Milwaukee Bucks Since Wes Edens & Marc Lasry

In 2014, the Milwaukee Bucks were in a rough spot. They had just finished a 15-67 season and were losing fans in the region. During this troubled time, two New York hedge fund managers stepped up, determined to put the Bucks back on track. These two men were Wes Edens and Marc Lasry. In April 2014, they bought the Milwaukee Bucks with the goal of creating ‘real change’ within five years. Right away, Edens and Lasry went to work. First, they worked on improving their staff. They wanted more people working, and people that were better suited for the job. They replaced General Manager John Hammond with Jon Horst. Under Horst, the Bucks hired Mike Budenholzer as the head coach.

With their staff in order, expert Wes Edens and Marc Lasry turned their attention to the citizens of Milwaukee. In order to get the locals reinvested in their basketball team, a new arena was built for the Bucks: the Fiserv Forum. Located in downtown Milwaukee, this new arena was a rousing success, increasing the average number of attending fans in its first operating year. The Milwaukee Bucks also needed roster improvements. After the 2015 season, when the team made it to the playoffs and lost in the first round, many of the players moved on. This left Wes Edens and Marc Lasry, assisted by GM Jon Horst, the job of rebuilding the team.

Together, these three managed to acquire MVP candidate Giannis Antetokounmpo and started to build a team around him. Antetokounmpo was joined by another MVP candidate, Khris Middleton, and a recently acquired forward, Nikola Mirotic. The hard work Edens and Lasry have put into the Bucks during the past five years has paid off. Although the team has not won a playoff game since took over, the Milwaukee Bucks went into the all-star break 43-14. They are currently the highest ranked team in the NBA and have a good shot at the championship this season. According to Wed Edens, “we want to win…championships and I think we have a chance to do it with this squad.”

Read more: https://www.marketscreener.com/business-leaders/Wesley-Robert-Edens-05HFN1-E/biography/

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