This story requires our BI Prime membership. To read the full article,At an event in Manhattan on Tuesday night, Avenue Capital founder Marc Lasry discussed his purchase of the NBA's Milwaukee Bucks, which he made six years ago with fellow billionaire Wes Edens.
While he played in college for one season at Clark University in Massachusetts, the founder of Avenue Capital ended up going to law school and then making billions of dollars as an investor. bought the NBA's Milwaukee Bucks in 2014 for $550 million . "I think it's been the best investment I've ever made," said Lasry, who used his newfound clout in the league to play in the 2016 celeb game that is a part of the All-Star Game festivities. Lasry expects the league and its franchises to continue to grow in value thanks to the demand for live sports.
"The amount of time we spend going through on value makes the basketball people very upset," he said.
It was great for Milwaukee too! Herb Kohl was running that team into the ground
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