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Herb Kohl’s Historic Sale of the Milwaukee Bucks: A Legacy Continues

Herb Kohl’s ownership of the Milwaukee Bucks was marked by passion, commitment, and a deep connection to the community. In 2014, after 29 years at the helm, Kohl made a historic decision to sell the team.

The Dream of Ownership

Herb Kohl’s journey with the Milwaukee Bucks began in 1985 when he purchased the team for $18 million.

At the time, the franchise faced the looming threat of relocation, and Kohl’s acquisition was a pivotal moment that ensured the team would remain in Milwaukee.

Kohl’s dream of owning an NBA team became a reality, and his stewardship over the Bucks began.

A Lifelong Commitment

Throughout his ownership, Herb Kohl displayed unwavering dedication to the Milwaukee Bucks and the city of Milwaukee. He invested not only financially but also emotionally, becoming an integral part of the team’s identity.

The Historic Sale

In 2014, Herb Kohl made the decision to sell the Milwaukee Bucks, marking the end of an era. The sale, valued at $550 million, was a monumental transaction that highlighted the increased financial value of NBA franchises.

The team was purchased by two New York hedge-fund investors, signaling a new chapter for the Milwaukee Bucks.

Preserving the Legacy

Herb Kohl’s sale of the Bucks was not merely a financial transaction; it was a strategic move to secure the team’s future and ensure its continued success.

The infusion of new ownership brought fresh perspectives, resources, and opportunities for growth.

Legacy Beyond Ownership

While Herb Kohl’s role as the owner concluded with the sale, his legacy endured. The impact of his ownership extended beyond the financial transaction, leaving an indelible mark on the Milwaukee Bucks franchise.

Kohl’s vision and commitment laid the foundation for the team’s subsequent achievements, including an NBA championship in 2021.