Woj Bomb: Celtics Ownership looking to Sell

[tenn_smoothie]

They better get the right owner that is committed to winning

Are the people in the organization whose #1 priority is winning and team chemistry going to have any say as to who the team is sold to ?
For example, Brad Stevens, Joe Mazzulla, Players ?
Do Wyc & Co. have complete authority over choosing who they will sell to ?

In the end, I suppose Wyc has been a pretty good owner, though this decision to sell in the middle of a hopeful title run shows that he is no Walter Brown. The Celts continuity and having everyone pulling in the same direction has been key in creating this team and producing success. Are you telling me the guy couldn't stay through the end of the Tatum/Brown era in order to maximize our ability to win more titles. I get that the franchise is at a very high value this summer, post-title, but I doubt that waiting a few more seasons to sell is going to lower the profit to be made.

[mobilija]

They better get the right owner that is committed to winning

Are the people in the organization whose #1 priority is winning and team chemistry going to have any say as to who the team is sold to ?
For example, Brad Stevens, Joe Mazzulla, Players ?
Do Wyc & Co. have complete authority over choosing who they will sell to ?

In the end, I suppose Wyc has been a pretty good owner, though this decision to sell in the middle of a hopeful title run shows that he is no Walter Brown. The Celts continuity and having everyone pulling in the same direction has been key in creating this team and producing success. Are you telling me the guy couldn't stay through the end of the Tatum/Brown era in order to maximize our ability to win more titles. I get that the franchise is at a very high value this summer, post-title, but I doubt that waiting a few more seasons to sell is going to lower the profit to be made.

Easy to doubt and gamble when it?s not ur money.

Wyc and Co. are fans and businessmen. Ur just a fan. Wyc and Co. would be fools to put their fandom ahead of their business interests.

[Moranis]

Remember there was a time when we thought Wyc was cheap and we wanted him to sell the team? And now that he has we're like "please Wyc don't go!" 

This occurred to me as well.  Fans would howl about how cheap the owners were every time a TPE or something expired or when they wouldn't trade for Nerlens Noel or something like that.

I think these owners have been solid overall, it is very likely that the new owners will not be as smart, savvy, whatever.  I would think that owning a good NBA team would be fun.  Maybe it is good business to sell right now, but how fun is that?

I mean they are selling the team right when the big costs start and will be totally gone when the repeater tax has gutted the team.  Seems like they are getting out before the team is crappy a d the mega costs take the team out. 

[Kernewek]

They better get the right owner that is committed to winning

Are the people in the organization whose #1 priority is winning and team chemistry going to have any say as to who the team is sold to ?
For example, Brad Stevens, Joe Mazzulla, Players ?
Do Wyc & Co. have complete authority over choosing who they will sell to ?

In the end, I suppose Wyc has been a pretty good owner, though this decision to sell in the middle of a hopeful title run shows that he is no Walter Brown. The Celts continuity and having everyone pulling in the same direction has been key in creating this team and producing success. Are you telling me the guy couldn't stay through the end of the Tatum/Brown era in order to maximize our ability to win more titles. I get that the franchise is at a very high value this summer, post-title, but I doubt that waiting a few more seasons to sell is going to lower the profit to be made.

Easy to doubt and gamble when it?s not ur money.

Wyc and Co. are fans and businessmen. Ur just a fan. Wyc and Co. would be fools to put their fandom ahead of their business interests.

At the same time, there's something to be said for an ownership model like the Lakers - say what you will about the Buss family, but the fact that they're at a material fiscal disadvantage because their wealth is derived from the team is (or should be) a cause for concern for the average fan.

[Kuberski33]

https://x.com/AdamHimmelsbach/status/1807905433069166669

Well, Pags seems interested to be the new majority owner.

Pags getting controlling interest is probabaly the scenario we should be rooting for.

I follow Atalanta in Serie A somewhat closely. It's one of the best run clubs in the league and continually punches above its weight. They develop young players and have a manager who (like Brad) seems to have a knack for getting the best out his players year after year.

Pags had enough money to be one of the finalists to acquire Chelsea so he's probably a realistic contender to wind up with the club once this is done. He'll put together his own group, probably including several members of the current partnership.

The concern will be if someone with crazy money comes in and overpays to the point where the price gets pushed up way below their current valuation - i.e. the Saudi Public Investment Fund.

[footey]

Buying the Celtics for the going price of $4.5-$5 Billion is going to make sense only for a few multi-billionnaires as a vanity acquisition, preferably who have a  love for the team and the City. It makes no sense from a business perspective to pay that much for a team that doesn't own its arena, and will be operating at significant operating deficits for the foreseeable future.  2025-26 tax bill alone will run approximately $250mm. 

[Roy H.]

Buying the Celtics for the going price of $4.5-$5 Billion is going to make sense only for a few multi-billionnaires as a vanity acquisition, preferably who have a  love for the team and the City. It makes no sense from a business perspective to pay that much for a team that doesn't own its arena, and will be operating at significant operating deficits for the foreseeable future.  2025-26 tax bill alone will run approximately $250mm.

There are probably more profitable ways to invest $5 billion, but the Celtics have had annual profits of around $100 million per year.  Yes, luxury tax liabilities will rapidly increase in the coming years, but so will the value of the TV contract, etc.    My guess is that the new ownership group will continue to make plenty of money going forward from 2028, or whenever they take over.

[boscel33]

My bet is on Wynn. 

Here as interesting list though:  https://www.msn.com/en-us/sports/nba/top-10-candidates-to-buy-the-boston-celtics/ss-BB1penQS?ocid=msedgntp&pc=DCTS&cvid=40c4143c21b74d0d80f268a62f6a0dde&ei=21

[SparzWizard]

They better get the right owner that is committed to winning

Are the people in the organization whose #1 priority is winning and team chemistry going to have any say as to who the team is sold to ?
For example, Brad Stevens, Joe Mazzulla, Players ?
Do Wyc & Co. have complete authority over choosing who they will sell to ?

In the end, I suppose Wyc has been a pretty good owner, though this decision to sell in the middle of a hopeful title run shows that he is no Walter Brown. The Celts continuity and having everyone pulling in the same direction has been key in creating this team and producing success. Are you telling me the guy couldn't stay through the end of the Tatum/Brown era in order to maximize our ability to win more titles. I get that the franchise is at a very high value this summer, post-title, but I doubt that waiting a few more seasons to sell is going to lower the profit to be made.

I know as fans we love winning. But on the business perspective, it is their money. The owner's money. I'd be in a tough decision too with these two mega contracts on my team. The starting 5 has nearly $940M to be dealt with lol.

Wyc is at least in the ride through the end of Tatum's contract or so I've heard.

[Celtics2021]

My bet is on Wynn. 

Here as interesting list though:  https://www.msn.com/en-us/sports/nba/top-10-candidates-to-buy-the-boston-celtics/ss-BB1penQS?ocid=msedgntp&pc=DCTS&cvid=40c4143c21b74d0d80f268a62f6a0dde&ei=21

Maybe that link works better on not mobile: I just have a would-be listicle that  says ?here are 10 candidates? and then is just a bunch of ads.

[bdm860]

My bet is on Wynn. 

Here as interesting list though:  https://www.msn.com/en-us/sports/nba/top-10-candidates-to-buy-the-boston-celtics/ss-BB1penQS?ocid=msedgntp&pc=DCTS&cvid=40c4143c21b74d0d80f268a62f6a0dde&ei=21

Maybe that link works better on not mobile: I just have a would-be listicle that  says ?here are 10 candidates? and then is just a bunch of ads.

John Henry (Red Sox, Penguins, Liverpool, $5.1b net worth)
Jeff Bezos ($161b net worth)
Larry Ellison ($158b net worth)
Rob Walton (Wal-Mart, Broncos, $67.4b net worth)
Phil Knight (Nike)
Abigail Johnson (Fidelity, $25.5b net worth)
Steve Cohen (Mets)
Robert Kraft (Patriots)
MacKenzie Scott (Bezo's ex-wife, $37.1b net worth)
Jerry Jones (Cowboys)

[boscel33]

My bet is on Wynn. 

Here as interesting list though:  https://www.msn.com/en-us/sports/nba/top-10-candidates-to-buy-the-boston-celtics/ss-BB1penQS?ocid=msedgntp&pc=DCTS&cvid=40c4143c21b74d0d80f268a62f6a0dde&ei=21

Maybe that link works better on not mobile: I just have a would-be listicle that  says ?here are 10 candidates? and then is just a bunch of ads.

John Henry (Red Sox, Penguins, Liverpool, $5.1b net worth)
Jeff Bezos ($161b net worth)
Larry Ellison ($158b net worth)
Rob Walton (Wal-Mart, Broncos, $67.4b net worth)
Phil Knight (Nike)
Abigail Johnson (Fidelity, $25.5b net worth)
Steve Cohen (Mets)
Robert Kraft (Patriots)
MacKenzie Scott (Bezo's ex-wife, $37.1b net worth)
Jerry Jones (Cowboys)

I kind of like the idea of Abigail Johnson.  Boston girl who made it big, not afraid of taking a risk.

[liam]

My bet is on Wynn. 

Here as interesting list though:  https://www.msn.com/en-us/sports/nba/top-10-candidates-to-buy-the-boston-celtics/ss-BB1penQS?ocid=msedgntp&pc=DCTS&cvid=40c4143c21b74d0d80f268a62f6a0dde&ei=21

Maybe that link works better on not mobile: I just have a would-be listicle that  says ?here are 10 candidates? and then is just a bunch of ads.

John Henry (Red Sox, Penguins, Liverpool, $5.1b net worth)
Jeff Bezos ($161b net worth)
Larry Ellison ($158b net worth)
Rob Walton (Wal-Mart, Broncos, $67.4b net worth)
Phil Knight (Nike)
Abigail Johnson (Fidelity, $25.5b net worth)
Steve Cohen (Mets)
Robert Kraft (Patriots)
MacKenzie Scott (Bezo's ex-wife, $37.1b net worth)
Jerry Jones (Cowboys)

I kind of like the idea of Abigail Johnson.  Boston girl who made it big, not afraid of taking a risk.

She would be the Dream. Bazos would also be good as a hands off owner with unlimited cash!

[Emmette Bryant]

This is probably the best thing that I've read concerning the potential sale of the Celtics.

"What to watch: The most likely scenario is that Pagliuca tries to cobble together a group that includes some combination of a new deep pocket, a private equity fund, and a sovereign wealth fund.

    Remember, if he and the other minority owners roll over their stakes, they may only need around $1.5 billion. Kind of like how Mat and Justin Ishbia didn't really need $4 billion to buy the Phoenix Suns last year."

https://www.axios.com/2024/07/02/boston-celtics-sale-break-records

[Roy H.]

This is probably the best thing that I've read concerning the potential sale of the Celtics.

"What to watch: The most likely scenario is that Pagliuca tries to cobble together a group that includes some combination of a new deep pocket, a private equity fund, and a sovereign wealth fund.

    Remember, if he and the other minority owners roll over their stakes, they may only need around $1.5 billion. Kind of like how Mat and Justin Ishbia didn't really need $4 billion to buy the Phoenix Suns last year."

https://www.axios.com/2024/07/02/boston-celtics-sale-break-records

I'm curious if he would try to partner with Wynn or a local real estate developer.  Eventually, an ownership group is going to want its own arena.