Mike Vorkunov

the celtics are also an odd case right they don't own their own arena now real estate is a big proposition part of the value prop when you buy an nba team you want to own like essentially all of the revenue that comes with the team from tickets to gate to uh to media rights to all of it the other part it's a weird ownership structure like the grosbecks own 30 roughly according to my sources with grosbeck who's the controlling um owner right now owns about two percent his dad irv grosbeck who's uh

the celtics are also an odd case right they don't own their own arena now real estate is a big proposition part of the value prop when you buy an nba team you want to own like essentially all of the revenue that comes with the team from tickets to gate to uh to media rights to all of it the other part it's a weird ownership structure like the grosbecks own 30 roughly according to my sources with grosbeck who's the controlling um owner right now owns about two percent his dad irv grosbeck who's uh

You know, 90 and they said the part of his estate planning owns about 28 percent there. And you've got a bunch of minority owners who have to kind of be dragged along in case of a sale. So this is this is a weird one, right? It might not be the perfect test case to see where everything goes.

You know, 90 and they said the part of his estate planning owns about 28 percent there. And you've got a bunch of minority owners who have to kind of be dragged along in case of a sale. So this is this is a weird one, right? It might not be the perfect test case to see where everything goes.

You know, 90 and they said the part of his estate planning owns about 28 percent there. And you've got a bunch of minority owners who have to kind of be dragged along in case of a sale. So this is this is a weird one, right? It might not be the perfect test case to see where everything goes.

And if you talk to people who are interested in investing in NBA teams and sports teams altogether, they think prices are going to keep going up, but maybe not like hockey stick prices. Up and to the right as it's been, but just maybe like a little bit slower. And so if you see some slower growth, what does that mean? The new media rights deal should really help.

And if you talk to people who are interested in investing in NBA teams and sports teams altogether, they think prices are going to keep going up, but maybe not like hockey stick prices. Up and to the right as it's been, but just maybe like a little bit slower. And so if you see some slower growth, what does that mean? The new media rights deal should really help.

And if you talk to people who are interested in investing in NBA teams and sports teams altogether, they think prices are going to keep going up, but maybe not like hockey stick prices. Up and to the right as it's been, but just maybe like a little bit slower. And so if you see some slower growth, what does that mean? The new media rights deal should really help.

But I think that's been baked into prices the last few years. People have been expecting it. Although, from what I understand, if I think it came in a little bit higher than maybe, you know, some people are expecting it. And the big question, really, and this goes back to what we were talking about with the tax rates and how much you want to pay for this.

But I think that's been baked into prices the last few years. People have been expecting it. Although, from what I understand, if I think it came in a little bit higher than maybe, you know, some people are expecting it. And the big question, really, and this goes back to what we were talking about with the tax rates and how much you want to pay for this.

But I think that's been baked into prices the last few years. People have been expecting it. Although, from what I understand, if I think it came in a little bit higher than maybe, you know, some people are expecting it. And the big question, really, and this goes back to what we were talking about with the tax rates and how much you want to pay for this.

If you are paying for a team to be really good and you're paying a lot. Right. That means you're over the first April and you're over the second April. That's around generally the point where it's actually maybe not even profitable to own a team anymore. Again, if you're losing a few mil and the valuation of your team goes up by like three billion dollars over the course of your ownership.

If you are paying for a team to be really good and you're paying a lot. Right. That means you're over the first April and you're over the second April. That's around generally the point where it's actually maybe not even profitable to own a team anymore. Again, if you're losing a few mil and the valuation of your team goes up by like three billion dollars over the course of your ownership.

If you are paying for a team to be really good and you're paying a lot. Right. That means you're over the first April and you're over the second April. That's around generally the point where it's actually maybe not even profitable to own a team anymore. Again, if you're losing a few mil and the valuation of your team goes up by like three billion dollars over the course of your ownership.

you know, small potatoes type of thing. But to some people that matters, right? And it gets into what and how you want to run your team. The Celtics and the Grasbeck family and this entire investor group bought them for $360 million 22 years ago. They're going to make, I don't know, 15, 18 times that, right? When they eventually sell, depending on where this all lands.

you know, small potatoes type of thing. But to some people that matters, right? And it gets into what and how you want to run your team. The Celtics and the Grasbeck family and this entire investor group bought them for $360 million 22 years ago. They're going to make, I don't know, 15, 18 times that, right? When they eventually sell, depending on where this all lands.

you know, small potatoes type of thing. But to some people that matters, right? And it gets into what and how you want to run your team. The Celtics and the Grasbeck family and this entire investor group bought them for $360 million 22 years ago. They're going to make, I don't know, 15, 18 times that, right? When they eventually sell, depending on where this all lands.

But they also, you know, they're in that place where they're paying so much into the luxury tax where they might not be able to turn a profit year after year, year over year, just like when you're taking all that into consideration.

But they also, you know, they're in that place where they're paying so much into the luxury tax where they might not be able to turn a profit year after year, year over year, just like when you're taking all that into consideration.

But they also, you know, they're in that place where they're paying so much into the luxury tax where they might not be able to turn a profit year after year, year over year, just like when you're taking all that into consideration.