CELTICS UP FOR SALE?!

worcester wrote:So you are saying, dboss, you'd prefer a mega billionaire to Heckler and me?

dboss wrote:Checking on the source of this latest rumor, I have determined that it was generated by Bill Simmons on a recent podcast.  As other media outlets pick up the story, it has spread like another variant of Covid 19

https://www.youtube.com/watch?v=9E3AYG-CyQA&t=314s

I for one hope that this rumor is true.  It makes a lot of sense to me.  Bezos is superrich.  My lament over the long term impact of the new CBA and how draconian tax penalties could eventually rip this team apart, is a problem in search of a solution.

Enter Jeff Bezos who has enough liquidity to pay cash for the Boston Celtics.  The big piece of the team is owned by Wyc who is ready to cash out.  While the remaining owners could be potential buyers as a collective group, they are not on the same financial level as Bezos (in the 200 billion dollar range)

As we know, Amazon (Jeff Bezos) is a player in the NBA with respect to broadcasting NBA games.  He has shown interest in purchasing a professional sports team.  The Boston Celtics are one of the very few premier franchises in sports history.  

The Celtics arena, which they lease, is already 20 years old.  Bezos could come in and build a new state of the arts arena by himself or in a joint private/public partnership like the way Steve Ballmer has done for his Clippers.  

I give him a thumbs up.

NYCelt wrote:

dboss wrote:Checking on the source of this latest rumor, I have determined that it was generated by Bill Simmons on a recent podcast.  As other media outlets pick up the story, it has spread like another variant of Covid 19

https://www.youtube.com/watch?v=9E3AYG-CyQA&t=314s

I for one hope that this rumor is true.  It makes a lot of sense to me.  Bezos is superrich.  My lament over the long term impact of the new CBA and how draconian tax penalties could eventually rip this team apart, is a problem in search of a solution.

Enter Jeff Bezos who has enough liquidity to pay cash for the Boston Celtics.  The big piece of the team is owned by Wyc who is ready to cash out.  While the remaining owners could be potential buyers as a collective group, they are not on the same financial level as Bezos (in the 200 billion dollar range)

As we know, Amazon (Jeff Bezos) is a player in the NBA with respect to broadcasting NBA games.  He has shown interest in purchasing a professional sports team.  The Boston Celtics are one of the very few premier franchises in sports history.  

The Celtics arena, which they lease, is already 20 years old.  Bezos could come in and build a new state of the arts arena by himself or in a joint private/public partnership like the way Steve Ballmer has done for his Clippers.  

I give him a thumbs up.

I would be in for this one, too.

A little shot of something new for Boston and the league. Bezos would have the resources to look at the arena situation and maybe get the Celtics a better deal or their own building. Hopefully in Boston.

I'm not certain, however, that Bezos or any other potential owner is going to want to live deep in luxury tax territory. If you're successful enough to buy the team you're smart enough to know paying out at that level is financially foolish. I think current or future ownership groups will want to shed some weighty contracts after this season.

Amazon Prime along with that season ticket?

dbrown4 wrote:Regarding the luxury taxes and our next owner, wealthy people are wealthy and stay wealthy for several reasons.  Throwing good money after bad they run from that like the plague.  If you throw good money away, God takes it from you at the very least.  Then the public quits footing the bills.  

Now, these "taxes" are self contained.  They get recycled back amongst the other teams.  Not saying I'm a fan of this but that's what happens in my limited understanding. 

I definitely wouldn't mind Bezos as owner so I can keep a better eye on him.  I own a miniscule portion of Amazon stock.  I also use the crap out of them ordering profusely at least a couple times a week.  And I ain't the only one.   But those shares are in my Roth IRA so I hope it continues to go through the roof!!  Uncle Sam can't touch that, neither on the ride up nor the $ coming out.  

db

NYCelt wrote:Celtic17,

There goes the new Amazon Arena.

Simmons will come up with something new soon, I’m sure.