Foston Celtics Up for Sale
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CervantesRises
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PostPosted: Mon Jul 01, 2024 2:44 pm    Post subject:

LakerLanny wrote:
Buy them and move the team to Siberia...



I said the exact same thing 🤣
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PostPosted: Mon Jul 01, 2024 2:48 pm    Post subject:

governator wrote:
Be crazy if Bron retire and buy this team


It's not farfetched he owns a stake in the Red Sox and the Fenway Group wants to own an NBA team.
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governator
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PostPosted: Mon Jul 01, 2024 2:50 pm    Post subject:

Basketball Fan wrote:
governator wrote:
Be crazy if Bron retire and buy this team


It's not farfetched he owns a stake in the Red Sox and the Fenway Group wants to own an NBA team.


Then we want a protected first for Bronny
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ducasse
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PostPosted: Mon Jul 01, 2024 11:13 pm    Post subject:

Aren't Celtics looking at close to $500 million payroll in 2025-26 with luxury tax? No wonder the owner wants to sell.
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jodeke
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PostPosted: Tue Jul 02, 2024 12:33 am    Post subject:

DELETED jodeke
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Last edited by jodeke on Tue Jul 02, 2024 6:08 am; edited 1 time in total
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mixtim
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PostPosted: Tue Jul 02, 2024 1:58 am    Post subject:

Can't Grousbek sell the putrid greens and buy the Lakers?
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Valdarno
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PostPosted: Tue Jul 02, 2024 6:30 am    Post subject:

Seriously, what is it with some of you, always never using the word "Boston"? It's getting old, always reading Foston as in fu*k Boston. Grow up!
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unleasHell
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PostPosted: Tue Jul 02, 2024 9:32 pm    Post subject:

Yeah, wait until the Celtics sell and the new owners see how much everyone is making and need to make their billions back, start trading off players as they currently have the 4th highest Team salary, which is $57 Million OVER the salary cap!

Their four highest paid guys (alone) make a combined $7 mil over the Cap ...(ouch!)
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PostPosted: Thu Jul 04, 2024 6:10 am    Post subject:

There's speculation that it could be Bezos because he just dumped $5 billion in Amazon Stock.
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Reds622
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PostPosted: Thu Jul 04, 2024 6:55 am    Post subject:

Boston can really only have their group for another season or two. After that, the costs are punitive/outrageous. It’s the new NBA. You can’t pay multiple role players 20-30 million a year and expect to be able to have a sustained 5-7 year run. It’s almost impossible.
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dont_be_a_wuss
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PostPosted: Thu Jul 04, 2024 6:56 am    Post subject:

Reds622 wrote:
Boston can really only have their group for another season or two. After that, the costs are punitive/outrageous. It’s the new NBA. You can’t pay multiple role players 20-30 million a year and expect to be able to have a sustained 5-7 year run. It’s almost impossible.


Their top 5 guys make $200M next season. Thats crazy.
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PostPosted: Fri Jul 05, 2024 6:03 am    Post subject:

Looks like Wyc’s dad is the one that wants to sell not Wyc

https://x.com/SavageSports_/status/1809221280668758036
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PostPosted: Fri Jul 05, 2024 6:17 am    Post subject:

Basketball Fan wrote:
There's speculation that it could be Bezos because he just dumped $5 billion in Amazon Stock.


Oh please god no. That savage will widen the championship gap.
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Dr. Laker
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PostPosted: Fri Jul 05, 2024 8:17 am    Post subject:

Basketball Fan wrote:
Looks like Wyc’s dad is the one that wants to sell not Wyc

https://x.com/SavageSports_/status/1809221280668758036


Wyc should want him to sell. Federal Estate taxes at that level are 40%, and Massachusetts adds on another 16%, so when Irving dies, Wyc and family will owe about $3 BILLION DOLLARS in taxes just on the Celtics.

If they sell now, they can shelter much of the proceeds.

