MUScoop

MUScoop => Hangin' at the Al => Topic started by: Tugg Speedman on December 16, 2013, 02:30:36 PM

Title: AP: Bucks owner says new arena vital ... MU too?
Post by: Tugg Speedman on December 16, 2013, 02:30:36 PM
Bucks owner says new arena vital

http://espn.go.com/nba/story/_/id/10147250/milwaukee-bucks-herb-kohl-seeks-add-partners-arena

Updated: December 16, 2013, 3:12 PM ET

Bucks owner Herb Kohl is considering adding to the team's ownership group in hopes of building a new arena that he said is "imperative" for the team's future in Milwaukee.

Kohl said Monday he has hired a firm to help in the search for new partners, and that if any new partners are added, they will be committed to keeping the team in Milwaukee.

That means a new arena to replace the 25-year-old BMO Harris Bradley Center, also home to Marquette basketball and the Milwaukee Admirals of the AHL.

"In addition to committed ownership, it is imperative that we get to a new 21st century sports and entertainment facility in a timely manner, not only for the Bucks but also for the more than 1.5 million visitors who attend nearly 200 events held there each year," Kohl said in a statement.

Kohl, who recently retired after years as a U.S. senator, bought the Bucks in 1985. They are a team that's frequently a candidate for a move because of the age of their arena, but Commissioner David Stern said Kohl's decision shows he is dedicated to preventing that.

"With this announcement, Sen. Kohl continues his mission: to assure continuity of Bucks ownership by broadening its ownership base, and assuring that the fans of Wisconsin will enjoy NBA basketball and other events in a new state-of-the-art facility," Stern said.

Kohl and Stern both said Kohl bought the team with the goal of keeping it in Milwaukee, and that remains a priority now.

"We are proud to be an NBA city," Kohl said. "We are very grateful to our fans and business partners who support us. I am especially proud of the extraordinary people in the Bucks organization who work tirelessly to deliver a good product and great entertainment."

Allen & Co. has been retained to help Kohl with the search.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: Tugg Speedman on December 16, 2013, 02:33:23 PM
Bucks owner Herb Kohl plans to broaden team ownership

http://www.jsonline.com/sports/bucks/bucks-owner-herb-kohl-plans-to-broaden-team-ownership-b99164834z1-236044431.html

Milwaukee Bucks owner Herb Kohl said Monday he is seeking additional ownership partners who are committed to keeping the team in Milwaukee for the long-term.

In a meeting at his office in downtown Milwaukee, Kohl said he has retained Steven Greenberg, managing director of New York-based Allen & Co., to advise him on the search for new partners.

"We want to have as broad an interest as there is," Kohl said in an interview. "But there are these conditions. Anybody who is brought into ownership, if and when it happens, has to be committed fully to keeping the team here.

"This has been one of my life-long interests, the NBA and Milwaukee. And there is no way I would allow people under the Milwaukee Bucks tent unless they have full level of commitment to keeping the team here."

Kohl said additional ownership interests do not have to come from Milwaukee.

He said no negotiations are underway with any parties at this time and he is just beginning the process.

"My primary interest is to strengthen this franchise and make it even more certain that the Bucks will stay in Milwaukee," Kohl said.

"I'm a single individual and I've had the team now for almost 29 years. And I'm not going to live forever.

"I believe that adding to ownership provides more strength, more stability, more certainty.

"Just by way of an off-the-wall thought, if I were hit by a bus tomorrow, people might wonder, 'What's going to happen to the Bucks?'

"I don't know how the process is going to unfold."

The 78-year-old Kohl, who served four terms as a U.S. Senator from Wisconsin, has owned the Bucks since March 1985 when he purchased the team from Jim Fitzgerald. In those 28 seasons, the Bucks have had 11 winning season and reached the playoffs 14 times. In the last 13 years since they reached the Eastern Conference Finals in 2001, they've had just two winning seasons.

Kohl said he doesn't have a projected number of partners in his mind at this point.

Kohl said the team's future without doubt is tied to having a new arena to play in and any new investors must be committed to that.

"How do we make certain that the Bucks stay here?," Kohl said. "Even in my mind, I'm committed to keeping the Bucks in Milwaukee.

"But they can only stay in Milwaukee if they have a place to play. Otherwise it's empty talk."

Discussions on a strategy to construct a new downtown arena to replace the aging BMO Harris Bradley Center are beginning.

Kohl repeated what he has said in the past, that he would make a "significant contribution" to the funding for a new arena.

"I have not changed that," Kohl said. "Full owner or part owner, my commitment stands.

"My point is strength, stability, keeping the team in Milwaukee, not just during my time but for the next generation."

Kohl was asked his reaction to recent governmental actions in surrounding counties with respect to a new arena and refusal by those counties to be subject to a regional tax.

"It's part of the equation," Kohl said. "I believe ultimately when we get to a new facility there needs to be a healthy private sector contribution, in addition to what may or may not be needed from the public sector.

"But I think there needs to be a demonstration to the public that there are private interests willing to step up. I think there will be a greater likelihood of public acceptance of some level of support if there is a healthy private component.

"And I'm trying to put all these pieces together in a way that makes sense for the future of the Bucks in Milwaukee."

Kohl said the only certainty of the Bucks future in the long run will be a long-term lease for a facility.

"That's when you know," he said.

Kohl was asked about baseball Commissioner Bud Selig and whether he might be involved in some way in the future with the Bucks franchise.

Selig brought a major-league baseball franchise to the city and served as Milwaukee Brewers owner before eventually becoming commissioner. He is retiring as commissioner at the end of the 2014 season.

"I see him all the time," Kohl said. "I saw him Saturday. I've had no discussions with him. I placed a phone call to him 15 minutes ago and he wasn't available.

"I know he will be helpful to the extent he can be because he believes in sports, Milwaukee. Is he likely to buy into this thing? No. that's my surmise.

"He wouldn't be a likely candidate for investment, at his stage in life and with the career he's had and how it's winding down in baseball, would he want to start getting involved in owning another franchise? No."

Kohl was also asked about Brewers owner Mark Attanasio.

"I wouldn't speak for anybody, including Selig," Kohl said. "I'm just surmising with Selig. But I would not want to include or exclude anybody."

Kohl said he hopes the process can take place in "a disciplined and organized way" and he is relying on Allen & Co. to handle all inquiries.

Kohl indicated the firm advised him when he considered selling the Bucks to a group led by Michael Jordan in 2003, and the firm also advised Selig as commissioner when the Brewers were sold to Attanasio's group in 2005.

Among the names of possible business partners is Minnesota Wild owner Craig Leipold. Leipold, from Racine, said earlier this year that he "would like to be part of the solution" to keep the Bucks in Milwaukee. "If it means working with people, I will raise my hand up and be one of those guys who help out," he said in April.

Other prominent names include former Bucks star Junior Bridgeman. According to published reports, Bridgeman is full or partial owner of as many as 196 Wendy's fast-food franchises.

Another possible investor would be Jon Hammes, the founder and managing partner of the Hammes Co.

A source familiar with Kohl's thinking on the future of the franchise, said the fact the former senator brought in Allen & Co. suggests Kohl is looking for partners who would first invest as a minority partner with an eye toward buying the team in the future.

"There's plenty of people willing to put in $10 million or $15 million," the source said. "But anytime Allen is involved it's people who would want to own the team."

Kohl's primary goal, the source said, is not just to bring in new ownership partners, but perhaps people with the financial means to contribute financing for a new arena.

"The senator wants to keep the team here and he wants to maintain his legacy," the source said.

An executive with a sports consulting firm who is familiar with Allen & Co., said anything could happen.

"Sometimes you start down the path in this kind of thing and you end up doing something different," the executive said. "More likely what happens is Allen will be testing the waters and seeing what interest there is and finding out what is doable and not doable. And then the client makes a judgment."

The executive said that, in general, "it is easier to find someone to sell control than to find limited partners. Oftentimes, somebody starts out intending to sell limited partnerships, but discovers they are ready to sell, and they sell control. Who knows what will happen?"

The executive said there is little doubt Kohl will see interest.

"From what we've seen there is a great deal of interest in owning an NBA franchise," the executive said.

According to Forbes magazine, which annually reports the value of NBA franchises, the Bucks are worth $313 million. In September, incoming NBA commissioner said the fact the Sacramento Kings were sold for $534 million means that should be the floor for future franchise sales.

An NBA franchise is a solid investment, Kohl insisted, and can be successful in a smaller market.

"To me, bottom line, Milwaukee is and can be an NBA town," he said. "We're not New York, Chicago or Los Angeles.

"There are some considerations regarding the fact some of these smaller markets have no other sports activity. The only pro sports in town is a basketball team.

"We're a multi-sport (town). The Packers are almost like they were playing here in Milwaukee, in addition to the Brewers.

"But the economics of the NBA have now been set up, and it's recent, with the new collective bargaining agreement and the revenue-sharing program, so that even the smaller markets can make money. And we now do. We're not hugely, but we're profitable."

Kohl referred to the collective bargaining agreement negotiated in 2011 when the season was shortened by an owner-imposed lockout. The 2011-'12 season was reduced to 66 games.

"That's a very good development for the NBA that all 30 teams have the ability to be profitable. That makes the economics of owning an NBA franchise more attractive.

"It didn't used to be true but now it's true. So we may draw whatever in Milwaukee and they draw almost twice as much in bigger markets but Milwaukee can be a profitable NBA venture as well as bigger markets.

"The question is Milwaukee viable as an NBA market? Yes, absolutely."

Kohl clearly was thinking about the future on Monday as he announced his plans.

"You might ask, 'Are you talking to us today because you're 5-19?' First of all, it breaks my heart.

"But the answer is no, I'd be having the same conversation if were 19-5.

"We could be sitting here last year or next year, but at this time frame of my life it becomes part of my own life's story. 'What about the Bucks? What about the next generation? What are you going to do to provide for that?'

"Bottom line, you've got to get to a facility where you can sign a lease. But you also have to have the right ownership."

Kohl said the Milwaukee Metropolitan Association of Commerce task force is taking its job seriously.

"Everyone I talk to, including (members) the task force, wants to see a new building, the Bucks stay in town. The question is how do we do it?

"I haven't heard anybody say, 'Who cares?' People care, in terms of the quality of life, economic development downtown. People care to see this happen.

"I'm happy with the task force. I think they're all of the same mind. How do we do it? But do we want to do it? Yes."

Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: ZiggysFryBoy on December 16, 2013, 03:55:09 PM
Is herbie really the sole owner?  That could f×ck over both the team and his family when he kicks the bucket, solely from a tax standpoint.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: BCHoopster on December 16, 2013, 03:57:23 PM
Quote from: ZiggysFryBoy on December 16, 2013, 03:55:09 PM
Is herbie really the sole owner?  That could f×ck over both the team and his family when he kicks the bucket, solely from a tax standpoint.

He has no family so his biggest benefactor is the IRS!
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: madtownwarrior on December 16, 2013, 03:59:34 PM
yeah, what are the odds that Herb Kohl nor his team of accounts forgot to tax or estate planning?


Quote from: ZiggysFryBoy on December 16, 2013, 03:55:09 PM
Is herbie really the sole owner?  That could f×ck over both the team and his family when he kicks the bucket, solely from a tax standpoint.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: akmarq on December 16, 2013, 04:32:42 PM
It's all meaningless talk until they come clean about the level of public funding they're going to require.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: keefe on December 16, 2013, 05:03:23 PM
When Howie Starbucks sold the Sonics to Clay Bennett it was with the proviso that the team had to stay in Seattle. The Sonics spent a lame duck season in Seattle then moved to OKC.

