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A quick primer on Marc Lasry and Wes Edens, the Milwaukee Bucks' new majority owners


Herb Kohl is reportedly set to announce the sale of his majority ownership of the Milwaukee Bucks for $550 million. Kohl is expected to retain a "significant percentage" of the team, according to ESPN's Marc Stein. The new majority owners are Marc Lasry and Wes Edens, investment bankers who accumulated their fortunes primarily as hedge-fund managers. With plenty of new information sure to pour in over the next 24 hours, beginning with a 2:30 pm press conference from Kohl, here's a quick look at the two men expected to assume control of the Milwaukee Bucks franchise in the coming days.

Marc Lasry

Age: 53 (est.)

Birthplace: Marrakech, Morocco (grew up in Hartford, CT)

Education: B.A. in History from Clark University in Worcester, MA, J.D. from New York Law School.

Claim to Fortune: Founded Avenue Capital Group in 1995, with managed assets estimated at $13.6 billion as of March 2014.

Curious: Lasry was considered for appointment as United States Ambassador to France in 2013 (at the suggestion of Bill Clinton, a close friend), but withdrew for multiple reasons, including his holdings with ACG and possible ties to a poker-ring scam. Lasry is said to be a "competitive athlete," particularly in basketball and tennis.

Wesley "Wes" Edens

Age: 52

Education: B.S. in Finance from Oregon State University.

Claim to Fortune: Co-Founded Fortress Investment Group LLC in 1998, with managed assets estimated at $61.8 billion at the end of 2013. Managing Director at BlackRock Financial Management Inc. prior to 1998.