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MJST
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Basketball Fan
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 Posted: Fri Aug 09, 2024 12:16 pm Post subject: |
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| MJST wrote: | | Magic should buy them. |
See? That would be funnier just get all of Showtime to buy the team |
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LakerSD
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Joined: 10 Nov 2016
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| Posted: Fri Aug 09, 2024 1:02 pm Post subject: |
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| I’m sure Dr. Buss would be real proud of Jeanie and her getting used by a guy who is only me and is about to be part of the bid for Foston. |
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MJST
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| Posted: Fri Aug 09, 2024 3:45 pm Post subject: |
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| LakerSD wrote: | | I’m sure Dr. Buss would be real proud of Jeanie and her getting used by a guy who is only me and is about to be part of the bid for Foston. |
You're using Jeanie?
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How NBA 2K18 failed the All-Time Lakers:
https://www.youtube.com/watch?v=kxMBYm3wwxk |
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MJST
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| Posted: Fri Aug 09, 2024 4:39 pm Post subject: |
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| Basketball Fan wrote: | | MJST wrote: | | Magic should buy them. |
See? That would be funnier just get all of Showtime to buy the team |
Would be nice. Magic join with LeBron and the group he wants to buy a team with, and buy the Celtics.
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How NBA 2K18 failed the All-Time Lakers:
https://www.youtube.com/watch?v=kxMBYm3wwxk |
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Basketball Fan
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| Posted: Mon Aug 19, 2024 8:55 am Post subject: |
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| Snipes wrote: | | 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. |
https://x.com/TheDunkCentral/status/1825520578851172584 |
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ocho
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| Posted: Mon Aug 19, 2024 9:10 am Post subject: |
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I don’t love the idea of the second richest person in the world owning the Celtics but thankfully a lot of the advantages of having a mega rich owner have been somewhat mitigated in the new CBA.
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14-5-3-12 |
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Basketball Fan
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| Posted: Mon Aug 19, 2024 9:28 am Post subject: |
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| ocho wrote: |
I don’t love the idea of the second richest person in the world owning the Celtics but thankfully a lot of the advantages of having a mega rich owner have been somewhat mitigated in the new CBA. |
Given how he treats his employees maybe he will move the team to Seattle |
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Halflife
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Joined: 15 Aug 2015
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| Posted: Mon Aug 19, 2024 10:11 am Post subject: |
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Doesn’t matter
We have bron and ad
Tatum is way overrated (according to lg)
Jalen brown is not nearly worth his salary ( according to lg)
They are only champions because they had an easy run
Bezos doesn’t play .
_________________
Trade Bronny East.
How do you finish -53 on a 50-win team?
This game today is a little bit more soft, to call anybody a GOAT nowadays is disrespectful to ... the awards and accolades [MJI and Kobe have won.
- Kelly oubre jr |
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jodeke
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Joined: 17 Nov 2007
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Location: In a world where admitting to not knowing something is considered a great way to learn.
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| Posted: Mon Aug 19, 2024 12:33 pm Post subject: |
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Boston Celtics
Jeff Bezos reportedly in the mix to buy the Boston Celtics: What would the sale price be?
NBA Champions are set to be worth around $6 billion
Lauren Sanchez and Jeff Bezos
Lauren Sanchez and Jeff BezosLAPRESSE
SAM
19/08/2024 - 14:58 CDT
LINK
_________________
Be who you are and say what you feel because those who mind don't matter, and those who matter don't mind.
America will never be destroyed from the outside. If we falter and lose our freedoms, it will be
because we destroyed ourselves. |
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strong9
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Joined: 22 Mar 2003
Posts: 4099
Location: so many places
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| Posted: Mon Aug 19, 2024 12:47 pm Post subject: |
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| Halflife wrote: | Doesn’t matter
We have bron and ad
Tatum is way overrated (according to lg)
Jalen brown is not nearly worth his salary ( according to lg)
They are only champions because they had an easy run
Bezos doesn’t play . |
But he does pay. Lakers really need to be sold to keep up. |
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Halflife
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Joined: 15 Aug 2015
Posts: 20520
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| Posted: Mon Aug 19, 2024 8:42 pm Post subject: |
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| strong9 wrote: | | Halflife wrote: | Doesn’t matter
We have bron and ad
Tatum is way overrated (according to lg)
Jalen brown is not nearly worth his salary ( according to lg)
They are only champions because they had an easy run
Bezos doesn’t play . |
But he does pay. Lakers really need to be sold to keep up. |
They are maxed out. Jb/Jt= 600m.
_________________
Trade Bronny East.
How do you finish -53 on a 50-win team?
