Strange news surrounding the Boston Celtics has emerged since the Grousbeck family announced their intention to sell the team. Time, which comes after the record 18th name brought the beginning of great curiosity. Initially, family planning was proposed as a reason. Later, reports suggested a possible dispute between son and father over the rise of Shamrocks’ salary and future tax. Until now, the family had been quiet. So far, Wyc Grousbeck has revealed several details about the process.
It has been three months since it was sold. During that time, several big names have reportedly set their sights on a sale. But as far as the road goes, it is the only one “when you want to hit full speed”. Until now, the counselors have been busy organizing the money and preparing the handouts. Notably, the sale of the iconic franchise is set to be the most lucrative deal in NBA history with an estimated $6 billion.
But, the process is not easy. As a fan who pushed the Celtics to their long-awaited destination, Grousbeck wants to make sure his successor is someone who values ​​the franchise equally. The family takes it as “burden” finding the right customer for the team. In his interview with Adam Himmelsbach, Grousbeck also spoke about the alleged conflict he had with his father, Irving Grousbeck.
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Its foundation was linked to the Celtics’ ‘no holds barred’ effort to protect their shining centre. The impact will not be felt this season as the Grousbeck family remains in full control. However, from the next season, the new owners will have to pay more than 500 million dollars to keep the team strong, more than half of which comes from the tax payment of the owners.
Wyc Grousbeck neither admitted nor denied any violence. Instead, he chose not to say the news, stressing that their family will remain “connected” and the sales pitch came from an interview he gave to the Boston Globe.
Is Jeff Bezos the new owner of the Celtics?
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Given the huge payouts required to keep the Shamrocks’ exciting core together, little of what the new owner needs is an overburdened wallet. Thus, the name of Jeff Bezos, the Amazon multi-billionaire arose. The 60-year-old businessman, who has a net worth of 194 billion, has deep pockets to cover most of the expenses required by the franchise.
Moreover, he wished to have a game franchise for a very long time. He tried to catch the Washington Commanders while they were in the market. Therefore, the unity was in front of everyone’s eyes. However, at the same time, many conflicting reports emerged about his disinterest in buying the Celtics.
The latest update still has him among the group’s final three. Beside him are Bezos, Fenway Group Sports, and Wynn Resorts. However, the horizon is not limited to these three. JP Morgan and BDT & MSD banks, who will facilitate the transaction will also place the franchise on eligible customers to purchase the franchise according to the Boston Globe.
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So far in three months, important calculations and requirements have been put together. The bidding process will begin in the coming months according to Wyc Grousbeck. Every potential customer has one or the other plus. FSG has a history of managing sports teams. Bezos could give the team a new stadium, eliminating the huge amount of money dedicated to TD Garden. Encore Boston Harbor, a division of Wynn’s businesses, is the first building to receive a sports book license in Massachusetts, showing support from the city.
Although the deal is close, it seems that there is no interest in taking the Celtics just yet. Who do you want to be at the top of the legacy franchise? Let us know your preferences in the comments below.
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