Milwaukee Wave brings on new ownership group
Posted: Apr 29, 2014 6:35 PM CDT | Updated: Nov 5, 2014 2:15 PM CDT
MILWAUKEE-The Wave soccer team continued its restructuring efforts Tuesday by adding the ownership group headed by Michael Zimmerman, CEO of The Rock Sports Complex and Zimmerman Ventures.
Spokesman Van McNeil said in a release that, \" Michael and his group recently formed a new venture called MKE Sports & Entertainment, which will be the holding company for all current and future investments in sports management and entertainment related themes, including MKE Wave.\"
\"This is going to be awesome!\" Wave CEO Sue Black declared. \"This gives the Wave a combined ownership group that will help bring long term sustainability to this 30 year storied franchise. I have been recruiting Mike and his group for months and am excited about the future of The Wave and everything else he's got going on. This is a great day for Wave fans, our summer campers, and sports in Milwaukee.”
Earlier this year, it came to light that Black and the team were facing some serious financial difficulties related to day to day operations.
Weeks later, head coach Keith Tozer announced he was leaving the team to pursue a new venture.