Boston Celtics Sale Draws Major Bidders

The Boston Celtics, a prominent NBA franchise, are up for sale with an expected valuation exceeding $6 billion, marking a significant increase from the $360 million purchase price in 2002. Current owner Wyc Grousbeck plans to sell his majority stake, with the first round of bids closing on January 23, 2025. Among the potential bidders is Fenway Sports Group, which also owns Liverpool FC, the Boston Red Sox, and the Pittsburgh Penguins. The NBA is intrigued by this sale, viewing it as a potential benchmark for future franchise expansions. Grousbeck intends to remain involved until 2028, when the remaining 49% stake is scheduled to be sold. This sale follows the Celtics' recent championship win, and the team, currently second in the Eastern Conference, faces challenges amid this transition.