Part 3/8:
The Celtics are considered one of the most renowned franchises globally, and yet their valuation raises questions. If one were to rank the world’s top franchises, the Boston Celtics may not consistently make the top five, struggling for recognition alongside juggernauts like the New York Yankees or Dallas Cowboys.
Potential buyers, like Bill Chism, may not be straightforwardly paying $6 billion. Instead, they will be subject to an enterprise valuation that factors in equity and existing debt. For example, if the Celtics hold $500 million in debt, the valuation is adjusted down accordingly, highlighting the complexities involved beyond mere sale prices.