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 value.
The very best NBA sale value on a group is at present $4 billion from 2022, when Mat Ishbia purchased the Suns from Robert Sarver.
The Celtics are a much more precious group 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 promote a majority stake simply weeks afterward.
Ozanian has given perception into how he thinks it’s going to all go, per an unique interview with NBCU Native.
“Properly, I believe what’s attention-grabbing about that is that the present proprietor, Wyc Grousbeck, has stated that the sale goes to occur over a couple of years,” Ozanian stated. “So, I believe if it have been to occur over three-to-four years, that’s a bonus towards getting the next value as a result of the group shopping for the group shouldn’t be going to should put down all the cash without delay, they’re not going to should finance it .”
He additionally touched on the truth that the timing league’s new media rights deal, which was solely lately finalized, may be very lucky.
“The opposite factor is, and the timing was excellent, was that as we all know, the NBA simply bought a brand new nationwide media deal — which is I take into consideration 2.7 occasions its earlier media deal, even accounting for the truth that it’s going to share some with the WNBA,” Ozanian stated.
He added, “It’s important to assume that the Celtics are going to promote for at the least $6 to $7 billion,” Ozanian stated. “The Celtics don’t function their area, 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 area, which helped them.”
Studies about individuals 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 supply near the matter.
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