Business Journal: Herb Kohl seeks new investors for Bucks

Posted Monday, December 16, 2013 --- 12:27 p.m.

From our news partner, WITI in Milwaukee:

MILWAUKEE (WITI) – According to WITI′s partners at the Milwaukee Business Journal, Milwaukee Bucks owner Herb Kohl announced Monday, December 16th that he will seek additional investors for the Bucks.

According to the Business Journal, Kohl says that he anticipates the process taking several months and that he has retained Allen & Co. of New York City as his adviser.

“The process will start this week and will take as long as it needs to take,” Kohl said.

Following the announcement, Kohl says he is committed to keeping the Bucks in Milwaukee.

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