The sale of the Celtics is likely to be completed as early as 2025, although the franchise was sold in July and the process has been accelerating in recent weeks.
“We may be hitting the tipping point a bit,” said one investor, via Athletic. “Most of the owners who have been in any sports league for a while are rich and have money. Most of the long-term owners, I think, if you ask them, I think that in their wildest dreams, they would not have thought that these groups would become these mini Disneys as I call them, or these amazing organizations with huge economies. volume.”
Mark Cuban bought the Mavericks for $285 million in 2000 and sold most of the team last year for $3.5 billion.
The billionaire explained that he sold Dallas because he wasn’t sure if his children would want to manage the team one day.
“If they don’t,” she said in an email to him Athletic, “It’s a nightmare trying to figure out how to deal with legacy issues.”
Sales price forecasts are different everywhere you look.
One NBA owner believes the team could sell for around $6 billion, a sports banker predicted $5.5 billion, Forbes values the team at $6 billion, while Sportico gives the Celtics a net worth of $5.12 billion .
“I think there’s a lot of potential,” Celtics owner Jim Breyer said. “Both potential new investors, more purchased teams. I have no doubt that the sale of the Celtics will go very well. I don’t know exactly how. No one can predict. The Celtics are a great franchise.”
But the Celtics are expected to pay $200 million over the next few years and will be well above the luxury tax threshold. The worst CBA tax rate starts next year.
The new owners could be presented with a big decision right away to decide whether to keep the title-winning team together or split it up to save the dosh.
“It’s going to be almost impossible to keep the big teams together,” said one NBA owner, who spoke on condition of anonymity to speak freely. “It’s not just money anymore. Now it’s about keeping draft picks and being able to improve your team, and dealing with the hard cap. No one wants to be the owner who has to break the championship or the big team, because of the apron cap (second) is strong. Your followers won’t understand any of this. They will just hate you. I think that’s why Wyc is selling and that’s why he even set a time for his involvement that coincides with the end of their contracts.”
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