Michael Holley: We Should’ve Seen The Sale of The Celtics Coming
On Tuesday’s edition of Toucher & Hardy (hosted by Michael Holley, Matt McCarthy, and Mike Lockhart), Michael Holley makes the case that fans should’ve seen this coming after the news broke yesterday that Celtics owner Wyc Grousbeck plans to sell the team.
“The Reason We Didn’t is Because We Think Like Fans…“
Matt McCarthy: Who saw this one coming?
Michael Holley: We should have. Right. We should have. Yeah, we should have seen it coming. The reason we didn’t, is because we think like fans. We don’t think like business people. Like, if you’re a fan, there’s never a good time for an owner like Wyc Grousbeck to sell his stake in the Celtics. It’s never a good time because you might say to yourself, well, why now? Why? Well, it’s not a good time in three years for you. It’s not a good time in five years, when you have an owner who knows the difference between Boston College and Boston University. An owner who knows how to pronounce Worcester and from Worcester. Local ownership is priceless. Local engaged ownership. So it’s never a good time for you as a fan for that person to move on. However, as a business person, just won a championship, just signed the best players to huge contracts. Everybody’s got a contract. General manager is stable, and the fan base is rabid. Put in $360,000,000 in 2002, and now it’s 2024. Pierce was low, I don’t care what Forbes says. Forbes can say $4.7 billion, $4.1 billion. No, it’s at least five billion, five and a half billion, maybe more because you’re the Celtics. So just kind of push it up a little bit. I think that that valuation, even for a franchise without a building, is low. So this is the perfect time for Wyc Grousbeck to sell. I hate to say it that way because this is painful.
Matt McCarthy: I don’t begrudge this in one bit.
Michael Holley: This is painful.
Matt McCarthy: I don’t begrudge him one bit for wanting to sell this team. With the way things are going in the NBA, the bill is about to come due. You know what I mean? Let’s be honest. They’re going to spend close to $1 billion in salaries here in coming years, and that’s just really in the next 2 to 3 years. Let’s see where it goes beyond that. So I don’t begrudge him one bit for selling. But Holley, I think you got to it. Yesterday was a bad day for the Celtics. If you’re a Celtics fan, yesterday was a really, really bad day because you said it. Local ownership is priceless. Local engaged ownership is priceless. Say what you will about any owner in sports. Isn’t Wyc kind of the model? Isn’t that exactly what you want? Somebody who never once over the course of the last 22 years, felt like he stopped trying to have his team win.