Tag Archives: Marc Lasry

The Bucks Don’t Stop Here

Posted on April 17, 2014 | 3 comments

This is New York Knicks territory. But in one house on Beachside Avenue, Milwaukee Bucks jerseys may soon be in vogue.

Hedge fund titan Marc Lasry — whose $1.7 billion fortune lands him at #1047 on Forbes’ list of the world’s billionaires — is one of 2 men hoping to buy the hapless NBA team. (How bad are they? Their 15-67 record this year was even worse than the 37-45 Knicks’.)

Marc Lasry. (Photo/Avenue Capital Group)

Marc Lasry. (Photo/Avenue Capital Group)

Lasry — a low-key financier, but also a prodigious Democratic fundraiser — and fellow Wall Streeter Wesley Edens have offered longtime owner Herb Kohl $550 million for the Bucks. The 4-term Democratic Senator from Wisconsin bought the team in 1985 for $18 million (about $40 million today), according to the New York Times. The sale must be approved by at least 23 of the 30 NBA owners.

But don’t expect to see the Bucks in Webster Bank Arena. Lasry and Edens have pledged to keep the team in Milwaukee.

Thankfully.

Milwaukee Bucks

 

 

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Posted in People, Sports

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Wall Street Meets Main Street — Westport-Style

Posted on February 8, 2010 | Comments Off on Wall Street Meets Main Street — Westport-Style

Much of America learns about the financial crisis by reading the Wall Street Journal, and watching congressional hearings on C-Span.

Not Westport.  Our town is filled with what used to be called Masters of the Universe.  They work on Wall Street, but return here at night.

And when they’ve got a spare minute, they share their insights with the rest of us.

David Komansky

Last year, at one of the bleakest moments in economic history, David Komansky and Marc Lasry delivered what they’d promised to a standing room only Westport Library crowd:  helpful, thoughtful insights from 2 men with important perspectives.

This Thursday they return (7:30 p.m., McManus Room), for a “Community Conversation:  What’s Happened to Wall Street, Part II.”

Komansky spent 35 years at Merrill Lynch.  At the height of its power, he was chairman and CEO.  He serves on the Library’s Advisory Council.

Marc Lasry

Lasry is founder and CEO of Avenue Capital Group, a $20 billion distress hedge fund firm.

Dan Goodgame — financial journalist, editor and media consultant — will moderate.

The discussion will include a look at the past year; bailouts and their aftermaths; the implications for the future — and much more.

Chris Dodd and Barney Frank:  Eat your hearts out.

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Posted in Economy, Library, People

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