Milwaukee, WI (My Sportsbook) - Milwaukee Bucks majority owner Herb Kohl, a U. S. Senator, said he may be willing to sell his majority interest in the team if the right buyer surfaces.

According to a story in Sunday's Milwaukee Journal Sentinel, Kohl has asked a New York investment firm and NBA Commissioner David Stern to help him assess the franchise and its value. He hopes that same pairing may be able to identify people or an investor group that would have an interest in the team.

Kohl has stated in the past that regardless of whether a new minority or majority owner comes on board, he wants that person or group to keep the team in Milwaukee.

"I'm not aware of anyone making an offer right now," Kohl told the paper. "David Stern is doing some prospecting. I just can't tell you when it will happen. And I can't assure you whether new ownership will be at 30 percent, 40 percent, 50 percent or higher."

Kohl, who has owned the team since 1985, was elected to the United States Senate in 1988.

One possible investor mentioned has been Craig Peipold, who owns the Nashville Predators and lives in Racine, Wisconsin. He declined to discuss his interest with the paper.

Milwaukee has a 16-20 record and the team's attendance has dipped this season. Kohl however said these are not the reasons he may be looking to sell his part of the team.

Another possible issue in the sale is the fact that the Bucks, nor Kohl, own the Bradley Center, the teams home court. The Bucks have a lease agreement with the Bradley Center through September 30, 2004.