One month after the press conference that announced Herb Kohl's sale of the Milwaukee Bucks to Marc Lasry and Wes Edens, the deal has finally been approved by the NBA's Board of Governors. The Bucks will now be under new ownership for the first time in 29 years, and a new era of the franchise can officially begin.
Per NBA Commissioner Adam Silver:
"We are pleased that Wes Edens and Marc Lasry have been approved as the new owners of the Milwaukee Bucks. The Bucks and their fans will benefit greatly from their vast business experience, energy and strong commitment to Milwaukee. I would like to thank Senator Kohl again for his unprecedented and historic financial gift toward the construction of a new Milwaukee arena and for his outstanding service to the league and his community over his nearly 30-year tenure."
It is unclear what will come next for this franchise, but a fresh start for a team that has been stuck going about its business without a strong sense of direction for two decades could be exactly what was necessary. Lasry and Edens spoke about wanting to establish a world-class organization in Milwaukee. Maybe that process starts today.