Boston Celtics For Sale

[BMR Genie]

After winning the championship?

https://twitter.com/x/status/1807823591125254247

 

[Wagerallsports]

Strike while the iron is hot

 

[jjgold]

Pass

 

[BMR Genie]

The estimated value according to Forbes is $4.7 billion.

Do they accept salary deductions?

 

[jjgold]

All I know they have a great coach

 

[Wagerallsports]

Has the owner received any offers yet?

 

[maltedhopsfrenzy]

The estimated value according to Forbes is $4.7 billion.

Do they accept salary deductions?

I’ve got that right here in my pocket somewhere…..

 

[BMR Genie]

Sold for 6.1 Billion!

https://twitter.com/x/status/1902720334509310084

 

[BMR Genie]

"The Boston Celtics have been sold to William Chisholm for $6.1 billion, team ownership announced Thursday morning.

Chisholm is a co-founder and managing partner of Symphony Technology Group, a private equity firm. He previously worked for Boston-based Bain & Company. Chisholm is a native of Georgetown, Massachusetts, and a Dartmouth College graduate, The Boston Globe reported."

MSN

 

[Tanko]

Wow. 6.1B is a load of money.

 

[BMR Genie]

The estimated value according to Forbes is $4.7 billion.

Do they accept salary deductions?

Wow. 6.1B is a load of money.

So, estimated value is $4.7B, but sold for $6.1B. Looks like the previous owners really knows how to negotiate.

 

[MinnesotaFats]

Details probably include a bunch of deferred monies

 

[BMR Genie]

NBA approves sale of Boston Celtics at record valuation

Boston's valuation at $6.1 billion is the highest in the history of U.S. pro sports, and substantially more than the Suns' $4 billion sale in 2023.

www.nba.com

 

[Tanko]

NBA approves sale of Boston Celtics at record valuation

Boston's valuation at $6.1 billion is the highest in the history of U.S. pro sports, and substantially more than the Suns' $4 billion sale in 2023.

www.nba.com

That amount is insane.
Owners can't make money on these high priced team year-to-year.
They can only assume it will increase in value when they sell. So its a longer-term investment rather than a yearly money generating venture.

 

[MinnesotaFats]

That amount is insane.
Owners can't make money on these high priced team year-to-year.
They can only assume it will increase in value when they sell. So its a longer-term investment rather than a yearly money generating venture.

Dollar is worthless. This is a 'store of value' like gold or bitcoin or artwork.

You can't spend it, it might decline but you're betting it increases, and then you cash it in for more worthless dollars later.

Welcome to fiat currency and why clock punchers/ laborers are nothing more than modern slaves.