NBA owners approve sale of Bucks to Edens, Lasry

NEW YORK (AP) -- The NBA's board of governors has unanimously approved the sale of the Milwaukee Bucks to New York investment firm executives Wesley Edens and Marc Lasry.

"We are pleased that Wes Edens and Marc Lasry have been approved as the new owners of the Milwaukee Bucks,” said NBA Commissioner Adam Silver. “The Bucks and their fans will benefit greatly from their vast business experience, energy and strong commitment to Milwaukee. I would like to thank Senator Kohl again for his unprecedented and historic financial gift toward the construction of a new Milwaukee arena and for his outstanding service to the league and his community over his nearly 30-year tenure."

The transaction is expected to close shortly.

About the New Owners: