Celtics For Sale! (Celtics sold to Bill Chisholm of Symphony Technology Group for record $6.1B)

[OnlyTheTruth]

Yeah this is not a good sign.

[Parliament10]

Read on Twitter

That's a pretty investment. Their 2023 Revenue is higher than what they purchased the Team for, in 2002.

[24istheLAW]

Timing certainly makes sense for Wyc.

Unfortunately, this seems like bad news for us. I'm not sure anyone in the class of billionaires we want is going to jump in. The rich billionaires are looking for a real estate play, like an NFL team and a new stadium. More likely we get the poor billionaires of the sort who can't spend on tax, and can't outbid the rich billionaires for the higher growth sports franchise opportunities.

Certainly a bummer.

[Fencer reregistered]

Looks like he had no interest paying that tax bill after all.

I've been saying all along:

-- Wyc would support the Celtics spending whatever makes sense ...
-- ... even if he can't or doesn't want to sustain the implications PERSONALLY.
-- This is not a contradiction, because he and Pags and other investors are willing to sell equity or do other transactions as makes sense.

[brackdan70]

I can come up with 100K. Who else is in???

[bigfoot_cryptozoology]

Entire group of players? How would Wyc even know that lol.

No, no, the ownership group had net resources of $9 Billion.

Right, but Parl was referring to former Celtics players pooling their funds to become a buying group.

My Bad, missed out on Parl's part.

You know what former player might be able to gather such a group together and has already saved the Celtics once: Larry Bird!
If Michael and LeBore can have their own teams, why not Bird?
It would be quite amazing...

[bigfoot_cryptozoology]

I can come up with 100K. Who else is in???

They could do it like the Green Bay Packers and have the fans own the team...

[shackles10]

Can't wait for Janos to weigh in on this. Hope he mentions how Wyc's sitcom sucked...

[Joshyjess]

It's funny how everyone is seeing this as an end of the world kind of thing. For all we know, it could actually turn out awesome. Maybe someone like Kraft or Musk will come in, and not only buy controlling shares, but build a new arena.
I just think it's kind of early to go all "We're Doomed" until we know more.
I've got to imagine that the C's are probably one of the most desirable franchises right now, and will attract a buyer who want to invest whatever it takes to keep that going.

[shackles10]

No, no, the ownership group had net resources of $9 Billion.

Right, but Parl was referring to former Celtics players pooling their funds to become a buying group.

My Bad, missed out on Parl's part.

You know what former player might be able to gather such a group together and has already saved the Celtics once: Larry Bird!
If Michael and LeBore can have their own teams, why not Bird?
It would be quite amazing...

He's gotta spend that Allstate "mayhem" money on something I guess

[shackles10]

It's funny how everyone is seeing this as an end of the world kind of thing. For all we know, it could actually turn out awesome. Maybe someone like Kraft or Musk will come in, and not only buy controlling shares, but build a new arena.
I just think it's kind of early to go all "We're Doomed" until we know more.
I've got to imagine that the C's are probably one of the most desirable franchises right now, and will attract a buyer who want to invest whatever it takes to keep that going.

I would expect this from a new guy, but this is what we do around here lol

[KamikazeK]

It's funny how everyone is seeing this as an end of the world kind of thing. For all we know, it could actually turn out awesome. Maybe someone like Kraft or Musk will come in, and not only buy controlling shares, but build a new arena.
I just think it's kind of early to go all "We're Doomed" until we know more.
I've got to imagine that the C's are probably one of the most desirable franchises right now, and will attract a buyer who want to invest whatever it takes to keep that going.

I don't want my favorite basketball team to have anything to do with Musk. Don't care if he builds 20 stadiums.

[shackles10]

Hey guys remember how we used to have multiple threads waiting for fireworks on that hopeful free agent signing? People have joked that this time of year is boring for us now and we can't even fill up 100 pages on the whole league, let alone one misguided airport sighting. Well this shall be our new summer thread. Go ahead and start thinking up thread titles for parts 2-7...

[Joshyjess]

It's funny how everyone is seeing this as an end of the world kind of thing. For all we know, it could actually turn out awesome. Maybe someone like Kraft or Musk will come in, and not only buy controlling shares, but build a new arena.
I just think it's kind of early to go all "We're Doomed" until we know more.
I've got to imagine that the C's are probably one of the most desirable franchises right now, and will attract a buyer who want to invest whatever it takes to keep that going.

I would expect this from a new guy, but this is what we do around here lol

Hey the C's broke tradition by actually closing out the Finals, and winning!!! I think it's time for C's fans to do the same. Let's stand up, stop being doom-and-gloomers, and say "It's a glorious day, things can't be better"!!!!

[ConstableGeneva]

The new owners can avoid the tax if they trade Tatum for Cooper Flagg after they win banner 19 in June 2025.

[bfchs123]

It's funny how everyone is seeing this as an end of the world kind of thing. For all we know, it could actually turn out awesome. Maybe someone like Kraft or Musk will come in, and not only buy controlling shares, but build a new arena.
I just think it's kind of early to go all "We're Doomed" until we know more.
I've got to imagine that the C's are probably one of the most desirable franchises right now, and will attract a buyer who want to invest whatever it takes to keep that going.

These franchises are starting to get real pricey (this looks like it could be $5-6bn) - going to be someone with some serious coin and the list is probably not very long

[BillessuR6]

Wyc just does not have the money to pay for the huge tax bill down the line... What is he worth?

We need a multibillionaire...

Sent from my SM-A536B using RealGM mobile app

[31to6]

Hey guys remember how we used to have multiple threads waiting for fireworks on that hopeful free agent signing? People have joked that this time of year is boring for us now and we can't even fill up 100 pages on the whole league, let alone one misguided airport sighting. Well this shall be our new summer thread. Go ahead and start thinking up thread titles for parts 2-7...

Was the new owner spotted at Logan??

[phincsfan]

Just get Tatum to sign the max and Wyc can sell

[phincsfan]

Wyc and Steve were actually two of the lowest net worth sports owners. Pretty sure every NFL owner is a billionaire.