This game today is a little bit more soft, to call anybody a GOAT nowadays is disrespectful to ... the awards and accolades [MJI and Kobe have won.
- Kelly oubre jr |
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SGV-Laker fan
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Joined: 23 May 2013
Posts: 10555
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| Posted: Tue Aug 20, 2024 12:16 pm Post subject: |
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| Come one Bezo, buy the Celtics and move the team to Seattle. |
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Outspoken
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Joined: 11 Feb 2015
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| Posted: Tue Aug 20, 2024 12:50 pm Post subject: |
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| SGV-Laker fan wrote: | | Come one Bezo, buy the Celtics and move the team to Seattle. |
lol that's not going to happen. |
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Basketball Fan
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Basketball Fan
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| Posted: Fri Sep 13, 2024 8:10 pm Post subject: |
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https://nypost.com/2024/09/13/business/dispute-between-father-son-boston-celtics-owners-over-teams-massive-payroll-sparked-sale-sources/
| Quote: | Dispute between father-son Boston Celtics owners over team’s massive payroll sparked sale: sources
The Boston Celtics’ ballooning payroll allegedly sparked a rift within the family that owns the team – leading the aging patriarch to demand his free-spending son sell the iconic franchise, The Post has learned.
Irving Grousbeck, a 90-year-old Massachusetts-born entrepreneur who owns a controlling roughly 20% stake in the team, balked at funding big losses on the horizon from the massive contracts that helped the Celtics capture a record 18th NBA championship in June, multiple sources told The Post.
To win that title, his 63-year-old son Wyc Grousbeck put together the league’s priciest roster – one that is projected to cost around $500 million for the 2025-26 season after shelling out big-buck contracts this summer to lock up its stars.
Wyc Grousbeck holds the championsip trophy after the Celtics win the title.
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Celtics Owner Wyc Grousbeck wants more titles at any cost, according to sources.
NBAE via Getty Images
Wyc Grousbeck — who owns a roughly 3% stake but is the front-facing owner — announced the surprise decision to put his beloved hometown team up for sale shortly after hoisting the NBA trophy.
“That’s what happens when dad puts in most of the money,” one of the sources said.
The team barely broke even last season during its championship run, sources said.
It is expected to lose roughly $80 million because of luxury tax fines for being over the salary cap for the upcoming season that tips off next month, a source close to the sale process said.
That figure likely will rise significantly in the 2025-26 season when harsher salary cap fines kick in.
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The 11 players under contract — including stars Jayson Tatum, who got the NBA’s richest ever contract this summer, and Jrue Holiday, who also got a new deal, are due $225 million – putting the team on the hook for a $280 million luxury tax penalty, according to ESPN.
“Wyc says we’ll spend whatever it takes, but dad wasn’t into losing money,” another source said.
The Grousbecks have contended their selling the team for “estate planning purposes” when they made the stunning announcement.
Wyc Grousbeck reiterated that statement in speaking for the family, he said, when reached by The Post on Friday.
Irving Grousbeck on the court with his fellow co-owners.
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Irving Grousbeck (left) is the real power behind the team, sources say.
Boston Globe via Getty Images
“The Grousbeck family is selling the team for estate and family planning considerations. To say the sale is in any way related to losses is completely incorrect,” he insisted.
“There has not been a capital call from ownership, or any additional investment of any kind, in the 22 years since Boston Basketball Partners bought the team and we don’t anticipate there being one.”
Irving Grousbeck did not return calls and e-mails seeking comment.
The hallowed franchise of Red Auerbach, Bill Russell and Larry Bird was sold for $360 million in 2003 to the group led by Irving Grousbeck, a Harvard Business School graduate and Stanford University lecturer.
Jayson Tatum shooting over a Chicago Bulls player.
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Celtics forward Jayson Tatum has just signed the richest contract in NBA history.
AP
But part of the current financial difficulties is that they don’t own the Celtics’ home arena TD Garden, so they do not collect revenue from concerts and other events that would help offset losses, sources said.
The projected losses and lack of an arena to throw into the deal could make prospective buyers hesitant to shell out the $6 billion price tag the NBA reportedly wants the team to fetch as it looks to set a high bar for an expansion franchise in Las Vegas.
“This will be very interesting because the economics are not there,” one of the sources said.
“The Celts getting $6 billion is going to be difficult,” another source said. “It should be more like $5 billion.”
The Dallas Mavericks, who lost to Boston in the NBA Finals, sold for $3.5 billion last year.
Wyc Grousbeck smoking a victory cigar after the Celtics win the title.
