Is this Selling at the Top of the Market?

Is this sports team being sold at the top of the market?

  • Yes

    Votes: 4 80.0%

  • No

    Votes: 1 20.0%
  • Total voters
    5
I would say no since there seems to be no end to the ever rising sports team valuations. The Bread & Circuses culture continues.
 
nitrene said:
I would say no since there seems to be no end to the ever rising sports team valuations. The Bread & Circuses culture continues.
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Seems like there is just risk free money to be made every where.....

Who would have thought 3 or 4 decades ago teams would be selling for billions....

All those tapped out consumers still find money to buy massively expense seats to these games and buy 15 dollar bud lights and 12 dollar pretzels.....
 
Grousbeck and partner Steve Pagliuca led a group that purchased the team in 2002 for $360 million. Since then, franchise valuations have skyrocketed, with the latest teams to sell controlling shares being the Phoenix Suns, which went for $4 billion to Mat Ishbia in February 2023, the Milwaukee Bucks, with Jimmy and Dee Haslam paying $3.5 billion several weeks later, and the Dallas Mavericks, with the Adelson and Dumont families paying $3.5 billion in December.
 
And let's not forget how much they get to throw a ball around......

$314 million dollars for 5 yrs.....

These contracts just keep getting more ridiculous each and every time....and I will say the fed has contributed greatly to these ludacris contracts and values of teams and its players. The trillions of free dollars they give out is the reason these teams are selling for billions and why these players get hundreds of millions of dollars.




Sources told ESPN's Adrian Wojnarowski on Monday that Boston has agreed to a four-year, $125.9 million extension with Derrick White. The Celtics also agreed to sign Jayson Tatum to a five-year, $314 million extension -- the largest contract in NBA history -- as they continue to lock in the core of a team that won 64 games and finished with a 16-3 record in the playoffs. That is the second-best winning percentage in NBA postseason history since the playoffs expanded t
 
zdreg said:
https://www.cnbc.com/2024/07/01/boston-celtics-for-sale-after-nba-championship.html
You are the champs. People are excited by you winning the title. What could be be a better time than now to make an exit?
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US Sports Teams have been such moneymakers, ;
answer to yesterdays question , not likely the top @ all.
BUT I dont keep up with Boston taxes, Boston market\LOL.
2 ] NOR could we assume a luxury market like sports will do well;
just because Boston's mutual fund industry does well/ does not men a luxury sports team would do as well. LOL:D:D
 
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