New Bucks minority owners approved

Kellner, Karmazin among new investors

MILWAUKEE — Wes Edens and Marc Lasry Wednesday announced that the NBA Board of Governors has formally approved a group of individuals to join the ownership group of the Milwaukee Bucks.

The new participants in the ownership group include familiar faces from the greater Milwaukee business community such as Ted Kellner of Fiduciary Management, Jim Kacmarcik of Kapco, Craig Karmazin of Good Karma Brands, Michael Kocourek of Mid Oaks Investments, Keith Mardak of Hal Leonard Corporation and Teddy Werner of the Milwaukee Brewers, as well as several other prominent business leaders with close ties to the Milwaukee area.

“We are so excited about creating a new era of Milwaukee Bucks basketball,” said Bucks owner Marc Lasry. “In just a matter of weeks, we have had an incredible draft, brought on a world-class coach, and have now assembled a visionary group of owners from the community.”

Bucks owner Wes Edens said, “From day one, Marc and I felt a huge part of the rebuilding process would be dependent on having important leaders from Milwaukee join the ownership of the organization.

We believe the future of the Milwaukee Bucks is not only about winning basketball, but also about contributing to Milwaukee and the state of Wisconsin.”