Bucks owner Kohl seeks new partners
- Associated Press
- December 16, 2013 - 1:00 PM
MILWAUKEE — Milwaukee Bucks owner Herb Kohl says he's looking for new ownership partners to guarantee the franchise's long-term future in the city.
Kohl said he has retained Steve Greenberg, managing director of Allen & Co., to advise him on potential partners. Kohl said in a statement any new partners would "need to be as committed to keeping the team in Milwaukee as I am."
Kohl also said the team needs a new arena.
The team scheduled a Monday afternoon news conference to discuss his plan.
Kohl, 78, has owned the Bucks since 1985.
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