The Bucks are being sold, staying in Milwaukee.

[D.o.s.]

Happy for the fans.

source coming in a hot minute.

edit -- source:
http://www.jsonline.com/blogs/sports/255507661.html

The Bucks have announced a major news conference at 2:30 p.m. at the BMO Harris Bradley Center, prior to the team's final regular-season game vs. Atlanta.

Discussions with multiple parties have taken place in recent months. Kohl announced in December he was searching for additional investors to take the franchise into the future. He made a condition of a sale that the team would remain in Milwaukee.

An ownership transfer would be subject to league approval.

Kohl bought the Bucks for $18 million in 1985 and has owned the team for 29 seasons.

Edens is the co-founder of the Fortress Investment Group LLC, based in New York. According to federal Securities & Exchange Commission documents, the firm has $61.8 billion in assets under management.

Lasry is the chairman, CEO and co-founder of Avenue Capital Group. As of March 31, 2014, the firm had $13.6 billion in assets under management.

A source with knowledge of the sales process said bidding on the team began at $400 million. Forbes magazine, which annually assesses the value of professional sports franchises, said the Bucks were worth $405 million, last in the National Basketball Association.