(as always, open to a title change)
With Yabu's option picked up, and Mook looking like a 6th man candidate, there's a good chance the Celtics will be paying the tax for a long time, and likely the repeater tax. If the AD dream ever happens, that will be a huge bump as well, since you'd likely be replacing a future Jaylen max, at ~$30M, with AD's max, which would be closer to $40M.
Say that you're Wyc, and you have a team whose valuation is skyrocketing, but whose cash flows lag. What are your options for actually paying the tax year-to-year? $100M+ bills are substantial for low B billionaires, given that most assets aren't generally held in cash. Are there PE-type firms that will bridge that gap? Are there analogous transactions in other industries?
It's not my money, but it's still going to matter soon for my viewing experience.
With Yabu's option picked up, and Mook looking like a 6th man candidate, there's a good chance the Celtics will be paying the tax for a long time, and likely the repeater tax. If the AD dream ever happens, that will be a huge bump as well, since you'd likely be replacing a future Jaylen max, at ~$30M, with AD's max, which would be closer to $40M.
Say that you're Wyc, and you have a team whose valuation is skyrocketing, but whose cash flows lag. What are your options for actually paying the tax year-to-year? $100M+ bills are substantial for low B billionaires, given that most assets aren't generally held in cash. Are there PE-type firms that will bridge that gap? Are there analogous transactions in other industries?
It's not my money, but it's still going to matter soon for my viewing experience.