Bucks sold?

[mufansince72]

Bill Simmons ‏@BillSimmons 2h
Off last tweet: NBA would rather see Bucks stay in Milwaukee but a new arena has to be part of it. Franchise alone will go for 525-550 mill.
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Bill Simmons ‏@BillSimmons 2h
Off last tweet: the NBA has been helping Herb Kohl quietly shop the Bucks around w/o letting it turn into a stay-or-leave soap opera.
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Bill Simmons ‏@BillSimmons 2h
Hearing the Milwaukee Bucks are very VERY close to being sold pending league approval. Might be done already. PS: Not to the Seattle guys.

[MUAlphaBangura]

That is encouraging news. Especially the $$$ Herby would get. He could likely fund a huge portion of the new arena with that, leaving him his legacy building in Milwaukee.

[MU/Panther]

I guess we will see. Let's hope for a new arena!

[mufansince72]

http://www.jrn.com/tmj4/wi-sports/milwaukee-bucks/Report-Late-flurry-of-offers-to-buy-Milwaukee-Bucks-254942561.html

[Goose85]

http://www.jrn.com/tmj4/wi-sports/milwaukee-bucks/Report-Late-flurry-of-offers-to-buy-Milwaukee-Bucks-254942561.html

Great news. I think Herb will pour money into a new arena, and the possible new buyers may have money for that too.

I would like the see the state waive any income tax that Herb may have to pay on the gains from his sale and put those funds toward a new facility.

[IWB]

Herb Kohl has pledged $100 mil to the new arena as have the new owners.

That's $200 mil for a start. Should be awesome.