5 Candidates to Team Up With Milwaukee Bucks’ Owner
Finding a Suitable Co-Owner for the Milwaukee Bucks
When Milwaukee Bucks owner Herb Kohl announced that he was looking for an ownership partner there were surely a few people who were a bit surprised. After all Kohl has been the Bucks' owner since 1985, serving as a stalwart that would always be around through the organization's highs and lows. To see him even concede to giving up a small stake of the ownership -- with the possibility of a majority share moving forward -- is surprising to say the least.
But when considering that Kohl is now 78 years old and as a native of Wisconsin is interested in keeping the team viable long past his death things start to make sense. Always described as a selfless man, it is clear that the owner is much more interested in the Bucks being successful on and off the court moving forward than any personal gain, and he knows his time as owner is undoubtedly running out.
Additionally it must be taken into account that the Bucks are in the process of finding support for a new arena in Milwaukee and need both additional resources and a firm voice to get a deal done. After watching the Milwaukee Brewers fight for years before finalizing a deal for Miller Park to be built in 1996 by a mere vote, there is no doubt any help for Kohl will be crucial.
When it comes to actually finding a suitable business partner, there is no doubting that Kohl would prefer to find someone who has interest in keeping the Bucks in Milwaukee and a large amount of money. With this in mind I have taken the liberty of identifying five potential candidates to be become either a partial or whole owner of the Milwaukee Bucks.
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5. Stewart Rahr
Stewart Rahr is the former owner of pharmaceutical company Kinray and is worth roughly $1.7 billion according to Forbes. After selling Kinray back in 2010 it was reported that Rahr was interested in buying an NBA team, and there is little doubting that he still maintains an interest in doing this. As a bit of a wild spirit and sometimes controversial figure, Rahr would go into the element of outspoken owners like Mark Cuban and likely bring a level of flair and excitement that is not often seen in Milwaukee. At this point he is an outsider to team up with Kohl, but it would be hard to count the 67 year old out.
4. Brett Favre
As a former quarterback for the Green Bay Packers, Brett Favre holds special standing in the state of Wisconsin and his star power would certainly help Kohl. Favre would likely not have the money required to buy the team on his own but could surely help head an ownership group much in the way that Magic Johnson did to buy the Los Angeles Dodgers. Doing this would help bring a strong financial backing to the organization while also having a head that would bring a strong presence to any negotiations over a new arena.
3. Judy Faulkner
Judy Faulkner is the chief executive and founder of Epic Systems, an electronic health record company that brought in $1.5 billion in revenue in 2012. Faulkner is from the state of Wisconsin, went to college at the University of Wisconsin and maintains a residence in the state. Despite being a seemingly high profile resident in Wisconsin she maintains a low profile, which lines up well with the way Kohl operates. Still, her net worth of $2.3 billion and massive ties to the local area would suit the Bucks well by bringing in a good financial backing and a person who will not move the team from Milwaukee.
2. Kareem Abdul-Jabbar
Kareem Abdul-Jabbar played for the Bucks from 1969-1975 and almost always spoke of the city in very pleasant terms both before and after leaving. In recent years there have been rumblings that he wanted to become the team's coach, and the influence of a star of Abdul-Jabbar's magnitude on the city and organization would be massive. Moving into the role of part owner would help to bring credibility to Milwaukee that hasn't been present in recent years and could also line up the former star center for a role on the coaching staff. Doing this would be a win-win for both the city and Abdul-Jabbar and would likely ensure they do not re-locate in the future.
1. Bud Selig
Bud Selig has previously owned the Milwaukee Brewers and has had huge ties to the state of Wisconsin throughout his life. These ties include to Kohl, as the two were roommates in college and are both interested in the advancement of sporting teams in Milwaukee. With Selig leaving his post as commissioner of MLB at the end of the 2014 season, he will need something to take up the void of not having any real commitments. Clearly buying into the Bucks could fill this void and looks to be the most likely pick in Kohl's search for an ownership partner.