Just two weeks after winning his eighteenth NBA ring and recover the first place in the historical record, the Celtics are for sale. As published by journalist Adrian Wojnarowsky, from ESPN, the majority ownership group, led by Wyc Grousbeck, plans to bring the franchise to the market.
Grousbeck and his partner Steve Pagliuca led a group that bought the Celtics in 2002 for $360 million. According to recent estimates, The value of the franchise could now rise to 4.7 billion dollars. Buy low and sell high. Right after taking the ring seems, economically, the best time. It can be a great business.
In a statement announcing the decision, the Celtics confirmed this Monday that the board of directors of the ownership group hopes sell a “majority stake” in the team later 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 once again climbed to the top of the competition’s historical record. In American professional sports, only baseball’s New York Yankees have as many championships (27). Is about one of the most representative brands in world sportwhich, without a doubt, increases its already enormous value.
The value of franchises, through the roof
The price of NBA franchises has skyrocketed in recent years, as has been proven in the most recent sales of some of them. Mat Ishbia took control of theThe Suns for $4 billion, the Bucks They cost Jimmy and Dee Haslem 3.5 billion and the Adelson family took control of the Mavericks for 3.5 billion last December.
In sports, as has been proven in the NBA final, The health of the Celtics is unbeatable and they are going to keep the hard core of the team to try to impose 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.