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Wyc Grousbeck is willing to pay up for more victory cigars but he is not the one footing the bill.
Getty Images
That was short of the current-high $4 billion Mat Ishbia paid to buy the Phoenix Suns in 2022.
Earlier this week, ex-Milwaukee Bucks great Junior Bridgeman reportedly bought a 10% stake in his former team at a $4 billion valuation.
The proposed plan for the Celtics sale is a compromise between father and son in which they fork over a 51% stake in the next few months and then the rest in 2028.
Wyc Grousbeck would remain the controlling owner until the sale is complete.
Their bankers JPMorgan and BDT & MSD Partners have yet to distribute sales books, sources said.
Jrue Holiday celebrating after hitting a three pointer.
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The Celts signed Jrue Holiday, along with Tatum, Derrick White and Sam Hauser this off-season to keep their core intact.
AP
The Post reported exclusively that Fenway Sports Group, owners of the Red Sox, are interested.
So is Stephen Pagliuca, the co-chairman of private equity giant Bain Capital who owns a little over 20% of the team, sources said.
NBA Commissioner Adam Silver does not like sales that happen in steps but indicated he would make an exception for this auction.
“We’ve said [to the Celtics] present to us what you’re considering and we’ll look at it on a unique basis. I think every one of these situations presents itself differently,” Silver said on Tuesday. |
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Basketball Fan
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unleasHell
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| Posted: Sat Sep 21, 2024 11:22 am Post subject: |
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| MJST wrote: | | Magic should buy them. |
And move them to Anaheim, change their Name and Colors...
Effectively ending the Celtics Dynasty once and for all..!
Maybe LeBron could kick in some money, even MJ...
HOPEFULLY CHINA ISN'T BUYING THEM... |
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Basketball Fan
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| Posted: Sun Sep 22, 2024 8:47 am Post subject: |
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| unleasHell wrote: | | MJST wrote: | | Magic should buy them. |
And move them to Anaheim, change their Name and Colors...
Effectively ending the Celtics Dynasty once and for all..!
Maybe LeBron could kick in some money, even MJ...
HOPEFULLY CHINA ISN'T BUYING THEM... |
I hear the sale could be closed as soon as November.
There's something that isn't clean going on with Celtics ownership. |
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lakersken80
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Joined: 12 Aug 2009
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| Posted: Sun Sep 22, 2024 9:31 am Post subject: |
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Yeah, the current owner isn't keen on paying the salaries of the current roster. Thats why he wants to dump it ASAP. |
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Basketball Fan
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| Posted: Sun Sep 22, 2024 9:53 am Post subject: |
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| lakersken80 wrote: |
Yeah, the current owner isn't keen on paying the salaries of the current roster. Thats why he wants to dump it ASAP. |
Apparently it's a family feud. All this time I thought Wyc owned the team but his father did and he's the son. |
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Basketball Fan
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Cutheon
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Joined: 10 Jul 2009
Posts: 13006
Location: Bay Area
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| Posted: Sun Nov 24, 2024 8:55 am Post subject: |
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| ^we shouldn’t allow foreign owners. What a joke. |
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Halflife
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Joined: 15 Aug 2015
Posts: 20520
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| Posted: Sun Nov 24, 2024 10:38 am Post subject: |
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| Cutheon wrote: | | ^we shouldn’t allow foreign owners. What a joke. |
It’s an international sport. The future of the league and it’s growth lives beyond the states.
_________________
Trade Bronny East.
How do you finish -53 on a 50-win team?
This game today is a little bit more soft, to call anybody a GOAT nowadays is disrespectful to ... the awards and accolades [MJI and Kobe have won.
- Kelly oubre jr |
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Basketball Fan
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Joined: 03 Feb 2004
Posts: 25188
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| Posted: Sat Jan 18, 2025 8:24 am Post subject: |
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https://basketball.realgm.com/wiretap/278830/Celtics-Expect-At-Least-Four-Bids-In-Sale-Of-Team
| Quote: | Celtics Expect At Least Four Bids In Sale Of Team
Celtics Expect At Least Four Bids In Sale Of Team
The Boston Celtics sale process is moving as expected. The first round of bids is due on January 23. The team expects at least four, and possibly five, bids from prospective ownership groups. The NBA has already vetted all potential bidders.
One of those bids is a group led by current co-owner Steve Pagliuca. That group has been clear in their intent to take controlling interest of the team. The identities of the other bidders are unknown at this point.
The Grousbeck family is expecting the sale price to exceed $6 billion. The Grousbeck's bought controlling interest of the Celtics in 2002. They announced their intention to sell the team this past summer, following the team winning a record 18th NBA championship. |
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