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It’s typically a one-shot opportunity and the key is being prepared to outbid everyone in the room, says Milwaukee Bucks Co-Owner Jamie Dinan, who was a part of the group that bought the Bucks in 2014 for a fee of $550 million.
That was reportedly more than 50-times higher than the team’s income at the time, but, as Dinan, explains, it was an investment underpinned by a long-term mindset. And the increase in the team’s value seems to be paying off on the court with the Bucks currently sitting at the top of the NBA’s Eastern Conference.
In this edition of 5 Minutes with Leaders, recorded behind the scenes at The Sport Business Summit during Leaders Week New York in May last year, Dinan explains: