Junior Bridgeman Buys 10% Stake in Bucks

Junior Bridgeman, a former Milwaukee Bucks player, is purchasing a 10% stake in the team, valuing the franchise at $4 billion. Bridgeman is acquiring this stake with a 15% preferred limited partner discount, effectively valuing his investment at $3.4 billion. Known for his successful post-basketball career, Bridgeman has amassed a net worth of approximately $600 million through ventures in the fast-food industry and as a Coca-Cola bottling distributor, and he owns Ebony and Jet magazines. This acquisition makes Bridgeman's stake the fourth-largest among Bucks owners, joining the Haslam family, Wes Edens, and Jamie Dinan. NBA owners will be notified of the sale in a memo on Thursday. Bridgeman's involvement marks the latest significant addition to the Bucks' ownership group.