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Kohl Seeking Ownership Partners for Bucks

Updated: 12/16/2013 1:09 PM
Created: 12/16/2013 1:08 PM WDIO.com

MILWAUKEE (AP) - Milwaukee Bucks owner Herb Kohl says he's looking for new investment partners committed to keeping the team in the city.

Kohl says he's hired Steven Greenberg, of Allen & Co., in New York, to advise him on the search for new ownership partners. The former U.S. senator says he's owned the team for 29 years and adding to ownership will provide more stability for the future.

The Journal Sentinel reports Kohl says additional owners don't have to come from Milwaukee, but must be committed to keeping the franchise in Milwaukee. The 78-year-old Kohl says he doesn't have a number of potential investors in mind.

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Information from: Milwaukee Journal Sentinel

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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