A sale of the Boston Celtics is more likely to be accomplished early in 2025, in response to 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 might be that we’re hitting a tipping level a bit,” one investor mentioned. “Most house owners which were in for some time in any of the sports activities leagues are form of asset wealthy and money poor. A lot of the long-term standing house owners, 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 large financial capability.”
The Celtics would be the ninth NBA crew to have its controlling possession change palms since 2019. Forbes values the Celtics at $6 billion, whereas Sportico provides 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 is going to 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 difficult settlement,” mentioned one of many individuals briefed on the Celtics possession construction.
