Milwaukee Bucks add third hedge fund owner

Jamie Dinan
Jacob Kepler | Bloomberg | Getty Images

The big "bucks" keep flowing from Manhattan to Milwaukee.

Billionaire investor Jamie Dinan, founder of York Capital Management, has joined fellow hedge fund managers Marc Lasry of Avenue Capital and Wes Edens of Fortress Investment Group as a "substantial " owner of the NBA's Milwaukee Bucks.

Dinan became an owner in July, but it was first disclosed in a news release Thursday night announcing a separate group of new partial stakeholders. They include "community leaders and philanthropists" who the Bucks hope will represent a "bold new model of private, community and potentially public partnership. "

"Marc, Wes and I are thrilled to have the Partners for Community Impact group join us on our quest to make the Bucks organization the best in basketball," Dinan said in a statement. "Since I joined as an owner in July, I have already seen the huge strides we have taken on making the Bucks an integral part of the Milwaukee community."