The Celtics are selling… why? | The Bill Simmons Podcast

The Ringer’s Bill Simmons reacts to Boston Celtics majority owner Wyc Grousbeck deciding to sell his share of the team.
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[@nicoalexander774]

Cmon Bill! Now’s your chance! Let’s go! ❤

[@JeewanthaBandara]

He's still waiting to be the Sports Czar for one day

[@KK-pm7ud]

But Bill would have to stop podcasting

[@David-iv6je]

He's evidently a good businessman: sell high. Never forget pro sports is a business.

[@ryu-ken]

Exactly. The bubble is gonna pop

[@misinfluence]

sports franchises do not depreciate

[@David-iv6je]

@@ryu-ken I doubt it, short of a global Depression. Which is a possibility, BTW. But given business as usual sports franchises do not depreciate, as another poster notes.

[@Christian-eq6pq]

@@David-iv6jeIt’s actually going to expand but you’re still going to be held for that roster and the penalties which Wyc paid for, for years. Everyone is scared of that apron. The profit margin could dwindle 2-3 years from now. It doesn’t mean he’ll lose money but this is where you can get the biggest bang for your buck. This is called cashing out.

[@michaelazzamclevelandrealt9573]

Yes, it’s funny how we lose perspective of that.

[@oppressioneditor9840]

I need to see bill simmons running an NBA team

[@MateMagyar88]

I wonder if he still wants that Timberwolves GM job. 😂

[@heisenberg2966]

He would have traded Jaylen Brown, if he was Owner then. He would still try to trade him, if he was Owner now.

[@nickmhc]

@@heisenberg2966he wanted to trade Jaylen for Scoot Henderson lol like if you got it right and traded for Brandon Miller then it might’ve worked out in the long run … but Jaylen Brown just hit his prime and was literally the reason they won the Finals because he was able to body up on Luka

[@samuelsellene]

@@nickmhcwish he replied to comments like these

[@nickmhc]

@@samuelsellene I’m still angry I was dumb enough to follow onto the idea because of the second apron concerns instead of using first principles thinking … I don’t know basketball and I trusted he did… he knows basketball history but anything Celtics related it’s like a doctor who’s too close to the patient imo

[@Anonymous-ju9bg]

Living away from Boston for 25 years has really taken away Bill’s finger on the pulse of the city. He’s talking about Kraft just starting to take heat from the fans in the last few months, when in reality it has been going on for the last four years.

[@CreedeProductions]

What Steve did with Atalanta in Serie A is nothing short of astonishing, definitely the best owner for the Celtics as of right now.

[@brunov.7411]

100% agree

[@marcostanzione5149]

The sport side of Atalanta is still managed by percassi family, the family that made Atalanta great.

[@billyringah]

Pagliuca almost bought Chelsea FC as well.

[@localzit1347]

He knows that apron tax is gonna be insane 😂

[@siniister710]

Exactly. Get the banner, resign the lads and dip before you gotta pay the tax 😂

[@him4882]

They take debt and use their business as collateral. NBA doesn’t want you to put up X percent and get a loan from a bank. Only few guys like balmer are or can get liquid 3-4 billion very quickly . Ishbia for example definitely has a big debt portion but his business is killing it so NBA doesn’t mind. The NBA also wants owners in fields that can directly benefit them too. It’s like starting a restaurant with a buddy who also is in the real estate space. He can provide value and also help you scale through his other expertise. Everything is calculated. NFL saw balmer and want Bezos now. 50+ billion net worth is a whole other different ball game/level of ally and partner. Balmer’s net worth is pretty much around what the entire nba would be worth if it went on sale today. Teams are going for about 10x revenue. NBA just did over 10 billion and balmer is worth 133 B. If I’m buying the Celtics, I want it for 5.7 and if im selling I want to get 6.1. As a seller I want 30% more than what the Mavs sold for because history, legacy and value to the league. The NBA is about to go to a different level the next 10 year. Don’t listen to the hype of rating dying. NBA and basketball is about to be the second biggest global sport after soccer. It’s a money printing business. Also why I think the NBA wants to weed out the Buss family. They’ve extended their stay. It’s time for real money to own a real team. This is the pride and backbone of the NBA. The lakers are the pinnacle franchise. They need a real, structured, and heavily backed ownership. Just look at Real Madrid. World class ownership does wonders.

[@chemicalhap]

Pags is most definitely going to be the next owner. The question is, will there be a new arena since the Bruins own TD. Pags is substantially richer than Wyc now.

[@destinywaitMW]

Pags is like x3-4 times richer then Wyc

[@samuelfrick3475]

I totally agree! One of the best owners in sports without question!

[@HKim0072]

It's why the NBA is allowing for private equity to get involved as minority owners. Need more bidders to pump up the valuations.

[@NizzyABI]

Imagine bill owning the Celtics😭

[@dpscribe]

Yes Bill is great an running these articles with trade scenarios, but will he put the work in learning managing the payroll of the team.

[@kam_12_]

@@dpscribeyou really think the billionaire owners do any of that themselves?😂😂 Bill is definitely well off.. but he doesn’t have owner money, he could probably become a small minority owner tho, im surprised him or his pops aren’t already tbh

[@KevinJL]

Russillo GM

[@Biz613]

Buy it Bill.

[@therealmvp1024]

Quite literally not possible for him to do

[@OMG-si3wn]

​@@therealmvp1024 his dad is a oil golgigarch

[@froglifechannel]

The Gaston era should be a warning to all, of how bad it can be. C's were adrift for a decade.

[@PatrickGlover-yl4bv]

The Reggie Lewis and Rick Pitino fiascos were a total disaster!

[@yasithkariyawasam82]

Bill needs to buy!

[@1OneLove222]

Bills got a huge soft spot for his dad and the Celtics man ..

[@MateMagyar88]

Clean Shaven Bill!

[@mshahnazi7636]

Since I have been a Celtics fan the worst owner of the team was John Y Brown which almost drove ‘Red’ Auerbach to the hated NY Knicks. Thankfully the late great Wil McDonough wrote an article in the Boston Globe which forced John Y Brown to sell the team to Harry Mangurian. The guy was absolutely clueless, and thank goodness ‘Red’ stayed with the Celtics. I agree with Bill for Pags to be the new number one owner.

[@eriknewton4656]

this news completely caught me off guard as a celtics fan

[@nickmhc]

And private equity might have already passed the top. So alternative investments like sports franchises might be at unsustainable valuations unless I’m missing something about the growth of the league.

[@him4882]

Yes you are. Exposure, connections, platform and global growth can’t be quantified rn. Just look what owning the Dallas Mavericks did for Mark Cuban. He turned himself into a brand by owning a cool, fun and youthful product. Now he’s going into the old money, and become a real estate / gambling tycoon.

[@nickmhc]

@@him4882 the billionaires who want that image can generate PR for themselves much cheaper imo on a cash flow or earnings basis I don’t see how sports franchises go much higher in the near future even given the amount of cash in circulation is likely never going away significantly… the money will flow back to stocks and eventually the tech sector again imo

[@jessedampolo]

We need you to buy Bill! Now that you’re doing video for every pod like JJ said you’ve got to be making billions.

[@loga6903]

His cheeks?? What's going on

[@Veyronp87]

the days of singular owners are coming to an end quickly. i think group ownership is the norm, the values are too high.

[@MateMagyar88]

“Kyle, turn the TikTok camera on!”

[@fkm512]

how are the celts a home grown roster when White, Porzingis and Jrue were all obtained from trades

[@NousagiBrat]

This year, sure. Last few years though? Jt, jb, sam, pritchard, grant, rob, marcus, walsh. Al technically isnt, but he's been with the team for long.

[@SuperDunk1000]

Their 2 headed beast is home grown. That’s enough for me

[@untexan]

8:20 Cuban does not like to be the center of attention at trophy ceremonies anyway. When the Mavs won in 2011 he got the original owners of the team up there and had David Stern give them the trophy instead.

[@OMG-si3wn]

😂😂😂 pretty sure he likes the attention

[@jackrabbit2765]

Why, because the media hype about dynasty, if I was the owner I tried to sell now too.

[@billyringah]

I wonder if the Bruins Owners try to buy the shares.

[@dgomin6777]

5 Billion for the Celtics. Bill is high af!

[@kicka11]

No one thinks bad of Kraft. Come on Bill.

[@sandeeparatna]

Totally unrelated ; Would Jerry Buss would've ever sold the Lakers?

[@jmegs1810]

owner. not governor

[@SuperDunk1000]

Trigger warning!!!!

[@DrewfulGoBirds]

it’d be a real shame if Josh Harris got any ideas about selling the sixers… 😅

[@justinbrennan9819]

Salaries are getting out of control!!

[@HKim0072]

You realize that players get a set percentage of revenue right? Basically, the owners get 50% and the players get 50% of BRI (basketball related income).

[@kam_12_]

because they keep making more money🔥🔥 more revenue = bigger contracts..they players only get like 51%

[@rodolfoferreiramaritan4191]

Cmon bill, it's time

[@matthewmcleod3681]

So the new owner has to pay Jayson Tatum 60 million a year. Yikes!

[@HKashaf]

One of your team owners wants to sell right after winning a championship and you want to call it good business? The only reason he wants out is because he knows it will never be worth this much ever again!

[@mokmnknknjokk]

@hkashaf can't tell if your comment is sarcasm but "The only reason he wants out is because he knows it will never be worth this much ever again!" is quite literally the definition of a good business move.....

[@HKashaf]

@@mokmnknknjokk don’t you think it would be worth more if Celtics won a couple more titles in the next 5 years? If yes, then why are they selling?

[@kevinwoods9274]

If I had a team I would hire Bill as my GM - I promise

[@cameronielsen]

The market is about to crash. Sell high.

[@larrygerry985]

He wants to make money?

[@jvwilli7]

Ha ha ha ha. Jesus. The league is melting in front of our eyes…

[@Hibbs4Prez]

You are bad at math.

[@brandonwhite4992]

The only way it is melting is because it is on fire because the valuations keep going up and with a new rights deal the league is likely going to get bigger..

[@Angus-Johnson-8334]

Jesus is King. Today is the day of salvation. Jesus is The Way,The Truth,and The Life. No one can come to the Father except through him.

[@connorhendrickson]

Buying championship 😴 its the easiest way to make sports less interesting.

[@bagbroch9339]

Calling a billionaire a pet name like “pags” is gross. Get off the nuts. Being that rich is evil.

[@jakenail99]

It certainly rolls off the tongue better than Pagluicia. Relax. It ain't that deep. From all we see he looks to be agreat guy and would be a great owner

[@anthonymaslow798]

You're on KZbin. Lol. These people are too dumb to understand what you're saying (you're right, by the way, billionaires are pure evil).

[@SuperDunk1000]

Someone’s jealous lol

[@svnemgmt8919]

First

[@exilhamburger4802]

Just for a moment, imagine some billionaire from out of town buying the team with the spectre of the Celtics leaving Boston hanging over the head of Bill Simmons...

[@MrCovert23]

I can’t wait till the Saudis buy an NBA franchise

[@tombrokow8181]

Bill you could do it. Take your portfolio out. Better than fake Bitcoin.

[@conyeezy8027]

Keep John Henry away!!!

[@Weaponator18]

Even though John Henry has been a great owner over the balance of his time; i totally agree. Unless he cares about winning again, stay away

[@conyeezy8027]

@@Weaponator18 Great owner 15 years ago. He's running the red Sox like the Detroit Pistons now days. I don't want any non Celtics fan running the team. Henry would trade Tatum and Brown for Jordan Poole and Kyle Kuzma.

[@Toneloc1818]

Jeanie Buss.... are you paying attention? Sell the lakers. You're a horrible owner....Governor of of the lakers.

[@KK-pm7ud]

She's not a horrible owner

[@SuperDunk1000]

@@KK-pm7ud She lets her players run the team lol

[@KK-pm7ud]

@@SuperDunk1000 Only Legends.

[@joefried6604]

Who cares

[@tinobrown1780]

Elon Musk is gonna buy the team.

[@ryankayombya7576]

So this nepotism no one cares about....

[@justinbrennan9819]

Elon Musk buy the Celtics!!!!

[@SuperDunk1000]

I’d be a happy boy