NBA Board of Governors approves sale of Bucks

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NBA Board of Governors approves sale of Bucks

By Jay Sorgi. CREATED May 15, 2014

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.

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."