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Bucks announce sale of team

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The Sports Xchange

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Milwaukee Bucks longtime owner Herb Kohl confirmed Wednesday that he reached an agreement to sell the NBA franchise to hedge-fund billionaires Wesley Edens and Marc Lasry.

The purchase price is estimated at $550 million, ESPN.com reported.

The announcement came before the Bucks' regular-season finale in the BMO Harris Bradley Center against the Atlanta Hawks. The Buckswill finish this season with the worst record in the NBA.

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