The NBA Teams Are Tussling With The Current Economic Crisis In What Is Thought To Be A Terrible Time For Investment Into The Sports Market Containing A Look At The Boston Celtics
The NBA All-Star game was a welcome break for some players in the NBA as crunch time is upon us in the regular season. Franchises are playing it out to win a playoff place and to clutch onto their chances of winning the Larry O’Brien NBA Championship Trophy. As the franchises battle it out on court a number of the Franchises have a struggle off the court, with the economy as it is, and the players contracts ever rising some of the Franchises are finding it hard to survive in the current climate. In this article we will look at the Boston Celtics, a franchise with a rich history and massive fan base. Most of the current Franchises are commodities of massive investment when the Franchise For Sale option was available to prospective backers. This is becoming more rare in the current climate as Franchise For Sale options are increasingly hard to find especially in the sports market. Many investors are hanging onto their investments during this period and hoping for an upturn in the market. Through this time investors will be treating their Franchises as a Home Based Franchise, which means that they are reigning all their spending in and only spending the bare minimum. A Home Based Franchise prides itself on not having a great deal of outlay and therefore increasing the Franchises possibilities of earning a profit. The current Franchises of the NBA are taking this lin, as they don’t want a Franchise For Sale sign outside their door. Through a number of the Franchises history there has been major turning points in ownership and financial restructuring as the Boston Celtics story will tell you.
The Boston Celtics were a charter member of the Basketball Association of America (which evolved into the NBA), Boston flies more title banners from the beams of its home stadium than any other Home Based Franchise.
16 NBA Championships – a record 8 consecutive from 1959-1966 – Three separate Championship eras. When it comes to hanging Championship Banners, the Celtics are the best. No franchise has won more titles than the 16-time World Champion Boston Celtics. Whether it’s the Green’s first title in 1957, their 12th in 1974 or the 16th in 1986 the Celtics belief of winning championships has lasted over time.
The long line of legends begun when original owner Walter Brown hired Red Auerbach to manage the Celtics in 1950. Coach Auerbach begun assembling a championship calibre squad adding Bob Cousy, Bill Russell, Tommy Heinsohn and later John Havlicek, to name a few. As coach of the Celtics, Auerbach went on to gain a record 9 NBA Championships, including a record 8 consecutive from 1959-1966.
After moving exclusively to the front office in 1966, Auerbach handed the training reigns over to Russell then Heinsohn, who each gained two championships at the helm, while Auerbach restructured the squad. In assembling the Celtics second championship series Auerbach added legends such as Dave Cowens and JoJo White.
Behind a few down years in the late 70′s, Auerbach restocked the Boston Celtics with a collection of legends for the third time. He gathered what is thought by many to be the supreme frontline of all-time when he drafted Larry Bird in 1978, and in 1980 traded for Robert Parish and drafted Kevin McHale. This central collection of Hall-of-Famers went on to win three more championships in the 1980′s.
When the NBA celebrated its 50th anniversary by presenting the 50 Greatest Players in NBA history, in 1996-97, 13 were previous members of the Boston Celtics. The 13 combined for 42 NBA Championships with the Celtics, 10 MVP awards, three Finals MVP awards and three Rookie of the Year awards, proving the Boston Celtics to be one of the most legendary Franchises in all of sports.
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