Dr. Buss was cheap with the Lakers operation (allegedly) because he was pumping a lot of $$$ into insurance policies and other vehicles to cover estate taxes.
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LuciusAllen
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PostPosted: Fri Jul 05, 2024 11:38 am    Post subject:

I hope they sell it to a super-over-leveraged Frank McCourt. He's from Boston, right? He owes it to the people of LA to damage a rival team.
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lakersken80
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PostPosted: Fri Jul 05, 2024 12:01 pm    Post subject:

Basketball Fan wrote:
There's speculation that it could be Bezos because he just dumped $5 billion in Amazon Stock.


He would be better off reviving the Seattle basketball team considering his company already pays for the naming rights of the arena. But I guess he knows what a valuable asset the Lakers are compared to an expansion team.
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CandyCanes
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PostPosted: Fri Jul 05, 2024 12:54 pm    Post subject:

lakersken80 wrote:
Basketball Fan wrote:
There's speculation that it could be Bezos because he just dumped $5 billion in Amazon Stock.


He would be better off reviving the Seattle basketball team considering his company already pays for the naming rights of the arena. But I guess he knows what a valuable asset the Lakers are compared to an expansion team.


Hopefully he makes an offer the Buss family can’t refuse and we can have an owner who isn’t broke.
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angrypuppy
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PostPosted: Sun Jul 07, 2024 11:27 am    Post subject:

angrypuppy wrote:
The official reason for the placing "for sale" sign on the Celtics was due to "estate and family planning considerations" by the group’s controlling members. I wonder if the slow-motion car wreck by the Buss family trust has something to do with it. I doubt the valuation of the Lakers franchise, for example, has increased by much (relatively speaking) during the current ownership structure.



Once again, streaming will promote direct to consumer revenues, which may disrupt the current model of the league negotiating and sharing subscription revenues equally. This has direct impact on the revenue model and profitability of every team. Of course revenues could be shared in one big pot per the CBA, but it begs the question as whether the emergence of the streaming model could make it vulnerable to antitrust laws. In other words, this impacts the profitability of each team, player salaries, and competitiveness.
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Dr. Laker
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PostPosted: Sun Jul 07, 2024 12:40 pm    Post subject:

CandyCanes wrote:
lakersken80 wrote:
Basketball Fan wrote:
There's speculation that it could be Bezos because he just dumped $5 billion in Amazon Stock.


He would be better off reviving the Seattle basketball team considering his company already pays for the naming rights of the arena. But I guess he knows what a valuable asset the Lakers are compared to an expansion team.


Hopefully he makes an offer the Buss family can’t refuse and we can have an owner who isn’t broke.


1 - He's bidding on Foston, not the Lakers,

2 - The issue isn't so much the net worth of the owners as it is the revenue stream. No owner is going to want to dip in their pockets to cover expenses, regardless of how rich they are (both Ballmer & the Dubs owners made tax saving moves whenever they could, especially during the Pandemic).

I posted a year or so ago that the Lakers' biggest mistake was re-upping the Crypto deal instead of moving to build their own arena. Ballmer is building his own arena primarily because it will greatly impact revenue (potentially trebling the Clippers' current revenue). The Warriors building is responsible for 60%+ of their ownership group's revenue, and the sorry ass Knicks have dominated team valuations for decades because of owning the building AND the cable network. Cuban brought in the Adelson's because the Mavs need to build an arena to max revenues and that family has the expertise.

It's really surprising to me that, with their experience owning/running The Forum, that the Lakers didn't decide to build their own arena. Maybe the family members didn't want to take on a mortgage, but I'd bet they could build one without cutting whatever income each sibling gets.
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PostPosted: Mon Jul 08, 2024 1:52 pm    Post subject:

Quote:
Celtics Governor Wyc Grousbeck spoke about the sale of the team with
@CNBCClosingBell


“The expectation is to sell the team in two parts, 51% going fairly soon. 49% then closing … in 2028. I’m planning or expected to stay on until 2028 (as governor).”
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