A majority stake within the Celtics is up for grabs and CNBC senior sports activities reporter Michael Ozanian expects it to promote for a record-breaking worth.
The very best NBA sale worth on a crew is at present $4 billion from 2022, when Mat Ishbia purchased the Suns from Robert Sarver.
The Celtics are a much more worthwhile crew since successful the 2024 NBA Championship and their lengthy historical past of success.
Boston Basketball Companions LLC, led by Wyc Grousbeck, wasted no time after successful the chip, by saying the intent to sell a majority stake just weeks afterward.
Ozanian has given perception into how he thinks it can all go, per an unique interview with NBCU Native.
“Nicely, I feel what’s attention-grabbing about that is that the present proprietor, Wyc Grousbeck, has mentioned that the sale goes to occur over just a few years,” Ozanian mentioned. “So, I feel if it had been to occur over three-to-four years, that’s a bonus towards getting a better worth as a result of the group shopping for the crew shouldn’t be going to should put down all the cash directly, they’re not going to should finance it suddenly.”
He additionally touched on the truth that the timing league’s new media rights deal, which was solely not too long ago finalized, may be very lucky.
“The opposite factor is, and the timing was superb, was that as we all know, the NBA simply acquired a brand new nationwide media deal — which is I take into consideration 2.7 instances its earlier media deal, even accounting for the truth that it’s going to share some with the WNBA,” Ozanian mentioned.
He added, “It’s important to assume that the Celtics are going to promote for not less than $6 to $7 billion,” Ozanian mentioned. “The Celtics don’t function their enviornment, the sector that they play in is operated by the Boston Bruins possession group, however they do have some distinctive advertising and marketing and sponsorship actions within the enviornment, which helped them.”
Reviews about folks like Amazon founder Jeff Bezos and Fenway Sports activities Group’s John Henry have been about, although the Bezos rumors have been disputed by a source near the matter.
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