The Milwaukee Bucks are officially in the hands of Wesley Edens and Marc Lasry.
That news came late Thursday afternoon when the NBA approved the deal at its Board of Governors meeting.
YAY!! RT @NBAPR: NBA Board of Governors Unanimously Approves Sale of Milwaukee Bucks to Wesley Edens and Marc Lasry— Eric Buenning (@ericbuenning) May 15, 2014
The NBA Board of Governors has unanimously approved the sale of the Bucks to Wesley Edens and Marc Lasry— Chris Mannix (@ChrisMannixSI) May 15, 2014
The duo from New York bought the team from Herb Kohl for $550 million. They also agreed, along with Kohl, to pledge a combined $200 million for a new arena.
"We want to stay in Milwaukee," Edens said at a news conference in April.
"My mom was born and raised in Wisconsin," Edens also explained. "Marc and I are lifelong basketball fans. We're competitive guys...we have a big vision for the Bucks."