The arena stipulation is non-negotiable as far as the NBA is concerned. Stern said he wanted a team in Seattle but the inability to get a new arena sent them packing.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: muwarrior69 on December 16, 2013, 05:06:11 PM
A new arena could hurt MU if it's far from campus.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: warriorchick on December 16, 2013, 05:07:48 PM
Quote from: muwarrior69 on December 16, 2013, 05:06:11 PM
A new arena could hurt MU if it's far from campus.

Not if they don't knock down the old one.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: keefe on December 16, 2013, 05:11:30 PM
Quote from: muwarrior69 on December 16, 2013, 05:06:11 PM
A new arena could hurt MU if it's far from campus.

I haven't been to Milwaukee in this century but where but downtown would they put one? In any event, they need to get an actionable plan together and that starts with capital. I think the Bucks can be resuscitated but they need proper management and a purpose-built facility. If neither of those elements are put in place then Milwaukee becomes a one-sport town.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: Atticus on December 16, 2013, 05:17:35 PM
From 2001 to 2006, I was a season ticket holder next to 8 of my friends that also bought full ticket packages. Since then, I have been to more admirals games (11), than I have been to bucks games (0).

New stadium or not, my friends and I will not return.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: 🏀 on December 16, 2013, 06:02:41 PM
Quote from: Atticus on December 16, 2013, 05:17:35 PM
From 2001 to 2006, I was a season ticket holder next to 8 of my friends that also bought full ticket packages. Since then, I have been to more admirals games (11), than I have been to bucks games (0).

New stadium or not, my friends and I will not return.

Like I've been saying, Milwaukee is all fairweather fans. Where's wades at?
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: dgies9156 on December 16, 2013, 06:09:44 PM
Who is Herbie kidding? He has a team that is the worst in the NBA now. I don't think the Bucks have been out of the first round of the playoffs in half a millennium -- at least it seems that way. Fix the team's performance and the rest will follow.

Until then, our very nice 18,000 seat gift from a very caring family will do very nicely, thank you very much.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: brewcity77 on December 16, 2013, 06:24:55 PM
Quote from: keefe on December 16, 2013, 05:11:30 PM
I haven't been to Milwaukee in this century but where but downtown would they put one? In any event, they need to get an actionable plan together and that starts with capital. I think the Bucks can be resuscitated but they need proper management and a purpose-built facility. If neither of those elements are put in place then Milwaukee becomes a one-sport town.

They could build one in the parking lot next to the BC, between 4th and 6th, and between Highland and Juneau. There's a bit of room still in the old Park East Freeway cooridor, but that parking lot seems most available and logical.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: Tugg Speedman on December 16, 2013, 06:45:06 PM
What about the valley next to the casino?
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: jficke13 on December 16, 2013, 07:16:29 PM
Quote from: dgies9156 on December 16, 2013, 06:09:44 PM
Who is Herbie kidding? He has a team that is the worst in the NBA now. I don't think the Bucks have been out of the first round of the playoffs in half a millennium -- at least it seems that way. Fix the team's performance and the rest will follow.

Until then, our very nice 18,000 seat gift from a very caring family will do very nicely, thank you very much.

The Brewers got Miller Park before they improved their performance.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: chapman on December 16, 2013, 07:31:24 PM
Quote from: dgies9156 on December 16, 2013, 06:09:44 PM
Who is Herbie kidding? He has a team that is the worst in the NBA now.

So they're finally doing something right.  Surprised they're not trying to trade for some washed-up journeymen to push for that 8 seed.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: The Lens on December 16, 2013, 07:36:47 PM
If the Bucks end up with a Top 3 pick in this draft and couple that with Larry / Henson & Giannis they'll will have an on-court core and the Milwaukee fair weathers will return in droves.  What the Bucks need though is a new facility to maximize those attendees. 

You can spend money a lot easier at Miller Park than at the BMO BC.  That needs to change.

If the Senator stays out of the way and lets them tank, talent will not be an issue.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: ChicosBailBonds on December 16, 2013, 07:39:46 PM
Quote from: BCHoopster on December 16, 2013, 03:57:23 PM
He has no family so his biggest benefactor is the IRS!

