Wednesday, January 21, 2015

Celtics Worth $1.7 Billion

Photo: Getty Images

As it stands, despite the 13-26 current record of the Boston Celtics, they are worth way more than most would have ever guessed.

According to Forbes the C's are estimated to be valued at $1.7 billion dollars, which is good for fourth as far as top valuable franchises in the NBA. An increase of 94-percent from last year, and a little more than the recently purchased Los Angeles Clippers, and their $2 billion dollar price tag (valued at only $1.6 billion).

New owner Steve Ballmer and his league-record purchase is one reason that the value of NBA teams is at an all-time high. The Forbes' report also states that the value of all 30 teams had gone up 72-percent in the last year, the largest gain since 1998.

Another reason for the rise in stock sort of speak, is of course the new TV deal with ESPN and Turner Networks the league announced in October worth about $2.66 billion a year. An increase of 186-percent ($930 million per year) from the current deal that is set to expire after next season. There will be more money to go around for years to come.

The Celtics in the meantime, and their owners Wyc Grousbeck and Steve Pagliuca have definitely made a profit when they bought the team for $360 million back in 2002. Despite the current deep rebuilding facelift of the C's, don't believe the rumors of ownership looking to sell anytime soon. At least there's a bright side to last and this season's woes. 

Here is a look at the rest of the Top-10 most valuable NBA teams:

NBA Franchise Values 

Joel Pavón
Follow us on Twitter:@CausewayStreet 

No comments:

Post a Comment