[Wojnarowski] 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.
by mastermind208
41 Comments
What??
WHAT
not on my off-season bingo card…
Bro won another chip and said yea I’m out lmfao. I wonder if this was all intentional, go all in and jack up the value of the team and then sell off at peak. Businessmen will be businessmen lol
So Wyc is locking up all the contracts then asking the next ownership to pay the tax. Lol
I dont like that.
it’s been way too long since bad news dropped we were overdue
#BY GOD THATS JOHN HENRY’S MUSIC
Uh… what the fuck?
Wyc don’t sell pls
oof Dont love that
well thats one way to get out of the luxury tax
Wow … Selling at a high mark I guess and we bout to get hella expensive soon
Praying the new owners got pockets
Time to talk to my bank
Wtf no 😭😭
Oh come on this is like the one good ownership group left in Boston…
I have $5 if we all wanna pitch in?
True Celtics fan Wyc Grousbeck. Made sure everyone was locked up before going “I can’t afford this shit, I’m out.”
Wait whyyyy I love Wyc. I love having an owner that is an actual fan of the team😔.
WTF?!?
Ok — so that means they are concerned about the tax bill
Bro signed all these contracts and said I aint payin for this shit lol
Doesn’t necessarily mean a sale…will be a huge price tag and we’ve seen owners back out (see: Glen Taylor). Horrible news, however. Wyc is the best owner in Boston and maybe sports and it ain’t close.
So this is why Wyc is handing out these contracts. It’s not his money anymore!
Just don’t sell it to the Fenway group….
Despite being private I’ve tried to look into how the Celtics were actually being run financially and it always confused me how the collective ownership group was ponying up the dollars despite their relatively small net worths. I guess now we know they probably can’t in this new CBA era. Praying for a Balmer.
Man I don’t like this….
We’ve been so fortunate to have great FO and good ownership for so long.
All it takes is getting a bad owner and they can fuck up everything. Hire incompetent people, fire competent people, and make their FO make terrible moves.
Just hoping that Wyc and co sell to an owner that loves the Celtics and is smart enough to let Brad and the FO do their thing.
That new CBA is no joke they said FUCK that tax bill lol
Let’s all pitch in and buy the team. Like the packers or something
Make sense, Wyc is not among the highest net worth owners. It will be hard for him to pay all that luxury taxes coming this way. Hopefully, it would be a responsible and sensible owner.
So they’re going to dilute their own shares and allow other billionaires to buy in in order to help split the bill right?
Please???
Can we get a list of Boston billionaires who could potentially buy the team ?
The buyers gotta be someone ultra rich who actually cares similarly to Wyc
This is actually devastating
I’m terrified
Get ready for a Private Equity group to come in, pay the tax for a year, then strip the team down and eventually turn it into a soulless husk of an org. Fucking over fans left and right and treating them as a tourist attraction. Oh god
Beginning of the end. At least we got one banner out of this group.
LMAO WTF WYC
The Mavs sold for 3.5 billion so conservatively if the Cs go for 4 billion, every member of r/bostonceltics would only need to pitch in $7073. We can do this!
It just came to me that Brad might not jive with a new ownership group. Losing Brad would actually destroy us.
He probably doesn’t have the money but Eagles Owner Jeffry Lurie is a big Celtics fan. Would be a great owner for the team.
If all 565,000 of us put down….. $10,000 each we could buy the team.
Holy fuck it must be nice to have that kind of money.