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The Milwaukee Bucks are an American professional basketball team based in Milwaukee, Wisconsin. The Bucks compete in the National Basketball Association (NBA) as a member club of the league's Eastern Conference Central Division. The team was founded in 1968 as an expansion team, and play at the Bradley Center. Former U.S. Senator Herb Kohl was the long-time owner of the team, but on April 16, 2014, a group led by billionaire hedge fund managers Wesley Edens and Marc Lasry agreed to purchase a majority interest in the team from Kohl, a sale which was approved by the owners of the NBA and its Board of Governors one month later on May 16. The team is managed by Jon Horst, the team's former Director of Basketball Operations, who took over for John Hammond in May 2017. The team is currently valued at $675 million according to Forbes, ranking fourth-to-last in the league. The Bucks have won one league title (1971), two conference titles (1971 and 1974), and 13 division titles (1971–74, 1976, 1980–86, 2001). They have featured such notable players as Kareem Abdul-Jabbar, Sidney Moncrief, Oscar Robertson, Bob Dandridge, Bob Lanier, Glenn "Big Dog" Robinson, Ray Allen, Sam Cassell, Junior Bridgeman, Michael Redd, Terry Cummings, Vin Baker, Jon McGlocklin, Marques Johnson, and Brian Winters.