Nov 8, 2021; Washington, DC, USA; Milwaukee Bucks owner Marc Lasry (center) and Head coach Mike Budenholzer (center-right) react as U.S. President Joe Biden welcomes the Milwaukee Bucks to the South Lawn of the White House to honor the team for its NBA Championship. Mandatory Credit: Scott Taetsch-Imagn Images Former Milwaukee Bucks co-owner Marc Lasry still wants to buy a National Women’s Soccer League team.
Lasry, who made failed bids last year for Angel City FC and the North Carolina Courage, confirmed his continued interest in a recent interview with Front Office Sports.
The 65-year-old billionaire’s firm, Avenue Capital Group, lost out last July to Disney CEO Bob Iger and his wife, Willow Bay, in his attempt to purchase Angel City.
“I don’t know why Bob Iger got involved at the end, but he did,” Lasry said. “He’s a great guy. I think him and his wife Willow, I think it was a great investment for them. And they’re great individuals, so I think it’ll be super positive.”
Lasry and Avenue Capital next attempted to acquire a majority stake in the Courage but the deal fell through in December, reportedly due to league restrictions about private-equity ownership.
“I think one of the issues was the fact that the league ultimately at the end sort of decided they wanted individual owners as opposed to funds,” Lasry told Front Office Sports about the failed Courage deal. “I get that. And we’re still trying to figure out if there’s a way we can do it.”
Lasry sold his 25 percent stake in the NBA’s Bucks in 2023 at a $3.5 billion valuation.
–Field Level Media
This news was originally published on this post .
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