Private equity executives have long made their bank accounts swell by taking underperforming assets, then turning them into champions. Next, it looks like PE pros will take their game to the NBA. Marc Lasry is the latest to join the fray, investing in the Milwaukee Bucks at a record price tag, but other franchises — like the Los Angeles Clippers — are piquing bidder interest. At least one bidder wants to buy the Minnesota Timberwolves, The Deal exclusively reported earlier this week. But, after bailing on an auction, is the team’s owner finally ready to sell?
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