BREAKING: The Boston Celtics majority ownership group — led by Wyc Grousbeck — is planning to make the franchise available for sale, sources tell ESPN. The investment group purchased the team in 2002. Massive development for one of sports’ most valuable properties.
Which billionaire group wants it? _________________ “The main goal for the Lakers is to win a championship. All I care about, all we care about, is to raise another banner in the rafters.“
Def buying high but this would be the ultimate billionaire hobby purchase, a league champ _________________ “The main goal for the Lakers is to win a championship. All I care about, all we care about, is to raise another banner in the rafters.“
Marc Lasry sold his stake right after the Bucks won. My guess is Lasry saw where the league was headed with the new CBA and didn't think there would be a way to create a sustainable edge. I wonder if the Boston owners feel the same way.
Joined: 17 Jun 2008 Posts: 374 Location: Boston, MA
Posted: Mon Jul 01, 2024 10:41 am Post subject:
The official memo on this says that selling the Boston Celtics will take a few years to transition over to the new owners and Wyc will remain governor of the team until 2028. By that time, the window for this particular team will be over anyways and it will be up to the new owners to build the next Celtics team. We'll see.
I think many Celtics fans are hoping that Robert Kraft and his group will take over the team as he definitely has the funds and he's willing to do whatever it takes to keep a team successful. _________________ Boston Celtics are the 2024 NBA Champions!!!
Last edited by BirdMagicLegend on Mon Jul 01, 2024 10:42 am; edited 1 time in total
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.
Streaming revenues will change the valuation and business model of sports franchises; it won't happen tomorrow but it is coming. Perhaps the Grousbecks are nervous about the potential scenario outcomes.
I would rather the buss family keep what their father worked hard for in the family.
You realize they can't stay competitive, if it weren't for the salary cap I doubt they would even spend what is required.
Look at the stories that are told of the facilities and resources and skimping that goes on behind the scenes. This isn't the WORLD CLASS organization that Dr. Buss built in the 80s and 90s. Even the good Dr. was cutting corners at the end and getting cheap on players.
This is a big corporate game now and a big boy billionaires game, heck even Mark Cuban can't hang anymore.
1. They don't see the NBA having much of a future where they can make massive profits so they're cashing out now.
2. A scandal is about to break and they are selling assets etc.
I would rather the buss family keep what their father worked hard for in the family.
You realize they can't stay competitive, if it weren't for the salary cap I doubt they would even spend what is required.
Look at the stories that are told of the facilities and resources and skimping that goes on behind the scenes. This isn't the WORLD CLASS organization that Dr. Buss built in the 80s and 90s. Even the good Dr. was cutting corners at the end and getting cheap on players.
This is a big corporate game now and a big boy billionaires game, heck even Mark Cuban can't hang anymore.
This is just entertainment, i'm not the owner of the team.
Complainers should need a life outside of this and touch grass.
People could either choose to be a fan or root for a teams franchise that better suits their entertainment value.
I personally don't understand why people willing to watch a product they don't appreciate..
Ask Buss's to sale because those fans are emotional.
Jerry Buss left it to them. It is their lineage. They could do with it what they want.
If anyone continues to watch some thing that they don't like, it is up to them.
I would rather the buss family keep what their father worked hard for in the family.
You realize they can't stay competitive, if it weren't for the salary cap I doubt they would even spend what is required.
Look at the stories that are told of the facilities and resources and skimping that goes on behind the scenes. This isn't the WORLD CLASS organization that Dr. Buss built in the 80s and 90s. Even the good Dr. was cutting corners at the end and getting cheap on players.
This is a big corporate game now and a big boy billionaires game, heck even Mark Cuban can't hang anymore.
This is just entertainment, i'm not the owner of the team.
Complainers should need a life outside of this and touch grass.
People could either choose to be a fan or root for a teams franchise that better suits their entertainment value.
I personally don't understand why people willing to watch a product they don't appreciate..
Ask Buss's to sale because those fans are emotional.
Jerry Buss left it to them. It is their lineage. They could do with it what they want.
If anyone continues to watch some thing that they don't like, it is up to them.
Don't appreciate? WTF you talking about? Get off your soapbox.
I've been watching for almost 40 yrs. If anything I care about the team too much.
The economics of the NBA is changing faster than ever. Your "ENTERTAINMENT" value for this team will suffer greatly with the direction they are heading post LeBron.
Be crazy if Bron retire and buy this team _________________ “The main goal for the Lakers is to win a championship. All I care about, all we care about, is to raise another banner in the rafters.“
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