He has no family?
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: Lennys Tap on December 16, 2013, 07:42:15 PM
Quote from: ChicosBailBonds on December 16, 2013, 07:39:46 PM
He has no family?

I think they mean no wife and kids.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: AZWarrior on December 16, 2013, 07:43:30 PM
Quote from: ChicosBailBonds on December 16, 2013, 07:39:46 PM
He has no family?

I believe I am actually a long-lost nephew.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: Dawson Rental on December 16, 2013, 08:05:09 PM
Quote from: AZWarrior on December 16, 2013, 07:43:30 PM
I believe I am actually a long-lost nephew.

Certainly no one here will argue with long lost.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: source? on December 16, 2013, 08:26:36 PM
Quote from: keefe on December 16, 2013, 05:11:30 PM
I haven't been to Milwaukee in this century but where but downtown would they put one? In any event, they need to get an actionable plan together and that starts with capital. I think the Bucks can be resuscitated but they need proper management and a purpose-built facility. If neither of those elements are put in place then Milwaukee becomes a one-sport town.

The space being discussed is a vacant lot one block north of the Bradley Center.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: Benny B on December 16, 2013, 10:13:12 PM
Quote from: ChicosBailBonds on December 16, 2013, 07:39:46 PM
He has no family?

Not in a sense that would fly with his former constituency.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: martyconlonontherun on December 16, 2013, 10:28:05 PM
I believe Kohl's only "family" is his nephew Dan and a friend who is extremely close to him who sits by him every game.

If the Bucks don't screw it up with a win-now trade, talent will be really high next. Wiggins, Giannis, Henson and Sanders will be really competitive for years to come.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: brewcity77 on December 16, 2013, 10:39:03 PM
Quote from: Heisenberg on December 16, 2013, 06:45:06 PM
What about the valley next to the casino?

If they did that, and I'm sure Poto would be all over it, it would create a great corridor from Poto to Miller Park. That said, it would sap downtown of its biggest draw.

Quote from: chapman on December 16, 2013, 07:31:24 PM
So they're finally doing something right.  Surprised they're not trying to trade for some washed-up journeymen to push for that 8 seed.

I never thought that the Bucks under Kohl would be leading the league in tanking. They seemed to be that team that was the perennial 8-seed or 13th in the lottery. Kohl finally seems to be willing to let the team absolutely suck in hopes that the core they have put together along with a bonafide rookie superstar will be able to grow into a true contender. Maybe, just maybe, a guy like Wiggins or Parker could make the Bucks cool again.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: BCHoopster on December 16, 2013, 11:20:50 PM
Quote from: martyconlonontherun on December 16, 2013, 10:28:05 PM
I believe Kohl's only "family" is his nephew Dan and a friend who is extremely close to him who sits by him every game.

If the Bucks don't screw it up with a win-now trade, talent will be really high next. Wiggins, Giannis, Henson and Sanders will be really competitive for years to come.

I do not think Ric Cobb will be the benefactor, maybe some, but not all. He sits next to him every game.  So does an old basketball coach.  I sit 4 or 5 rows behind him.  Both Danny and another nephew David do not live in Wisconsin and have there own lives.  There father has some coin as well.  Neither at this time are headed to Milwaukee to run the team. 
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: MU82 on December 16, 2013, 11:33:42 PM
Herb Kohl net worth = upwards of $300 million.

Let's get the taxpayers to give me a ton of money!

I know, I know ... that simply is how the game is played now.

Oh, and Marquette would do just fine either way. Bradley Center works just fine as a college venue. Heck, the Arena would still be fine -- it's big enough to bring in nice revenue, small enough to create a waiting list for tickets.

The biggest hurt for MU if the Bucks left would be the intangibles. It's nice for college players -- and, more importantly, prospective college players -- to have NBAers playing right in their town.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: MUHoopsFan2 on December 17, 2013, 02:43:19 AM
Quote from: brewcity77 on December 16, 2013, 10:39:03 PM
If they did that, and I'm sure Poto would be all over it, it would create a great corridor from Poto to Miller Park. That said, it would sap downtown of its biggest draw.

