A sale of the Boston Celtics is prone to be accomplished early in 2025, in keeping with a supply. The Celtics had 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 might be that we’re hitting a tipping level a bit,” one investor mentioned. “Most homeowners which have been in for some time in any of the sports activities leagues are type of asset wealthy and money poor. Many of the long-term standing homeowners, I feel, if you happen to ask them, I feel of their wildest desires, they might by no means have imagined that these groups would change into these mini Disneys as I name them, or these phenomenal entities which have great financial capability.”
The Celtics would be the ninth NBA crew to have its controlling possession change arms since 2019. Forbes values the Celtics at $6 billion, whereas Sportico offers the crew a $5.12 billion valuation. One NBA proprietor believes the Celtics may promote for near $6 billion, whereas one sports activities banker predicted a $5.5 billion sale. The investor believes it’ll go for $4.75 billion.
Wyc Grousbeck is the crew’s lead governor, however he solely owns about two %. He and his father, Irv, personal roughly 30 % of the franchise.
“It’s a extremely sophisticated settlement,” mentioned one of many folks briefed on the Celtics possession construction.
