Today is the last day of the NBA Regular Season Games, and sad to say, one NBA Team will be sold. The news came in few hours ago stating that Milwaukee Bucks owner Herb Kohl will be announcing the sale of the team later today with the asking price of 550 million US Dollars.
The sources familiar with the on-going transaction are saying that the 79 Year-old Bucks president and owner Herb Kohl has added a specific condition to the sale that the team should remain in Milwaukee.
There are serious buyers such as the hedge-fund billionaires Wesley Edens and Marc Lasry. They are determined to buy the team although there's no formal announcement yet as to when they will sign the deal memo.