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The team’s present majority owner, the Molson loved ones, acquired the stake at a $2.five billion valuation. Bill Haslam’s buy of the Nashville Predators was also authorized in 2023. The former Tennessee governor will acquire control of the franchise over various years with payments at escalating valuations, such as additional than $1 billion for the final a single in 2025. Sportico values the group at an estimated $875 million in the transaction based on the structure of the deal. Jimmy and Dee Haslam purchased a 25% stake in the Milwaukee Bucks at a $3.two billion valuation. Restricted partner stakes commonly do not carry several rights, but the original Bucks agreement between Marc Lasry and Wes Edens named for them to rotate as the team’s governor each and every five years. In July, a group led by Rick Schnall and Gabe Plotkin purchased the Charlotte Hornets from Michael Jordan at a $three billion valuation. The Phoenix Suns have been the very first NBA group sold because Glen Taylor reached a deal in 2021 to sell the Minnesota Timberwolves over various years to a group led by Marc Lore and Alex Rodriguez.