I never thought that the Bucks under Kohl would be leading the league in tanking. They seemed to be that team that was the perennial 8-seed or 13th in the lottery. Kohl finally seems to be willing to let the team absolutely suck in hopes that the core they have put together along with a bonafide rookie superstar will be able to grow into a true contender. Maybe, just maybe, a guy like Wiggins or Parker could make the Bucks cool again.
You got to be kidding....just wait. He will make that win now move. Just hold on...
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: keefe on December 17, 2013, 05:58:34 AM
Quote from: Lennys Tap on December 16, 2013, 07:42:15 PM
I think they mean no wife and kids.

Doesn't Sen Kohl have a traveling companion to whom he would wish to leave his wealth?
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: ChuckyChip on December 17, 2013, 06:23:15 AM
Quote from: MU82 on December 16, 2013, 11:33:42 PM
Herb Kohl net worth = upwards of $300 million.

Let's get the taxpayers to give me a ton of money!

Not defending Herb, but the bulk of his net worth is the Bucks.  It's not like he has the Bucks and $300M in cash laying around.  Yes, he/the Bucks should make a financial contribution to a new arena, but the amount he is able to contribute might be overstated.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: martyconlonontherun on December 17, 2013, 06:44:17 AM
Quote from: brewcity77 on December 16, 2013, 10:39:03 PM
If they did that, and I'm sure Poto would be all over it, it would create a great corridor from Poto to Miller Park. That said, it would sap downtown of its biggest draw.

I never thought that the Bucks under Kohl would be leading the league in tanking. They seemed to be that team that was the perennial 8-seed or 13th in the lottery. Kohl finally seems to be willing to let the team absolutely suck in hopes that the core they have put together along with a bonafide rookie superstar will be able to grow into a true contender. Maybe, just maybe, a guy like Wiggins or Parker could make the Bucks cool again.

You really think kohl wanted to tank? They wouldn't have wasted money on butler, zazA, Delfino, ridnour, and Neal. This was an accidental tank and they wanted to win.

Also rumor had it poto was willing to pay for a good portion of a stadium before there last couple of renovations. Bucks didn't want to leave downtown and the offer is no longer on the table.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: mu03eng on December 17, 2013, 08:05:07 AM
Quote from: MU82 on December 16, 2013, 11:33:42 PM
Herb Kohl net worth = upwards of $300 million.

Let's get the taxpayers to give me a ton of money!

I know, I know ... that simply is how the game is played now.

Oh, and Marquette would do just fine either way. Bradley Center works just fine as a college venue. Heck, the Arena would still be fine -- it's big enough to bring in nice revenue, small enough to create a waiting list for tickets.

The biggest hurt for MU if the Bucks left would be the intangibles. It's nice for college players -- and, more importantly, prospective college players -- to have NBAers playing right in their town.

I think another negative impact would be if the Bucks left, they couldn't serve alcohol at MU games anymore.  I don't think the fact that the Admirals play there would allow for the alcohol exception.  May seem small but I bet it keeps some causal fans away.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: ZiggysFryBoy on December 17, 2013, 08:54:57 AM
Quote from: madtownwarrior on December 16, 2013, 03:59:34 PM
yeah, what are the odds that Herb Kohl nor his team of accounts forgot to tax or estate planning?



It's the same issue that the McCaskey family has with the Bears.  Estate taxes and the transferring of assets is what will the ownership of both teams.  I'm too many years removed from estate planning, so I don't remember all of the details, but there are a number of issues that complicate large transfers in ownership for sports francises.

I'm willing to bet that Herbie's accountants and attorneys have made preparations, but it is considerably more difficult as a single individual with a full ownership stake.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: Shack on December 17, 2013, 09:03:37 AM
Quote from: keefe on December 17, 2013, 05:58:34 AM
Doesn't Sen Kohl have a traveling companion to whom he would wish to leave his wealth?

