Just two weeks after winning his 18th NBA ring and regain first place in the historical list of achievements, The Celtics are for sale. According to ESPN journalist Adrian Wojnarowsky, The majority owner group, led by Wyc Grousbeck, plans to bring the franchise to market.
Grousbeck and his partner Steve Pagliuca led a group that He bought the Celtics in 2002 for $360 million.. According to recent estimates, The value of the franchise could now be as high as $4.7 billion. Buying low and selling high. Right after taking the ring seems, economically, the best time. It can be a great deal.
In a statement announcing the decision, the Celtics confirmed Monday that the ownership group’s board of directors expects sell a “majority stake” in the team late this year or early next yearalthough he hopes that “Grousbeck will remain the team’s governor until 2028.”
With their eighteenth NBA title, the Celtics have once again climbed to the top of the competition’s all-time list of achievements. In American professional sports, only the New York Yankees of baseball have as many championships (27). Is about One of the most representative brands in world sportwhich undoubtedly increases its already enormous value.
The value of franchises is skyrocketing
The value of NBA franchises has skyrocketed in recent yearsas evidenced by the most recent sales of some of them. Mat Ishbia took control of thethe Suns for $4 billion, the Bucks cost Jimmy and Dee Haslem 3.5 billion and the Adelson family took over the Mavericks for 3.5 billion last December.
In sports, as has been proven in the NBA final, The Celtics’ health is unbeatable and they are going to keep the core of the team to try to establish a dynasty. Derrick White will renew for four years and a total of 125.9 million dollars and Jayson Tatum, the great star, will extend his contract for five years and 314 millionwhich would be the largest in NBA history.
2024-07-01 18:30:10
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