Justin Tasch
Jeff Bezos is interested in buying the Boston Celtics as the NBA eyes a $6 billion valuation for the franchise. This news comes after Bezos’ unsuccessful attempt to purchase the Washington Commanders. Bill Simmons discussed the potential sale on his podcast, indicating that the Celtics could attract big-name buyers like Bezos.
Key takeaways:
- Jeff Bezos is eyeing the Boston Celtics.
- The NBA seeks $6 billion for the franchise.
- The Grousbeck family plans to sell the team.
- Expansion teams in Seattle and Vegas are in consideration.
Jeff Bezos’ Interest in the Boston Celtics Amid NBA’s $6 Billion Valuation
On August 19, 2024, it was revealed that Jeff Bezos is looking to buy the Boston Celtics. This comes after his failed bid for the Washington Commanders. Bill Simmons mentioned on his podcast that the Grousbeck family is considering selling the team, especially after their recent NBA championship win. The Celtics are one of the league’s premier franchises, making them an attractive investment for Bezos.
NBA Expansion Plans and Celtics’ Valuation
The NBA is targeting a valuation of $6 billion for the Boston Celtics. This high price tag aligns with the league’s plans for expansion teams in cities like Seattle and Las Vegas. Bill Simmons noted that the league hopes to set a precedent for future franchise sales, which could lead to substantial payouts for all NBA owners.
Current Ownership Plans for the Celtics
The Grousbeck family has announced their intention to sell the Celtics for estate planning reasons. They plan to sell 51% of the team soon, with the remaining 49% to be sold by 2028. Wyc Grousbeck, the team’s governor, aims to stay involved until the full sale is complete.
- 51% of the team to be sold soon.
- Remaining 49% expected to close by 2028.
- Current ownership is preparing for a bidding process.
- Minority owner Steve Pagliuca is also interested in majority ownership.
