The basketball industry is going through a significant sale involving the Milwaukee Bucks.
According to ESPN, Marc Lasry, a co-owner of the Bucks, has agreed to sell his stake in the team to Jimmy and Dee Haslam, owners of the Cleveland Browns, for $3.5 billion.
The deal is subject to league approval and represents approximately 25% of the team.
After the $4 billion purchase of the Phoenix Suns earlier this month, it will be the second-highest valuation for an NBA team if it passes.
In 2014, Lasry and his finance partner Wes Edens purchased the Bucks for $550 million.
