Former Milwaukee Bucks ahead/guard Junior Bridgeman is shopping for a ten% possession stake within the NBA franchise, based on CNBC’s Michael Ozanian and Jessica Golden.
Former Milwaukee Bucks star Junior Bridgeman is receiving a most well-liked restricted associate low cost of 15%
NBA homeowners can be notified of the sale in a memo Thursday, added different sources. Per a number of reviews, the sources requested to stay nameless as a result of the total particulars haven’t but been made public.
Bridgeman, the present proprietor of Ebony and Jet magazines, is getting a most well-liked restricted associate low cost of 15%, or a $3.4 billion valuation, to purchase a portion of the workforce. The deal reportedly values the Bucks at $4 billion.
NBA’s richest gamers seems like this:
▪️ MJ
▪️ Magic
▪️ Lebron
▪️ Junior BridgemanLots of you do not know the 4th title, he averaged 13 ppg and was by no means an All-Star…
He now has a web value of $600M and is the Bucks latest proprietor
That is the story of Junior Bridgeman ⬇️ pic.twitter.com/Btm6nA4xSy
— Frank Michael Smith (@frankmikesmith) September 12, 2024
In April 2023, Marc Lasry bought his 25% stake within the Bucks to the billionaire Haslam household. Again then, the workforce was valued at roughly $3.2 billion. Bridgeman’s low cost highlights the worth distinction of $800,000.
In accordance with a current profile by ESPN’s Baxter Holmes, the East Chicago native has a web value of almost $600 million. His different enterprise offers embody Wendy’s and Chili’s eating places, together with Heartland Coca-Cola.
In 2016, Forbes ranked Bridgeman the fourth-wealthiest retired athlete on the earth, with an estimated revenue of $32 million. He was behind solely Michael Jordan, David Beckham and Arnold Palmer.
Bridgeman performed 10 NBA seasons with Milwaukee from 1975 to 1984 and returned for one final marketing campaign in 1986-87
Bridgeman, who turns 71 on Sept. 17, began and ended his NBA profession with the Bucks. He performed 10 seasons (1975 to 1984 and 1986-87 season) with Milwaukee and spent 12 seasons (1975 to 1987) within the NBA.
As a 6-foot-5 ahead/guard, he was chosen eighth total by the Los Angeles Lakers within the 1975 draft out of Louisville. He was then despatched to Milwaukee as a part of the Kareem Abdul-Jabbar commerce.
In 849 profession NBA regular-season video games (52 begins), he averaged 13.6 factors, 3.5 rebounds, 2.4 assists, and 25 minutes per contest. He additionally shot 47.5% from the sphere and 84.6% on the free throw line.
After 9 consecutive seasons with the Bucks, the workforce traded him to the Los Angeles Clippers in 1984. Bridgeman returned to Milwaukee earlier than the 1986-87 season, which might be his final. Following the season, he retired having performed 711 video games for the franchise.
That was the all-time file till Giannis Antetokounmpo surpassed it in 2023. Bridgeman’s 711 video games now ranks No. 3 on the record, as Khris Middleton has performed 712 video games for the Bucks.
Bridgeman’s No. 2 jersey was retired by the Bucks in 1988.
