Foley is representing Milwaukee Bucks President and Owner Herbert Kohl in the sale of the basketball franchise to New York investment firm executives Marc Lasry and Wesley Edens. The deal, announced yesterday, is valued at approximately $550 million and will be subject to review and approval by the National Basketball Association Board of Governors. Consistent with his commitment to the Bucks and Milwaukee, Kohl, a former U.S. Senator from Wisconsin, has pledged a $100 million gift for the development of a new arena for the team. In addition to honoring Kohl’s requirement that the team be kept in Milwaukee, the prospective new owners have committed to contribute at least an additional $100 million towards the development of a new arena in the city.
The Foley team was led by Partners Patrick Quick and Kevin Schulz, and also included Spencer Moats, Tyler Parramore, Tim Voigtman, Jason Kohout, George Dionisopoulos, Corey Sheahan, Garrett Bishop, Trish Lane, Nick Faleris, Belinda Morgan, Holden Brooks, and Irwin Raij, among others.