How Much Is a Championship Worth? Forbes Tells Us...
by Roy_Hobbs on Dec 4, 2008 5:14 PM EST
in Boston Celtics News & Links
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PrintForbes released its annual list of the most valuable sports franchises today, and found that the Celtics' championship paid off in a big way:
The Celtics' NBA-record, 42-win regular season improvement and NBA title boasted the value of the franchise 14% to $447 million, ninth highest in the league.
Last year, the Celtics were valued at $391 million, a change of $56 million. The Celtics had total revenue of $149 million, and "income" (really EBITDA, earnings before interest, taxes, depreciation and amortization) of $20.1 million.
Also, Forbes named Wyc Grousbeck the 6th best owner in the NBA. During his tenure, Wyc has overseen the Celtics grow 54.1% in value (8th in the NBA) and 53.6% in revenue (4th in the NBA), and earn $113 million in operating profits (6th in the NBA), despite not owning the Garden. I guess the owners' investment was worth it, huh?
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Not a great fact....
is that the Celtics are one of the more highly levered teams in the league (40% debt to value, 9th highest). A drop in revenues could cause Wyc et al to slam the old checkbook closed.
When Perk was asked what he thought of Howard winning the gold medal this summer, he responded: "What’s his impression of me after I won a ring?"
I'm thinking
How miserable were those freakin’ Gaston years?
by The Real Large James 2 on Dec 4, 2008 7:43 PM EST reply actions
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