Hedge fund and private equity executives love to buy sports teams and at least two NBA franchises are for sale: Minnesota Timberwolves and LA Clippers. See some of the teams with ties to managers.
Marc Lasry & Welsey Edens - Bucks
The Milwaukee Bucks are the latest sports team owned by hedge fund executives. A group that includes Avenue Capital Management's Marc Lasry (pictured) and Fortress Investment Group co-founder Wesley Edens agreed to buy the team for $550 million.