The $550 million sale of the Milwaukee Bucks to hedge fund billionaires Wesley Edens and Marc Lasry is expected to be finalized by the NBA on Thursday, a source involved in the process told ESPN.com.

In the wake of the Donald Sterling scandal, there was a push within the league to have an extra thorough vetting of the new owners, sources said. That process, however, is complete and the league's Board of Governors will approve the transaction that was initially signed last month.

The timing of the sale will allow Edens and Lasry to take control of the team before next Tuesday's draft lottery in New York, which was a priority. The Bucks, at 25 percent, have the highest odds to win the lottery after an NBA-worst 15-67 season. The high draft choice in what is expected to be a deep draft was one of the attractive selling points of the team.

Edens and Lasry, who will have to liquidate a minority share of the Brooklyn Nets he currently owns, have pledged $100 million in additional funds to help construct a new arena in Milwaukee. Outgoing owner Herb Kohl, who has controlled the team since 1985, has agreed to gift the city $100 million from the purchase toward the arena.