Bucks owners on naming rights agreement for new arena: “We’d like to do it in the next six months"

Bucks owners on naming rights agreement for new arena: “We`d like to do it in the next six months”

Bucks owners on naming rights agreement for new arena: "We`d like to do it in the next six months"

MILWAUKEE -- The owners of the Milwaukee Bucks hope to finalize a naming rights deal for the new arena in downtown Milwaukee by late this year, the Milwaukee Business Journal is reporting.

Bucks owners Marc Lasry and Jamie Dinan said they anticipate BMO Harris Bank and Potawatomi Hotel & Casino will join the sponsor group for the new arena.

This new information was learned Tuesday, May 10th during and after the Milwaukee Business Journal's "Business of Sports" event at the Pfister Hotel.

The Bucks owners said they would rather have a local sponsor for the naming rights deal, according to the Business Journal.

When asked after the panel discussion about the timing of a naming rights agreement, Lasry said: “We’d like to do it in the next six months.”

According to the Business Journal, the naming rights will be an important revenue source for the Bucks, who will receive all the proceeds of a naming rights deal under the terms of their lease with the Wisconsin Center District.

The new arena is scheduled to be complete in time for the 2018-2019 NBA season.

CLICK HERE for more on this story via the Milwaukee Business Journal.