A sale of the Boston Celtics is more likely to be accomplished early in 2025, in accordance with a supply. The Celtics have been put up on the market in July and the method has ramped up in latest weeks.
Stephen Pagliuca is taken into account one of many frontrunners to buy the franchise. Pagliuca already owns 20 % of the Celtics.
“It may very well be that we’re hitting a tipping level a bit,” one investor stated. “Most house owners which were in for some time in any of the sports activities leagues are kind of asset wealthy and money poor. Many of the long-term standing house owners, I feel, in the event you ask them, I feel of their wildest desires, they might by no means have imagined that these groups would develop into these mini Disneys as I name them, or these phenomenal entities which have large financial capability.”
The Celtics would be the ninth NBA staff to have its controlling possession change arms since 2019. Forbes values the Celtics at $6 billion, whereas Sportico provides the staff a $5.12 billion valuation. One NBA proprietor believes the Celtics might promote for near $6 billion, whereas one sports activities banker predicted a $5.5 billion sale. The investor believes it should go for $4.75 billion.
Wyc Grousbeck is the staff’s lead governor, however he solely owns about two %. He and his father, Irv, personal roughly 30 % of the franchise.
“It’s a very sophisticated settlement,” stated one of many individuals briefed on the Celtics possession construction.
