Like us on Facebook

Follow us on Twitter

Results 1 to 6 of 6
  1. #1
    Join Date
    Dec 2007

    Lightbulb Bucks minority owners announced

    The Milwaukee Bucks have disclosed the identity of a "substantial" new owner — New York City hedge fund manager Jamie Dinan — and a raft of additional Milwaukee-connected investors including Wisconsin Energy Corp. CEO Gale Klappa; Brookfield hospital and arena developer Jon Hammes; and a group of prominent African-Americans in business including Cory Nettles and Valerie Daniels-Carter.

    Dinan is the founder, chairman and CEO of York Capital Management, of New York City. He is 55 and founded the firm at age 32 in 1991, according to York Capital Management manages nearly $23 billion in assets, Forbes says.

    The Bucks said late Thursday that Dinan in July became an owner and describe his interest in the team as "substantial." The Bucks said Marc Lasry and Wes Edens, who also are New York City investment executives, remain majority owners. Lasry and Edens bought the team in May for $550 million from Herb Kohl.

    The Bucks released the information on the new investors Thursday night to the Milwaukee Business Journal. The team did not disclose dollar amounts for the new investments.

    The group that includes Nettles and Daniels-Carter is called Partners for Community Impact LLC (PCI). The other members are Johnson Controls Inc. executive Chuck Harvey; former Miller Brewing executive Virgis Colbert; and Michael Barber, chief operating officer of a GE Healthcare unit in Wauwatosa.

    Harvey is one of three co-chairmen of the Cultural and Entertainment Capital Needs Task Force that is studying possible public funding for a new arena as well as Milwaukee cultural assets the Milwaukee Public Museum, Marcus Center for the Performing Arts and Milwaukee County Zoo.
    Daniels-Carter is co-founder, president and CEO of V&J Holding Companies, which owns fast-food franchises. Nettles is the founder and managing director of Milwaukee private-equity investor Generation Growth Capital and a former Wisconsin commerce secretary under then-Gov. Jim Doyle.

    The Bucks said they believe the African-American investors group is the first of its kind in the NBA. Daniels-Carter said the arrangement could serve as a model for other franchises looking to diversify their ownership.

    "PCI represents a historic collective of African-American community and investment-minded business leaders," Daniels-Carter said in a press release. "We see a unique opportunity to bring together a storied local sports franchise with a group of minority business leaders who are committed to ensuring that the benefits of this economic activity reach the full community."

    The members of Partners for Community Impact sought to join the Bucks organization shortly after hearing Lasry speak at a Metropolitan Milwaukee Association of Commerce board meeting in Milwaukee.

    "Marc, Wes and I are thrilled to have the Partners for Community Impact group join us on our quest to make the Bucks organization the best in basketball," said Dinan said in a press release.

    Dinan said the Bucks organization looks forward to utilizing PCI members "knowledge and expertise to build the future of Milwaukee."

    The Bucks had disclosed in July the identities of six southeast Wisconsin minority investors in the team. They are: Ted Kellner of Fiduciary Management and Fiduciary Real Estate; Keith Mardak of Hal Leonard Corp.; Craig Karmazin of Good Karma Brands; Teddy Werner of the Milwaukee Brewers; Lake Geneva private equity investor and real estate owner Mike Kocourek; and Kapco Inc. president Jim Kacmarcik.
    Hammes has long been speculated as a possible Bucks investor. His company Hammes Co., which includes a sports development group, was retained in January by the Metropolitan Milwaukee Association of Commerce to study and recommend strategies for the Milwaukee community to build a new downtown arena or remodel the BMO Harris Bradley Center.

    "I am thrilled for the future of basketball in Milwaukee," Hammes said in a press release. "Being home to a strong franchise will pay off in the long-term for all of our local institutions and their athletic activities. I believe we have the ownership team to do great work and am eager to take our next steps toward making the Bucks a model for other basketball teams across the country."

    Klappa is chairman and CEO of Milwaukee-based Wisconsin Energy, the corporate parent of We Energies and the largest electric and natural gas utility in Wisconsin. Klappa, like Kellner, serves on an MMAC board subcommittee that retained Hammes Co. for the arena study.

    "I couldn't pass up the opportunity to join with such distinguished fellow owners of the Bucks franchise," Klappa said in a press release. "The talent in the front office, on the court and throughout the ownership is second to none. All of us are united in our goal of building the Bucks organization into an economic engine for Milwaukee and Wisconsin."

    Well Kohl donated $100M and Eden and Lasry $50M each. So that's $200M. I'm sure all these minority owners had to flip in minimum $100M or more combined. Now the naming rights of the arena and naming the gates and other advertisements. Naming of the arena should be at least $40M to $50M for like 15 to 20 years or so. Each gate should be like $5M. Besides rent on a big food court should be a lot of money. Then get Marquette in on this for at least $30 to $50M and we should be well over $400M. Plus maybe a parker garage? No need for a tax tif.
    Last edited by MILLERHIGHLIFE; 10-17-2014 at 08:50 AM.

  2. #2
    Join Date
    Dec 2007
    While Junior Bridgeman, Kareem Abdul-Jabbar, Aaron Rodgers and Caron Butler all missed out (for now) on buying a piece of the Milwaukee Bucks, it turns out there's at least one new investor with professional sports experience: Valerie Daniels-Carter.

