Celtics Ownership planning to make the team available for Sale. [UPDATE] Group led by Jeff Bezos and Tom Brady rumored to be interested.

[calh45]

These ppl are investors. At some point they take their profits. You're talking 1000% in some cases.

Investors don't own an asset for 17 years then sale. The investors you're talking about have a few year cycle on holding then selling. Ownership in a major sports league is something that's usually kept for multiple generations. The last three NFL teams sold were forced sales for a reason. These NBA owners are voluntarily giving up their teams. The two teams that were in the finals Dallas and Boston will have new owners next season. That's VERY strange.

Wyc owned the Celtics for 17 years. Marc Cuban owned the Mavs for 24 years. Glen Taylor owned the Timberwolves for 28 years and attempted to sell. Sarver was a forced sale so I'm not counting that.

I got curious and looked it up. This is from an article about the last MLB team sale which you'd think would happen pretty often. This ain't just about them being "investors" - The Rubenstein deal marks just the fifth time since the start of 2013 that a control ownership stake in an MLB team was sold. The pace stands in sharp contrast to the NBA (12 sales, including four last year), NHL (12 sales, including expansion and three Arizona Coyotes transactions) and MLS (16 new ownership groups, including expansion) over the same time period.

Orioles Sale to Rubenstein Just the Fifth MLB Deal in 12 Years

MLB team sales have been rare in recent years, in sharp contrast to the NBA and NHL who both have twice as many new owners since 2012.

www.sportico.com

 

[SmoothOperator88]

This might be the biggest positive out of all of this. People make fun of Steve Balmer, but building a new arena where you don't have to lease or share with another major team and get to have better control of scheduling and the facilities, is so much better

Exactly. After the Clippers move to their new arena next season, the Celtics & Sixers are the only teams that don't own or have operating rights for the arena they play in

 

[TheMailMan]

cuban sold

now celtics selling

these owners know something - maybe they think the league is finished after bron and curry retire

We got cade and ron Holland. Leagues in good hands lol

 

[Tommy Gibbs]

Guess the owners said its time for them to win a championship of their own

it aint about titles with Owners, it's about a profit. Owners would rather lose and make a large profit than win and not. You got Brown with that huge contract and Tatum about to get one too. I think I read that the celtics starting lineup has contracts worth almost a billion. I think they are cashing out at the right time.

 

[Juggalo Fred]

They better not build a stadium in Everett. Thankfully, they're locked into the TD Garden for a while.

Whats wrong with Everett?

Juggalo rapper Problemattik is from there

 

[William Heavy]

First off, fukk Felger and Mazz, but this story seems interesting. Jeff Bezos is selling 5 billion dollars worth of amazon stock. hmmm


Also some dude put out the odds on who might be the next owner
1. Larry Ellison (oracle) been trying to buy a team for over a decade. net worth 173 billion
2. Steve Pagliuca (already an owner of the team) 3.8 billion
3. Abigail Johnson (fidelity) 29.6 billion
4. Jeremy Jacobs 4.3 billion. Already owns the Bruins so that solves the arena issue. Question is what team would get the preferential treatment?
5. Fenway Sports Group who cares, no thank you
6. Jeff Bezos 210 billion
7. Steve Cohen (Mets Owner) 19.8 billion
8. Jerry Jones (,what's Eddie Debartolo been up to? ) 14.1 billion
9. Rob Walton (Wal-mart family) 84.7 billion
10. Robert Kraft 11.1 billion

 

[Raquinotj]

Rumor has it Bezos might be interested in Buying the Celtics, Tom Brady might be part of the group. $210 Billion Net worth would build a new Arena Downtown fast.

 

[In The Zone '98]

Does Jeff even like basketball?

 

[SchoolboyC]

Also there's the chance Pagulica buys Wyc's stakes to go from minority to majority owner. I'd welcome that

Just don't want anyone come in that's gonna be penny pinching and/or think they're the smartest person in the room and not let Brad cook

 

[Saysumthinfunnymike]

Also there's the chance Pagulica buys Wyc's stakes to go from minority to majority owner. I'd welcome that

Just don't want anyone come in that's gonna be penny pinching and/or think they're the smartest person in the room and not let Brad cook

This is Bill Simmons prediction too

 

[jdubnyce]

Does Jeff even like basketball?

It's capitalism
He likes profits

 

[UpAndComing]

Also there's the chance Pagulica buys Wyc's stakes to go from minority to majority owner. I'd welcome that

Just don't want anyone come in that's gonna be penny pinching and/or think they're the smartest person in the room and not let Brad cook

Exactly. Being filthy rich is never an automatic to knowing how to run a winning franchise

Steve Pags and Wyc are great owners because they are from Boston and actual diehard Celtics fans

 

[The Entity]

Wyc isn't very liquid - he might be one of the few owners who can't legitimately afford to pay the season to season cost of being over the 2nd apron, even with valuations rising. The new wave of owners are significantly wealthier than the older guard, ringing true Cuban's "middle class billionaire" quip.

 

[KateFabersBoyfriend]

What percentage is the majority stake?

 

[King Poetic]

Does Jeff even like basketball?

A lot these sports owners don’t even know the sports they own their team in