The Boston Celtics sold Bill Chisholm(Symphony Technology) & Aditya Mittal (Arcelor Mittal) for $6.1 BILLION. Highest ever for a Sports Franchise.

[10bandz]

why are owners selling their teams in droves now. there's been several new owners the last few years even though you have rising revenue, tv deals and franchise expansion coming. seems like an odd thing to do.

Because the prices are ridiculous now. It’s just business, cashing out at the right time.

 

[BucciMane]

Private equity is a wild business, brehs nobody knows can buy clubs for 6 billion. Dude doesn't even have a Wikipedia

.

 

[Spidey Man]

Sell the team Dolan. They already valued at 7.5 billion. It's the perfect time to cash out and play the guitar

 

[UpAndComing]

The ironic part of the new owner being this "secret" owner

Steve Pags is also a Private Equity guy. Marc Lasry who owned the Milwaukee Bucks was also a Private Equity guy. It's not uncommon at all

 

[Belize King]

Now the NBA owners are happy. They can have an expansion fee of 3 billion for the next two teams.

Vegas and Seattle will cost 4-7 Billie. LeBron can’t be a majority owner and will be an A-Rod type owner instead.

Imagine putting up 600 million to be a 10% owner of a team. Is it even worth it?

Honestly IMO, these next 3 years are peak value for a NBA club. Peak NBA is upon us, don’t buy now.

 

[Raquinotj]

The thing I'm looking at is that Jrue's contract ends in 2027
Horford's contract ends this year
Hauser's contract starts next season

Those are the contracts I'm thinking the Celtics are keeping an eye on

Jrue and Hauser are the most replaceable and will save up a bunch of money in tax $$$$.

 

[Raquinotj]

why are owners selling their teams in droves now. there's been several new owners the last few years even though you have rising revenue, tv deals and franchise expansion coming. seems like an odd thing to do.

When you buy a team for $320 million and the Value is around $5-6 Billion, time to sell. The real majority owner 90 year old Irving Grousbeck is rumored to be ready to split up the fortune between the family. Other investors cashing out at an astronomical ROI as well.

 

[Trav]

Gaaaaaa damn

 

[SchoolboyC]

Jrue and Hauser are the most replaceable and will save up a bunch of money in tax $$$$.

Hauser 100% getting traded this summer if Scheierman starts stringing together good games down the stretch

 

[Black White Sox Hat]

They did good especially with the league trending down

 

[lib123]

why are owners selling their teams in droves now. there's been several new owners the last few years even though you have rising revenue, tv deals and franchise expansion coming. seems like an odd thing to do.

They realize team valuations have peaked or at near peak. Valuations are even more vulnerable now with groups of people buying teams instead of just one or two people. Imagine if during the next economic downturn several people in the ownership groups face personal financial or liquidity crisis’ and have to sell their minority stakes? You could have partners selling their stakes at much lower valuations, bringing the entire team values down.

 

[Dorian Breh]

when in history have teams value not increased more than the stock market?

brehs applying brainrot crypto trading logic to sports franchises

these guys made billions of dollars as investors but yall know better than them

 

[Admiral Ackbar]

Magic Johnson had an opportunity to become the biggest troll in sports history and he missed smh.

 

[K-Apps]

 

[UpAndComing]

Also read a statement that Wyc will stay as the CEO of the Team, and be in charge of running it until 2028. To help the new owner