A sale of the Boston Celtics is more likely 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 may very well be that we’re hitting a tipping level a bit,” one investor mentioned. “Most homeowners which were in for some time in any of the sports activities leagues are kind of asset wealthy and money poor. A lot of the long-term standing homeowners, I believe, in case you ask them, I believe of their wildest desires, they may by no means have imagined that these groups would grow to be these mini Disneys as I name them, or these phenomenal entities which have super financial capability.”
The Celtics would be the ninth NBA workforce to have its controlling possession change palms since 2019. Forbes values the Celtics at $6 billion, whereas Sportico offers the workforce 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 is going to go for $4.75 billion.
Wyc Grousbeck is the workforce’s lead governor, however he solely owns about two %. He and his father, Irv, personal roughly 30 % of the franchise.
“It’s a very difficult settlement,” mentioned one of many individuals briefed on the Celtics possession construction.