I believe it's the team ball boy(s)
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: BCHoopster on December 17, 2013, 09:14:23 AM
I have an novel idea, MU should take a stake in the arena and help pay for it as well, they have been very fortunate over all these years to use the Bradley Center, they can give
50-100M, why not!
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: Litehouse on December 17, 2013, 09:18:18 AM
Quote from: mu03eng on December 17, 2013, 08:05:07 AM
I think another negative impact would be if the Bucks left, they couldn't serve alcohol at MU games anymore.  I don't think the fact that the Admirals play there would allow for the alcohol exception.  May seem small but I bet it keeps some causal fans away.

Why wouldn't they be able to sell alcohol?  That's up to the conference and individual schools, and the Big East allows it.  Has nothing to do with the Bucks.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: reinko on December 17, 2013, 09:28:51 AM
Step 1: Keeping Losing
Step 2: Get top pick
Step 3: Get Jabari
Step 4: Build a new frickin' arena
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: Spotcheck Billy on December 17, 2013, 10:43:04 AM
If Silk wants a location downtown bad enough they should invest in the Bucks/new arena and make sure it has room for the club they want. You know any new arena will have restaurants/bars etc. = win-win
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: Dawson Rental on December 17, 2013, 11:09:31 AM
Quote from: BCHoopster on December 17, 2013, 09:14:23 AM
I have an novel idea, MU should take a stake in the arena and help pay for it as well, they have been very fortunate over all these years to use the Bradley Center, they can give
50-100M, why not!

They should be able to get Tom Crean to pledge that much.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: Hards Alumni on December 17, 2013, 11:24:06 AM
Quote from: reinko on December 17, 2013, 09:28:51 AM
Step 1: Keeping Losing
Step 2: Get top pick
Step 3: Get Jabari
Step 4: Build a new frickin' arena

+1 absolutely.  Wish there was a great PG or SG in that group though.  Milwaukee has an absolutely loaded front court already.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: reinko on December 17, 2013, 11:40:25 AM
Quote from: Hards_Alumni on December 17, 2013, 11:24:06 AM
+1 absolutely.  Wish there was a great PG or SG in that group though.  Milwaukee has an absolutely loaded front court already.

If they get the 1-2, you have to Jabari then Wiggins, 3 go with Marcus Smart. 
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: Hards Alumni on December 17, 2013, 11:42:54 AM
Quote from: reinko on December 17, 2013, 11:40:25 AM
If they get the 1-2, you have to Jabari then Wiggins, 3 go with Marcus Smart. 

I agree.  With that lineup they can always trade for a guard.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: brewcity77 on December 17, 2013, 11:46:00 AM
Quote from: martyconlonontherun on December 17, 2013, 06:44:17 AM
You really think kohl wanted to tank? They wouldn't have wasted money on butler, zazA, Delfino, ridnour, and Neal. This was an accidental tank and they wanted to win.

Also rumor had it poto was willing to pay for a good portion of a stadium before there last couple of renovations. Bucks didn't want to leave downtown and the offer is no longer on the table.

I actually did think they wanted to tank when they traded Jennings and spent their big money on Mayo, who is a fine role-player but hardly the type to lead a team to the playoffs. All the guys you list are role-players and back-ups. The Bucks have a solid young core with Sanders, Henson, and Giannis, but while they have veteran role-players, there aren't any of the more established veteran presences like Jennings, Ellis, Bogut, and Redd either were or developed into that could lead them to the playoffs. I don't think they intended to tank this hard, but I don't think this was a team built for playing more than 82 games.

Young guys and the kind of vets you can trial and see if you want around when you land a star to go along with the young front court.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: CreightonWarrior on December 17, 2013, 12:21:58 PM
Quote from: Litehouse on December 17, 2013, 09:18:18 AM
Why wouldn't they be able to sell alcohol?  That's up to the conference and individual schools, and the Big East allows it.  Has nothing to do with the Bucks.
Correct. Alcohol service depends on being on and off campus. The only other tenant at CenturyLink Center Omaha is the University of Nebraska-Omaha hockey team (only for another year or two) and the beer flows here like Niagara Falls.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: GGGG on December 17, 2013, 12:44:00 PM
Quote from: Litehouse on December 17, 2013, 09:18:18 AM
Why wouldn't they be able to sell alcohol?  That's up to the conference and individual schools, and the Big East allows it.  Has nothing to do with the Bucks.


