As the Milwaukee Bucks professional basketball team enters its 40th season, owner Herb Kohl celebrates his 23rd season as President of the ninth winningest franchise in NBA history (sixth winningest among current franchises). Kohl purchased the team on March 1, 1985, from Jim Fitzgerald, ensuring it would remain in Milwaukee.
The National Basketball Association originally awarded the franchise to a Milwaukee group of investors - headed by Wesley D. Pavalon and Marvin L. Fishman - called Milwaukee Professional Sports and Services, Inc. on January 22, 1968. Pavalon and Fishman were named President and Executive Vice President, respectively, as the franchise was incorporated on February 5, 1968.
An application from Milwaukee Pro was registered with the Wisconsin Department of Securities for the sale of 300,000 shares of common stock to Wisconsin residents at $5 per share. Because the issue caught public fancy, an additional 125,000 shares were offered when the stock opened on the over-the-counter market on April 24, 1968.
On the basketball side of the operation, the team went through both the college and expansion draft under the watchful eye of the team's first head coach, Larry Costello.
A Janesville, Wisconsin, businessman, Jim Fitzgerald served as a member of the Board of Directors of Milwaukee Professional Sports and Service beginning in 1973. He assumed his position as Chairman of the Board and President of the Bucks in November of 1976 and held that position until the sale of the franchise to Kohl in the spring of 1985.
We are more than the game of basketball. We are one of the world's premier sports and entertainment franchises; a diverse group of high-performing individuals delivering joy and excitement to millions of basketball fans all over the world.
We are a dedicated, passionate team with an intensity and energy that sets us apart. We make a positive impact in our communities through the on- and off-the-court performance of our teams; we understand that the celebrity of our players and our game requires of us broad social responsibility on a global scale.
We are an organization where continuous innovation and change are embraced. Working with talent at every level, you will come to appreciate that this is the place to build a career where your stats will be measured and your results rewarded.
We are driven to be the best basketball franchise in the world. In our relentless pursuit we are always on the lookout for motivated, talented additions to our continuously expanding roster.
We Love This Game.