The worst team in the NBA is worth more than half a bill

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May 7, 2013
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Herb Kohl, the former U.S. senator, announced Wednesday that he was selling the Milwaukee Bucks to hedge-fund billionaires Wesley Edens and Marc Lasry. Edens is the co-founder of Fortress Investment Group FIG -0.94% , and Lasry is the co-founder of Avenue Capital Group.

The price tag was $550 million