Yep.  Even if Marquette had an on campus arena with no other tenant, they could sell alcohol.

I believe Wisconsin *could* sell alcohol if they wanted, but they just choose not to.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: MerrittsMustache on December 17, 2013, 12:52:44 PM
Quote from: Hards_Alumni on December 17, 2013, 11:24:06 AM
+1 absolutely.  Wish there was a great PG or SG in that group though.  Milwaukee has an absolutely loaded front court already.

Marcus Smart.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: 4everwarriors on December 17, 2013, 12:58:56 PM
Quote from: keefe on December 17, 2013, 05:58:34 AM
Doesn't Sen Kohl have a traveling companion to whom he would wish to leave his wealth?


You mean a Dairy Queen?
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: mu03eng on December 17, 2013, 01:02:42 PM
Quote from: CreightonWarrior on December 17, 2013, 12:21:58 PM
Correct. Alcohol service depends on being on and off campus. The only other tenant at CenturyLink Center Omaha is the University of Nebraska-Omaha hockey team (only for another year or two) and the beer flows here like Niagara Falls.

Thanks guys, I always thought the NCAA had a ban on it unless it was sold there as part of a professional team.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: mu03eng on December 17, 2013, 01:04:56 PM
Quote from: The Sultan of Syncopation on December 17, 2013, 12:44:00 PM

Yep.  Even if Marquette had an on campus arena with no other tenant, they could sell alcohol.

I believe Wisconsin *could* sell alcohol if they wanted, but they just choose not to.

If MU ever moved on campus, unless the new administration is less crazy I think they would stop alcohol sales.  Pilarz specifically and MU BoT in general has been very anti-alcohol to the schools detriment.  Driving alcohol off campus just drives the students off campus where they can get into much more trouble.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: ZiggysFryBoy on December 17, 2013, 01:51:07 PM
Quote from: The Sultan of Syncopation on December 17, 2013, 12:44:00 PM

Yep.  Even if Marquette had an on campus arena with no other tenant, they could sell alcohol.

I believe Wisconsin *could* sell alcohol if they wanted, but they just choose not to.

The Kohl center sells/provides beer in their sky boxes.

They don't sell it in the seats, cuz the blue hairs are already too sleepy.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: AZWarrior on December 17, 2013, 03:29:54 PM
Quote from: Waldo Jeffers on December 17, 2013, 10:43:04 AM
If Silk wants a location downtown bad enough they should invest in the Bucks/new arena and make sure it has room for the club they want. You know any new arena will have restaurants/bars etc. = win-win

Absolutely.  It would start a trend in which every well appointed stadium complex would have at least one gentleman's club.  Gentleman's club - I've always loved that term, BTW.  The originator belongs in the marketing hall of fame.   ;)
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: warriorchick on December 17, 2013, 04:48:00 PM
Quote from: AZWarrior on December 17, 2013, 03:29:54 PM
Absolutely.  It would start a trend in which every well appointed stadium complex would have at least one gentleman's club.  Gentleman's club - I've always loved that term, BTW.  The originator belongs in the marketing hall of fame.   ;)

More like the Irony Hall of Fame.
Title: Re: AP: Bucks owner says new arena vital ... MU too?
Post by: Litehouse on December 17, 2013, 05:28:02 PM
Quote from: CreightonWarrior on December 17, 2013, 12:21:58 PM
Correct. Alcohol service depends on being on and off campus. The only other tenant at CenturyLink Center Omaha is the University of Nebraska-Omaha hockey team (only for another year or two) and the beer flows here like Niagara Falls.

It isn't even on/off campus. Cincy's arena is on-campus and they sell beer there.  It's just up to the school and conference.
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