Thursday, April 17, 2014
Marc Lasry, the hedge fund titan who has a home in Westport’s Greens Farms area along with a Manhattan apartment, says he will be spending “a huge” amount of time in Milwaukee in the future.
Lasry, who is on Westport’s top 10 taxpayer list, and fellow financier Wesley Edens on Wednesday bought the Milwaukee Bucks professional basketball team for about $550 million from former U.S. Senator Herb Kohl. The purchase is subject to NBA approval, which is expected.
Lasry, whose specialty is investing in distressed companies, will feel at home with the Bucks. The team will finish the regular season with the NBA’s worst record and lowest home attendance.
Lasry and Edens agreed to keep the team in Milwaukee, which has only won one NBA title, in 1970-71. The Bucks reached the finals for the last time in 1974, losing to the Boston Celtics.
Enter your email address to get WestportNow.com delivered to your inbox:
Powered by FeedBlitz
(Click image to resume)
Click for ConnDOT View
Thanks, Ms. Donovan, for the extraordinary photograph; arguably…by Daniel Katz
Michael, thank you for your kind words. I…by Judy Starr
Judy your many years of service to the…by Michael Calise
For one thing, how will those neighborhood roads…by Judy Starr
Reader nominations welcome:
Burb Man: Brian Rutter
CT News Junkie
Fairfield Co. Real Estate
Friends of Westport Parks/Rec
Geek the Library
Kosher Like Me
Much Ado About Stuffing
Nancy on Norwalk
Nina Pomeroy Photography
Our Town Crier
Prill Boyle's Defying Gravity
Sherwood Island Friends
Taking the Kids
Westport Weather Website
Suggest a Westport-area blog by sending email to: