Who is Jimmy Haslam and what is his net worth right now? Exploring his potential move to buy stake in Milwaukee Bucks
Jimmy Haslam's impressive business portfolio may soon include the Milwaukee Bucks, one of the best NBA teams. Haslam is a 68-year-old American businessman who has shown interest in owning the team.
This won't be his first sports team as he's the majority stakeholder for the Cleveland Browns in the NFL. He purchased his stake in the football team in 2012 and has made billions of dollars from it.
This article will reveal everything you need to know about the sports executive. We will reveal Jimmy Haslam's net worth in 2023 as well as some of his most profitable companies.
Jimmy Haslam is interested in purchasing the Milwaukee Bucks
According to Forbes, Haslam's net worth is estimated at $4.8 billion in 2023. Marc Lasry, who is currently the co-owner of the Milwaukee Bucks, is interested in selling his stake to Haslam.
Lasry owns around 25% of the Eastern Conference team. He is a part of the group that purchased the Bucks in 2014 for $550 million. However, the price of the team has drastically increased since then.
American businessman/Cleveland Browns owner Jimmy Haslam and Haslam Sports Group are in serious talks to buy Milwaukee Bucks co-owner Marc Lasry's stake in the Bucks, sources tell me, @sam_amick and @eric_nehm.
Story at @TheAthletic: theathletic.com/4156400/2023/0…
While it's difficult to correctly estimate the value of the Bucks, Forbes estimates it at $2.3 billion, making it the 15th most expensive team in the NBA. The company also claims that the team had a 21% growth compared to last year.
Considering that Lasry owns a quarter of the team, his stake would be worth around $575 million. However, it won't be surprising if the actual figure is a lot higher.
Earlier this week, Mat Ishbia completed his purchase of the Phoenix Suns for $4 billion. While no one knows how much Jimmy Haslam is offering for the Bucks, the amount may be close to $1 billion.
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The Bucks are one of the best teams in the league and they won a championship in 2011. They are also among the favorites to win the title this year, which may drastically increase the value of the team.
Haslam is a very successful businessman
Since his acquisition of the Cleveland Browns in 2012, Jimmy Haslam's net worth has increased greatly, making him one of the 1,000 richest people in the world.
The American businessman is also chairman of Pilot Flying J, a chain of truck stops operating in the United States and Canada. With more than 800 locations in North America, his company generates billions of dollars in revenue every year.
When it comes to sports, Jimmy Haslam's business portfolio included a minority stake in the Pittsburgh Steelers. However, he had to sell his stake when he acquired the Browns in 2012.
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The successful businessman also owns the Columbus Crew, a professional soccer club that competes in the MLS.