    A successful entrepreneur whose resume also includes being the first African-American woman to serve on the Green Bay Packers' board, Daniels-Carter told the New York Times in 2012 that her first job out of college also required that she give up on her pro hoops aspirations.

    After graduating with a business degree in 1978, I got a job offer from what is now U.S. Bank in Milwaukee. I had played basketball from middle school through college, and along with the bank's offer, I received one from the Milwaukee Does to play professional basketball. After the first few practices, I didn't think it would be a career that would sustain me, so I took the bank job. In those years, women's basketball did not have the stature it does now.

    Smart move, Valerie.

    After starting her career at US Bank, Daniels-Carter went on to open her first Burger King franchise with her brother John Daniels in 1982, and the rest is history. Her V&J foods now operates over 100 franchises across the country, many of which are in the Milwaukee area (my personal fave: the Auntie Anne's at Mitchell International).

    For those unfamiliar with the Does (you know, as in deer), they were a team in the short-lived Women's Professional Basketball league that existed from 1978-1980. And as it turns out, Daniels-Carter missed out on a chance to play in the first women's professional game in the U.S., which took place on December 9, 1978 at the Milwaukee Arena between the Does and the Chicago Hustle.

    Interestingly, the Does were coached for part of the 79/80 season by none other than former Bucks coach Larry Costello, though he departed before the season finished after complaining of not being paid. Turns out that was a sign of things to come, as the Does folded after that second season and the league disbanded one year later.

  3. #3
    Join Date
    Mar 2008
    Southwest Wisco
    Had no idea Caron Butler was interested. He just demanded his way out of here as a player, after he said it was a dream to play for his home state team.

  4. #4
    Join Date
    Dec 2007
    •The Bucks quietly added hedge fund manager Jamie Dinan to their ownership team in July, reports Don Walker of the Milwaukee Journal Sentinel. Dinan is a “substantial investor” in the franchise, though it’s not clear if his stake is equal to that of controlling owners Wesley Edens and Marc Lasry. Seven additional new owners have bought shares of the Bucks, the team announced, and one of them is Jon Hammes, who was rumored to be in the running for a minority share this spring. Just how much of the team Hammes and the other new owners purchased is unknown.

  5. #5
    Join Date
    Dec 2007
    You can't have too many owners, it seems.

    The Bucks announced today that Palermo's Pizza CEO Giacomo Fallucca is the latest to join the ownership group, bringing the total number of known local or regional investors now up to 14.

    From the team's press release:

    "Today, the Milwaukee Bucks announced the addition of another prominent Milwaukee community and business leader, Giacomo Fallucca, CEO of Palermo Villa Inc., to the Bucks ownership team. Fallucca is a longtime supporter of the Bucks organization, helping secure and strengthen the team's 17-year partnership with Palermo's.

    "We're proud to add Milwaukee native and longtime Bucks partner Giacomo Fallucca to the amazing group of leaders that have joined the Bucks ownership team," said Bucks owner Marc Lasry. "With his strong roots in Milwaukee and his active commitment to the community, we're grateful to have him involved in our effort to build the Bucks into the best franchise in the NBA and a catalyst for growth in Wisconsin."


    "Milwaukee is a great city, and the Bucks are an important part of what makes our community so special. Being home to an NBA franchise not only makes Milwaukee exciting for fans, it helps drive economic growth and strengthens our community," Fallucca added. "I'm proud to join Marc, Wes and the many other terrific community leaders to help usher in a new era of Bucks basketball."

    The move isn't surprising given the connection Palermo's and the Bucks have had in those seventeen years. They have their name attached to the Palermo's Courtside Club, a bar/restaurant area just feet away from the basketball court. You may also remember Palermo's if you watched the video chronicling a day in the life of Giannis Antetokounmpo last summer, where the Bucks pay a visit to Palermo's for some pizza making lessons with Fallucca.

    In addition to being the CEO of Palermo Villa, Inc., Fallucca is also a co-chair on Milwaukee's youth employment program Earn & Learn. He was also the past President of the National Frozen Pizza Institute. We're not sure if the position is still open, but one of our own appears to be curious. @brewhoop
    The Bucks' newest investor previously served as president of the National Frozen Pizza Institute. Related: I now have a new dream job.

    11:29 AM - 23 Oct 2014
    Go get 'em, Frank!

  6. #6
    Join Date
    May 2020
    “Welcome to We Buy Houses Memphis, the Official Cash Home Buyer of Memphis, Tennessee, and surrounding areas.

    We provide home sellers with a cash option to purchase their property quickly—with NO Repairs, and NO Fees or Commissions.

    Simply go to our website or call us at (901) 300-9011 to get a no-obligation cash home offer sent to you. It’s free and confidential.

    Avoiding foreclosure? Facing divorce? Moving? Upside down in your mortgage? Liens? It doesn’t matter whether you live in it, you’re renting it out, it’s vacant, or not even habitable. We help owners who have inherited an unwanted property, own a vacant house, are behind on payments, owe liens, downsized, and can’t sell… even if the house needs repairs that you can’t pay for… and yes, even if the house is fire damaged or has bad rental tenants.

    Basically, if you have a property and need to sell it… we’d like to make you a fair cash offer and close on it when you’re ready to sell.

    Just contact us today to get started!

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts