Kyle Hagee

Now, in the background, the valuation of sports franchises have been skyrocketing amidst a general rule change most leagues have adopted, allowing private equity firms to take stakes in teams and making it harder for a single individual or a family to own a team outright. Now, who was selling the team? Well, the Celtics majority owner was Wick Grosbeck.

Now, in the background, the valuation of sports franchises have been skyrocketing amidst a general rule change most leagues have adopted, allowing private equity firms to take stakes in teams and making it harder for a single individual or a family to own a team outright. Now, who was selling the team? Well, the Celtics majority owner was Wick Grosbeck.

Now, in the background, the valuation of sports franchises have been skyrocketing amidst a general rule change most leagues have adopted, allowing private equity firms to take stakes in teams and making it harder for a single individual or a family to own a team outright. Now, who was selling the team? Well, the Celtics majority owner was Wick Grosbeck.

A group led by Grosbeck bought the Celtics in 2002 for $360 million. And if you felt bad for Wick for only making a 20X investment here, don't worry. Hopefully the two championships the Celtics won during his tenure will help him sleep at night. Final note, the deal still needs approval from the NBA's Board of Governors, and so it should take a few months to officially close.

A group led by Grosbeck bought the Celtics in 2002 for $360 million. And if you felt bad for Wick for only making a 20X investment here, don't worry. Hopefully the two championships the Celtics won during his tenure will help him sleep at night. Final note, the deal still needs approval from the NBA's Board of Governors, and so it should take a few months to officially close.

A group led by Grosbeck bought the Celtics in 2002 for $360 million. And if you felt bad for Wick for only making a 20X investment here, don't worry. Hopefully the two championships the Celtics won during his tenure will help him sleep at night. Final note, the deal still needs approval from the NBA's Board of Governors, and so it should take a few months to officially close.

Neil, when is Morning Brew going to buy a franchise? We've got to get in the mix here.

Neil, when is Morning Brew going to buy a franchise? We've got to get in the mix here.

Neil, when is Morning Brew going to buy a franchise? We've got to get in the mix here.

Yes, that is a really interesting angle. And because of these increased valuations, the fee that would be dispersed to all the teams for allowing another team to enter the league would increase. And just the competition for buying a franchise is really, really heating up. Steve Pegliacua, who's a minority owner of the Celtics or was. actually put together a group to try to buy it.

Yes, that is a really interesting angle. And because of these increased valuations, the fee that would be dispersed to all the teams for allowing another team to enter the league would increase. And just the competition for buying a franchise is really, really heating up. Steve Pegliacua, who's a minority owner of the Celtics or was. actually put together a group to try to buy it.

Yes, that is a really interesting angle. And because of these increased valuations, the fee that would be dispersed to all the teams for allowing another team to enter the league would increase. And just the competition for buying a franchise is really, really heating up. Steve Pegliacua, who's a minority owner of the Celtics or was. actually put together a group to try to buy it.

He was like, we got the best people. We have the best technology. We would not have any debt financing. And he was rejected for another offer. So people really want to buy franchises. They're the things that even sometimes a billionaire can't buy outright. There's also a sports angle here, which is the team is quite good.

He was like, we got the best people. We have the best technology. We would not have any debt financing. And he was rejected for another offer. So people really want to buy franchises. They're the things that even sometimes a billionaire can't buy outright. There's also a sports angle here, which is the team is quite good.

He was like, we got the best people. We have the best technology. We would not have any debt financing. And he was rejected for another offer. So people really want to buy franchises. They're the things that even sometimes a billionaire can't buy outright. There's also a sports angle here, which is the team is quite good.

And their roster is very expensive, and so they're getting into luxury tax bill territory. And so it's still unclear just how much this new ownership group will be willing to put money into it or pay these luxury taxes. Although he did say, quote, I bleed green, I love the Celtics, and it's all about winning. So we'll see if Bill is ready to foot the bill.

And their roster is very expensive, and so they're getting into luxury tax bill territory. And so it's still unclear just how much this new ownership group will be willing to put money into it or pay these luxury taxes. Although he did say, quote, I bleed green, I love the Celtics, and it's all about winning. So we'll see if Bill is ready to foot the bill.

And their roster is very expensive, and so they're getting into luxury tax bill territory. And so it's still unclear just how much this new ownership group will be willing to put money into it or pay these luxury taxes. Although he did say, quote, I bleed green, I love the Celtics, and it's all about winning. So we'll see if Bill is ready to foot the bill.

Yeah. Something to watch going forward. Let's move on to our next story. The new Disney remake of Snow White comes out today and it's, So here's the details, Neil. First, just some bad luck. COVID cases flare up in London just as production gets underway, forcing Disney to increase safety protocols, which starts to bloat the budget. Then one of the sets catches fire and has to be redone.

Yeah. Something to watch going forward. Let's move on to our next story. The new Disney remake of Snow White comes out today and it's, So here's the details, Neil. First, just some bad luck. COVID cases flare up in London just as production gets underway, forcing Disney to increase safety protocols, which starts to bloat the budget. Then one of the sets catches fire and has to be redone.