In case you missed some major Milwaukee news yesterday – the Milwaukee Bucks longtime owner Herb Kohl announced that he reached an agreement to sell the team to hedge-fund billionaires Wesley Edens and Marc Lasry. Kohl purchased the team in 1985 for $18 million and, if this agreement clears the NBA and its board of governors, will see a return of $550 million. So, that’s a profit.
What makes this news so huge is (A) the sale was made with the condition that the team needed to remain in Milwaukee and (B) that there is an expected plan to build a new stadium to replace the BMO Harris Bradley Center.
While details and known “knowns” are still yet to be fully realized from this new ownership – the idea of a new stadium presents the Milwaukee Admirals with a potential challenge that they haven’t dealt with since the construction of the Bradley Center started. Where is home and what does the future have in store?
There are actually numerous questions that come to mind with this news to me. Do the Admirals, like the Bucks, leave the Bradley Center all together for this new facility? Where will this new stadium be erected? What becomes of the Bradley Center? What does an additional new venue mean for the ol’ MECCA aka the aging US Cellular Arena?
In fact, I’m sure you all probably have even more questions than just that. I’d love to hear your thoughts, opinions, questions, and answers. I think this is a news story that only grows in the coming months. How it impacts the Milwaukee Admirals will be something I’m definitely going to keep my eye on as news of this ownership change continues to pour out.