BREAKING: Mike Budenholzer Returns to Milwaukee Bucks as Co-Owner…………
Milwaukee, WI — July 5, 2025
In a historic and emotional development for the Milwaukee Bucks and their fanbase, former head coach and franchise icon Mike Budenholzer is returning to the organization—not on the sidelines, but in the boardroom. Bucks owners Wes Edens, Marc Lasry, Jamie Dinan, and Herb Kohl and his family made the surprise announcement this morning: Budenholzer will join the team’s ownership group as a co-owner beginning in the 2025-26 NBA season.
The announcement marks a monumental moment in the franchise’s storied history, as Budenholzer transitions from one of the team’s most successful head coaches to one of its most prominent decision-makers.
From Coach to Co-Owner
Mike Budenholzer, affectionately known as “Coach Bud” by players and fans alike, coached the Bucks from 2018 to 2023, leading the team to one of its most successful eras. Under his leadership, Milwaukee clinched the 2021 NBA Championship, ending a 50-year title drought and restoring the team to elite status in the league. His tenure also included multiple Central Division titles, Eastern Conference Finals appearances, and a consistent playoff presence.
Budenholzer stepped away from coaching following the 2022-23 season. His departure was met with a mix of gratitude and disappointment, especially from fans who revered his impact on the team. Since then, Budenholzer has remained relatively low-profile, occasionally appearing in NBA media circles but largely staying out of the limelight—until now.
In a joint statement, the Bucks ownership group expressed their enthusiasm and gratitude for Budenholzer’s return:
> “Mike has always been more than a coach to this organization—he is family. His vision, leadership, and commitment to excellence helped shape the Bucks into a championship-caliber franchise. We are thrilled to welcome him back in a new role, where his basketball insight and passion for Milwaukee can continue to elevate our organization.”
A Strategic Move
According to sources close to the team, the co-ownership opportunity had been in development for months. Budenholzer’s close relationships with key members of the ownership group and his deep-rooted connection to Milwaukee made him an ideal partner. While financial terms of the deal were not disclosed, insiders describe Budenholzer’s stake as “significant,” granting him an active voice in major organizational decisions, including player development, front-office hiring, and community engagement initiatives.
In his own statement, Budenholzer expressed his gratitude and excitement:
> “Milwaukee holds a special place in my heart. Coaching here was the honor of a lifetime, and now, to return as an owner—it’s truly humbling. I look forward to helping this team continue its pursuit of excellence both on and off the court. This city deserves the best, and I’m committed to making sure we deliver that.”
Fan Reaction and Legacy
The reaction from fans and former players has been overwhelmingly positive. Social media exploded within minutes of the announcement, with hashtags like #CoachBudReturns and #BucksFamily trending across platforms. Several former Bucks players, including Giannis Antetokounmpo, Khris Middleton, and Jrue Holiday, shared congratulatory messages praising Budenholzer’s leadership and legacy.
Giannis, who shared a close relationship with Budenholzer, posted on X (formerly Twitter):
> “Coach Bud is back where he belongs
