Wyc Grousbeck to make the Boston Celtics available for sale | Gresh & Fauria

Wyc Grousbeck to make the Boston Celtics available for sale | Gresh & Fauria

inter this this is breaking news breaking news on Wei is presented by betql smarter beds start with bql download the bql app or visit B ql.com today so you’re paid in championships are you fo the money always wins ladies and gentlemen and this one is going to feel like a little bit of a gut punch according to Adrien w narowski the Boston Celtics majority ownership group led by Wick grck 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 this you know what the whole I mean again it’s nice to say were paid in championships then there is the real life we we we got to pay what what with the how much what oh and remember go all the way I I know I’ve been a broken record on this go all the way back to Golden State they had to sell a part of their franchise to pay their tax bill but not the team insane not the team no that part eventually it catches up no you’re right you know what they did was those owners diluted their own asset because now those players are leaving and you look at it and say well you got yourself of like kind of a free Arena but still it’s not the Heyday of what it was no but it it’s was think I was just thinking about this so if you um you know you you’ve already been thinking about selling right it’s been in your mind for for months now maybe even a year it’s not like you’re now you’re willing to let it be leaked that you’re going to make the team the Boston Celtics team available for sale right okay hold on time out we’re just now finding out but I think the people that are in the running have already known oh absolutely this is yeah Wick did not just wake up and say yeah we’re going to put a for sale sign on this again it it’s my whole why was Theo Epstein brought in I’m convinced he’s looking for somebody to go buy the asset that is the Boston Red Sox and make a ton of money what Wick paid for this 20 years ago compared to now I know we love him and I know fans don’t want to hear it but from a pure business standpoint there is no better time for Wick rosec to sell what is an asset and I would also add yes there is a massive tax liability associated with this team based on the the contract however if you if you want to buy a franchise mhm you can easily sell this as look at look at what I’ve set up for you you you’re set up for the next 10 years the all these guys are under 26 all these contracts are locked up as soon as I do sell it to you yes you’re going to have to pay this and that but eventually you’re probably going to get all your money back and then some and then these guys aren’t going anywhere so you’re you’re actually you’re actually you’re not offering this to them Hey listen this needs a complete tear down you need to do this you need to do that all the pieces are in place the most important pieces are in place Brad Stevens is is is in place your players are in place all your all the the stadium is in place you don’t need to do anything but ride a big fat check and enjoy the benefits of all the hard work that I put into it now the question is what is the value of this franchise easily 4 and a half billion if not more easily four and a half billion now it’s funny you say that because I I I pulled this up on the whole Forbes valuation right as of June 2024 Forbes estimates the Celtics are worth 4.7 billion including debt uh there’s a 1200% increase from the price paid by Wick gck and his Partners according to uh Forbes and again this is a little AI overview or whatever Celtics are the 22nd most profitable sports team generating an estimated 2 69 million in operating income over the last three seasons so that’s interesting because that’s an over the last three seasons deal but basically they generate 269 million in operating income over the last three years 4.7 billion and if it turns into a bidding war you might be able to get that up to maybe maybe five billion when it comes to franchises American franchises now all sports included the crown jewels the top five American sports franchises would be Dallas the Lakers probably the Patriots over the past like you know 23 years the Boston Celtics are in that group are they not well they’ve all gone up because of I mean anybody that bought a team but as far as bragging rides hey man I I own the Celtics I own the Lakers I mean that’s what I’m kind of what I’m talking about well you got to remember too that some soccer teams will get thrown in there so American franchises only I have here the world’s most valuable sports teams okay Cowboys in 9 billion Yankees at 7.1 billion the Golden State Warriors at 7 billion really so the people who bought 5% of that team a bunch of years ago have experienced tremendous grow they got all their money back it says the Patriots are 7 billion the Rams are 6.9 Giants 6.8 and then Bears Raiders Knicks Jets and then you get to Real Madrid football teams worth 6.1 and then the commanders then Manu and then the 49ers and the Lakers are in at 5.9 billion okay so were they were they the first basketball team in there they were not it was the Warriors The Warriors right okay and then the Knicks at 6.1 so I did kind the Knicks were at 61 in there so Lakers were third wow the Celtics weren’t even how old is this uh this would be March 12 2024 wow yeah but still if the if if the Celtics are a billion dollars behind the Lakers that’s still 4.9 billion it’s a little more than the evaluation out there I mean that’s my point like when you’re buying like an institution like the Celtics and all the history and all the you know and all the Championships that go with it I mean I wonder I mean it’s got to be like this has got to be a hard one to kind of give up but when you’re looking at no no but when you’re because I I would think that most of these guys are so kind of emotionally attached to the team right it’s like a family business it’s in it’s a longterm I’m my my sons are going to do it there’s some are going to do it like football teams tend to stay in the family like it’s a family run business and they never give it up this one on the other hand man like what a return on investment well maybe the headache maybe you don’t want to deal with the headache anymore well there’s the the looming tax bill there’s the new television contract that’s coming because it’s supposed to be pretty significant though isn’t it yeah and that’s what you use to be able to Jack the valuation up of the asset you’re selling uh there is also the hawk that they have on the hour back Center you can go back to uh 2017 where it says the NB the New Balance Development Group secured 76.3 million uh construction and permanent financing loan for the power back Center so there’s there’s got to be their Hawk on that that would get thrown in as well but I I mean I I do not want to lose Wick rck as an owner but you’re going to lose Wick rck as an owner there’s no you don’t announce it let it be leaked out if you already to your point don’t already have somebody interested in it because how embarrassing would it be ah you put that for sale sign up and it lasts for like two years hey here’s the other thing too Wick gck and John Henry they’re they’re in this city are kind of similar in terms of length we praise Wick gck we vilify John Henry and Henry’s technically won more interesting and I would say we count about all the money that each guy has spent I bet you Henry spent more there might be

Big news in #boston, as #bostonceltics owner Wyc Grousbeck is set to make the team available for sale. Gresh and Fauria react.

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