Junior Bridgeman Acquires 10% Stake in Milwaukee Bucks
Former NBA player Junior Bridgeman is purchasing a 10% stake in the Milwaukee Bucks, valuing the team at $4 billion. Bridgeman, who played for the Bucks for a decade, has a net worth of nearly $600 million from his business ventures.
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Highlights
- Junior Bridgeman is acquiring a 10 percent ownership stake in the Milwaukee Bucks.
- The deal values the Bucks at $4 billion, with Bridgeman purchasing at a $3.4 billion valuation due to a 15% preferred limited partner discount.
- Bridgeman played for the Bucks for 10 seasons from 1975 to 1984 and has his No. 2 jersey retired.
- Bridgeman has an estimated net worth of nearly $600 million, built through various business ventures including fast-food franchises and Coca-Cola bottling.
- The Bucks were previously valued at $3.2 billion when a quarter of the team was sold to Dee and Jimmy Haslam in 2023.