Marc Lasry is in serious talks to sell his stake in the Milwaukee Bucks to Jimmy Haslam and Haslam Sports Group.
Haslam would join the ownership group with current co-owner Wes Edens.
Edens and Lasry bought the Bucks from Herb Kohl in 2014 for $550 million.
The process with Haslam began after Lasry considered selling his stake in the Bucks to Mat Ishbia, who instead bought controlling interest in the Phoenix Suns.
Haslam is already the owner of two professional sports franchises, the Cleveland Browns in the NFL and the Columbus Crew in the MLS.