The Celtics are being sold for over 6 billion.

[Kblaze8855]

https://www.hostpic.org/images/2503201945190345.jpeg

Congratulations to your teams owner. It’s now worth at least another billion dollars.

[Kblaze8855]

This is why Taylor wanted To invalidate the Minnesota sale by the way. He got 1.5 and by the time it will be final the established value is double that. Arod and company can now sell portions at a much higher value. Sell off 10 percent at a 3 billion value it’s obviously a lot more cash than at a 1.5 value.

A lot of them sold too much in the past already though.

[Real Men Wear Green]

Grousbeck is still in charge until 2028. Hopefully that means they continue to spend like drunken sailors as the Grousbeck family and their partners have that 6.1 billion coming and having to pay less of all that salary and luxury tax. That would keep the championship window open until at least 2028. Sure, they probably don't win the championship every year but with all that talent and more and more playoff experience that should get multiple titles.

The new owner, Bill Chisholm, grew up a Celtic fan in Massachusetts. I don't know for sure whether he will prioritize the more easily visible profits of a smaller payroll with the tv contract and just ride Tatum and/or Brown to respectability or he is willing to potentially make less (although, who knows with a potential dynasty) and make a hard try for the championship every year of Tatum and Brown's prime. But even if this group only gets until 2028, we Celtic fans are quite fortunate.

[Kblaze8855]

As much as we Gripe about cheap owners I can see why a guy with a reported net worth around 7 billion who buys a team for 6 billion(no doubt with partners so it isn’t all him) Wouldn’t want to spend 513 million on payroll, which the Celtics are going to do next season after luxury taxes. And there is no Way out other than just giving away good players.

Porziņģis only has one more year but holiday I think has three and they have a brief window before whatever they pay Pritchard kicks in. Assuming he gets paid and they also extend white…

Eh…who knows. Like you said, maybe the old owners won’t wish to go out with a bad reputation from gutting a championship team.

Be funny if they extend Porziņģis and max out Pritchard on the way out the door, knowing they won’t have to pay it.

[Real Men Wear Green]

A major unknown is what unwritten understanding there is between Grousbeck and Chisholm regarding who Chisholm wants to be left with. I hope that Grousbeck continues to run the team the same way but it wouldn't be a major shock to maybe see guys over 30 get moved on from even though they still can help. If I was spending 6 billion on a team, don't care what is publicly said the guy selling me the team is going to consider what kind of roster I want to inherit. Definitely can't complain if we see a partial rebuild around the younger parts of the core, in fact I would count that as a win and rely on Stevens to make it work.

[Lakers Legend#32]

Regardless, F#ck Boston.

[90sgoat]

His name is Scottish, so that is good I guess.

[rawimpact]

Honestly surprised. Clippers sold for 2B in 2018 and they're a shadow in their own city. Apparently they're worth 5.5B now... so for Boston to sell for 6B something seems off. Probably the valuation of the clippers.

[Real Men Wear Green]

A team is worth either what someone will pay for it or what the owner would sell it for. No other valuation really matters, especially given the small number of people that can realistically but a major sports team. You would probably have to blow Balmer away to buy the Clippers so the asking price could be more than the Celtics but they are indeed the second class citizens in LA. Won't know what they're worth until his heirs sell them.

[highwhey]

Honestly surprised. Clippers sold for 2B in 2018 and they're a shadow in their own city. Apparently they're worth 5.5B now... so for Boston to sell for 6B something seems off. Probably the valuation of the clippers.

this. if you factor inflation and the new media deal...6 billy is not much more than the clippers sale. suns sold for 4 billion two years ago.

[MMM]

Honestly surprised. Clippers sold for 2B in 2018 and they're a shadow in their own city. Apparently they're worth 5.5B now... so for Boston to sell for 6B something seems off. Probably the valuation of the clippers.

The Celtics dont own their own building so being a tenant kinda drags them down

[eliteballer]

Here comes expansion.

They were waiting for this sale to set market value.

[Real Men Wear Green]

Actually 7.3 billion. (https://www.axios.com/2025/03/20/boston-celtics-record-sale)

I am hoping that this is a good sign, because it sounds nuts to me in theory to spend 7 billion on something just to hope for a few hundred million more. Also, the phrase "few hundred million" is absolutely insane.

On the flip side the Celtics are "just" 17 mil from being below the second apron next season. If that's the only casualty to this and the Jays are still here that means the team can still contend so I'll call that a win.

[999Guy]

Corporate people suck the fun out of every thing in life for greed.


The Rockets have luckily, salvaged a good young team after Fetitta’s sabotage. But make no mistake, he did try to make his big moves in his first months as owner and made things 10x harder on the GM Stone.

To say nothing of the shitshow in Dallas.


These billionaire boobs always make drastic changes as soon as they own the team. They’re gonna trade Porzingis and White for some bigger named losers or some shit next year guaranteed.

[Real Men Wear Green]

Preemptive negativity is just as justified as optimism so although I don't see what Houston or whoever has to do with Boston I'm not going to defend Chisholm that hard at this point. But I don't see how the owners of an NBA team are going to be anyone other than billionaires. I think Toronto might have some special weird ownership deal but I'm not sure about that.

[GimmeThat]

you're saying people bought 3 point shots, rebounds, and assists ended up turning a profit. sounds like death to me.

[rawimpact]

It allows these billionaire owners to stay in the limelight -- atleast those that passively enjoy it like Mark Cuban or Dolan.

Has there ever been an instance where a longtime owner loses money on a sale? I can't recall

Edit: I was interested so I did a bit of digging. Apparently buying a business is much like buying a farm. You can deduct the cost of the business purchase as a deduction. Annually certain aspects of the business also degrade much like a farm's crops do, and that too is considered to be a tax deduction.

[GimmeThat]

Apparently buying a business is much like buying a farm.

thought you meant there's too much chicken in our farm, we should just have sex with it