Fenway Sports Group Not Bidding for Boston Celtics Sale

Fenway Sports Group (FSG), the owner of the Boston Red Sox and Pittsburgh Penguins, is reportedly not planning to bid on the Boston Celtics, contradicting earlier speculation. With the first round of bids due on January 23, current Celtics owner Wyc Grousbeck is expected to receive offers from four to five groups, including one led by co-owner Steve Pagliuca. FSG's CEO previously indicated that pursuing the Celtics was not on their radar, despite their interest in basketball investments. Meanwhile, LeBron James, a minority owner in FSG, has expressed interest in owning an NBA team but is focusing on potential expansion in Las Vegas rather than the Celtics. The expected sale price for the Celtics is anticipated to surpass $6 billion. The situation has created a buzz as several investors eye one of the NBA's most prestigious franchises.