million for Lasry\u2019s stake of the team.<\/p>\n<p class=\"Component-root-0-2-67 p Component-p-0-2-58\">It would be the second-highest valuation in NBA history.<\/p>\n<p>The value of the Phoenix Suns and the Phoenix Mercury&#8217; value has been put at $4 billion when Mat Ishbia acquired them in a deal that closed earlier this month.<\/p>\n<p class=\"Component-root-0-2-67 p Component-p-0-2-58\">The Haslams bought the Browns from Randy Lerner in 2012 for $1.05 billion but their tenure in Cleveland mostly has been defined by losing records, changes and controversy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cleveland Browns owners Jimmy and Dee Haslam have agreed to purchase Marc Lasry\u2019s 25% stake of the Milwaukee Bucks in a deal that [&hellip;]<\/p>\n","protected":false},"author":4224,"featured_media":427761,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false},"tags":[16975,17688,16726],"news_category":[16706],"gn_keywords":[],"acf":{"announce":"The Haslams also own MSL club Columbus Crew","video":[]},"rank_math_focus_keyword":"","rank_math_description":"","rank_math_title":"","rank_math_robots":"","rank_math_canonical_url":"","rank_math_facebook_title":"","rank_math_facebook_description":"","rank_math_facebook_image":"","rank_math_twitter_title":"","rank_math_twitter_description":"","rank_math_twitter_image":"","rank_math_snippet_shortcode":"","rank_math_primary_category":"","rankmath_seo":{"focus_keyword":"","description":"","title":"","canonical_url":"","robots":"","facebook":{"title":"","description":"","image":""},"twitter":{"title":"","description":"","image":""}},"_links":{"self":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news\/427760"}],"collection":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/users\/4224"}],"replies":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/comments?post=427760"}],"version-history":[{"count":0,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news\/427760\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/media\/427761"}],"wp:attachment":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/media?parent=427760"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/tags?post=427760"},{"taxonomy":"news_category","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news_category?post=427760"},{"taxonomy":"gn_keywords","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/gn_keywords?post=427760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}