Outgoing owner Herb Kohl thanks Bucks fans
MAY 16, 2014 4:45p ET
Senator Herb Kohl bought the Bucks on March 1, 1985 and spent the next nearly 30 years trying to bring a championship team to Milwaukee -- as well as ensure the team remained in the small-market city.
Thursday, the NBA approved Kohl's sale of the Bucks to Wesley Edens and Marc Lasry for $550 million, which is expected to also keep the Bucks in Milwaukee as Kohl and the new owners have both pledged $100 million towards a new arena.
Friday, Kohl issued a heartfelt thanks to all the Bucks fans and supporters during his tenure.
Here is Kohl's letter in its entirety:
Dear Milwaukee, Surrounding Communities and the State of Wisconsin,
When I bought the Milwaukee Bucks back in 1985, some things I have always been passionate about, basketball, my hometown, and my state, came together to form a unique experience. Having been part of the effort to bring an NBA expansion franchise to Milwaukee in 1968, and then buying the team in 1985 to keep it here, I am honored to have had the privilege to lead the Milwaukee Bucks organization for almost thirty years.
I want to express my gratitude and appreciation to our ticketholders, sponsors, and fans. Your unwavering loyalty has always been critical to the success of our franchise. To our employees, your incredibly hard work, commitment and award-winning customer service have consistently made me proud to represent the Bucks.
Throughout my time with the Bucks, providing our customers with the best combination of quality, value and service has been central to our mission. We've worked tirelessly as an organization and as a team to grow and improve. In spite of last season's inconsistent performance and a record that none of us is proud of, we see the silver lining of this challenging time: we have a core of promising young players, we head into the draft guaranteed to get a top four pick, and we remain dedicated to building a winning team the right way, with the right players, that will make everyone proud.
The Bucks have an exciting future, and I know our new owners, Wes Edens & Marc Lasry, are eager to start their journey and share with you the many bright days and years ahead. Wes and Marc know how much I love our city and state and they share with me how important the Bucks are to our future. Together, we have committed to help finance a new 21st century sports and entertainment facility. They are starting their ownership as I did nearly thirty years ago -- with a commitment to keep the Bucks in Milwaukee. I know our community will welcome them and join and support them on their journey.
On behalf of the entire Bucks family, thank you and here's to the next 30 years of Bucks basketball.
Go Bucks Go,