Bloomberg Intelligence
Bill Chisholm Group Reaches $6.1 Billion Deal to Buy Boston Celtics
Mar 20, 2025
In this discussion, Craig Trudell, Bloomberg's Global Autos Editor, delves into the recent Tesla Cybertruck recall, shedding light on the safety concerns facing the brand. He examines Tesla's fluctuating reputation and how competition, particularly from China's electric vehicle market, is shaping the industry's landscape. The conversation also touches on Tesla's ongoing adaptations, including potential design updates and AI integrations to enhance vehicle quality and consumer trust.
18:46
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Quick takeaways
- The Boston Celtics' $6.1 billion sale reflects a record valuation in sports, highlighting the increasing financial significance of franchise ownership amid fluctuating profitability concerns.
- Tesla is facing quality control challenges with recalls like the Cybertruck while competitors, notably from China, are emerging as strong contenders in the evolving EV market.
Deep dives
Boston Celtics' Record Valuation
The Boston Celtics have been sold for a record $6.1 billion, a historic figure that surpasses previous sales in the sports franchise market, particularly in the NBA. The deal represents a significant increase in franchise valuation, set to rise to $7 billion in three years as part of a two-tranche sale. This sale emphasizes the growing worth of sports teams, reinforced by lucrative media deals with networks like Turner and ESPN, increasing the value of the NBA brand. Despite the high price, concerns remain regarding the Celtics’ profitability, as the team is projected to lose approximately $70 million this year.
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