Milwaukee Bucks owner Herb Kohl wants to add to the team's ownership group in hopes of building a new arena that he said would cement the NBA team's long-term future in Milwaukee.
Kohl said Monday he hired a firm to help in the search for new partners, and that any new partners who are added will have to be equally committed to keeping the team in Milwaukee.
"I like to believe that bringing in new ownership ... if it's done in the right way, will reinvigorate the franchise and make our future in Milwaukee stronger and more secure," he said.
Keeping the team in Wisconsin's largest city would require a new arena to replace the 25-year-old BMO Harris Bradley Center, also home to Marquette basketball and the Milwaukee Admirals of the AHL, he said.
"Without new investors and without a new facility, would we at some point lose the Bucks? Yes," he said.
The Bucks are currently 5-19 last in the Eastern Central Division.