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Started By
Message
Shaking Shams: Boston Celtics sold at a valuation of $6.1B
Posted on 3/20/25 at 8:57 am
Posted on 3/20/25 at 8:57 am
9
Posted on 3/20/25 at 8:58 am to The Egg
Spending 6.1B to make what? A couple hundred thousand when its all said and done. I dont understand rich people throwing dumb money around
Posted on 3/20/25 at 8:59 am to The Egg
Good for that family. The nba is a falling product… it’s going to price itself out of business soon.
Posted on 3/20/25 at 9:03 am to lsubatman1
quote:It's clearly not about the money when you can toss 6 Bs out there like it's nothing. I'd probably buy a team for the hell of it if I had that kind of money laying around too
Spending 6.1B to make what? A couple hundred thousand when its all said and done. I dont understand rich people throwing dumb money around
ETA: also the ROI for the Celtics, one of the most storied programs in sports, will be fantastic. I get the NBA is dying, but it's still the Boston Celtics we're talking about. It's not like they bought the Utah Jazz
This post was edited on 3/20/25 at 9:06 am
Posted on 3/20/25 at 9:06 am to The Egg
I bet the Pelicans are worth 4…
Posted on 3/20/25 at 9:07 am to lsubatman1
when you have that much money you have to spend it on something
Posted on 3/20/25 at 9:08 am to lsubatman1
quote:
Spending 6.1B to make what? A couple hundred thousand when its all said and done. I dont understand rich people throwing dumb money around
Sports franchises have been one of the best investments out there
Posted on 3/20/25 at 9:10 am to chalmetteowl
quote:nah. Bout tree fiddy
I bet the Pelicans are worth 4…
Posted on 3/20/25 at 9:10 am to dukke v
quote:
The nba is a falling product…
Compare what NBA teams were worth when during your so-called glory years of the 90s to what they're worth now.
While you're at it compare the revenues and television deals.
Then come back tell us more about failing
Posted on 3/20/25 at 9:13 am to The Egg
Wasn’t long ago that the Clippers going for 2 billion was thought to be insane
Posted on 3/20/25 at 9:14 am to lsubatman1
quote:
Spending 6.1B to make what? A couple hundred thousand when its all said and done. I dont understand rich people throwing dumb money around
I don’t know, making several million a year and then unloading for likely a couple billion if you ever want to and getting to say you own the Boston fricking Celtics seems pretty sick to me
Posted on 3/20/25 at 9:15 am to The Egg
Private equity firm owner? They’re gonna be renting the trademark rights to Larry Birds likeness to make an extra 250 bucks in profit a year.
Posted on 3/20/25 at 9:25 am to lsubatman1
quote:
Spending 6.1B to make what? A couple hundred thousand
Are you fricking high?
Posted on 3/20/25 at 9:29 am to lsubatman1
Everyone knows the NBA is going completely and totally financially bankrupt in under 5 years
Posted on 3/20/25 at 9:29 am to wildtigercat93
Chilsolm's alleged net worth before this was "only" 7.5 billion.
I believe the majority owner only has to own 15% in the nba.
You can have up to 25 owners with one person needing to own only 15%
He certainly owns a much larger share than that, but he has a bunch of other entities involved I'm sure and is leveraged to high hell.
Sports teams can be a pretty damn good investment. If I was a Celtics fan though I would be worried as hell that a Private Equity Bro is taking over. He isn't going to want to pay massive Lux Tax bills and will want to maximize profit, because that is the Private Equity mindset
I believe the majority owner only has to own 15% in the nba.
You can have up to 25 owners with one person needing to own only 15%
He certainly owns a much larger share than that, but he has a bunch of other entities involved I'm sure and is leveraged to high hell.
Sports teams can be a pretty damn good investment. If I was a Celtics fan though I would be worried as hell that a Private Equity Bro is taking over. He isn't going to want to pay massive Lux Tax bills and will want to maximize profit, because that is the Private Equity mindset
Posted on 3/20/25 at 9:29 am to The Egg
Further proof the NBA is "failing." Jesse Watters told me.
Posted on 3/20/25 at 9:29 am to mattz1122
quote:if my small town is any proof it absolutely is
Further proof the NBA is "failing." Jesse Watters told me.
Posted on 3/20/25 at 9:34 am to The Egg
If that number is legit, the next NFL team sale is gonna be wild.
Posted on 3/20/25 at 9:35 am to lsubatman1
quote:
I dont understand rich people throwing dumb money around
if i had 6 billion lying around I would buy a professional sports team myself.
Posted on 3/20/25 at 9:38 am to Cliff Booth
quote:
If that number is legit, the next NFL team sale is gonna be wild.
Cowboys must now be worth about $15-20b.
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