Skip to content
967sports

967sports

"Where Every Play Sparks an Epic Sports Story"

Primary Menu
  • Home
  • Football
  • Hockey
  • Basketball
  • NBA
  • NHL
  • NRL
  • sport cars
  • MLB
Live
  • Home
  • 2024
  • July
  • 6
  • Breaking news: Fenway Sports Group Confirms Pursuit of Celtics Acquisition
  • NBA

Breaking news: Fenway Sports Group Confirms Pursuit of Celtics Acquisition

Tee Blaze July 6, 2024

Share this:

  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
01j22pqgcsyk2xdd4avs

The surprising announcement that the Celtics are up for sale came two weeks after the team secured Banner 18.

Boston Basketball Partners L.L.C., the team’s ownership group, plans to sell all its shares in the Celtics.

In a press release, the ownership group announced, “The managing board plans to sell a majority stake in 2024 or early 2025, with the remaining shares to be sold by 2028. They also expect Wyc Grousbeck to continue as the team’s Governor until the final sale in 2028.”

Steve Pagliuca recently commented, “Being a co-investor and Managing Partner of the Celtics has been an honor and a labor of love. I hope to remain involved with the Celtics and will proudly participate in the bidding process.”

Oct 25, 2019; Boston, MA, USA; Boston Celtics owner and governor Wyc Grousbeck sits with Boston Red Sox principal owner John Henry during the first half in a game against the Toronto Raptors at TD Garden. Mandatory Credit: Bob DeChiara-USA TODAY Sports

 

Fenway Sports Group, which owns the Boston Red Sox, Liverpool FC, and the Pittsburgh Penguins, is rumored to be interested in acquiring an NBA team. As the Celtics are projected to field one of the most expensive rosters in NBA history by the 2025-26 season, potentially costing around $450 million in payroll and tax penalties, Fenway Sports Group released the following statement, as reported by Jen McCaffrey of The Athletic:

“We greatly admire and respect the Celtics organization, its players, and its amazing fans, but we have no comment on the upcoming bidding process.”

Oct 25, 2019; Boston, MA, USA; Boston Celtics owner and governor Wyc Grousbeck sits with Boston Red Sox principal owner John Henry during the first half in a game against the Toronto Raptors at TD Garden. Mandatory Credit: Bob DeChiara-USA TODAY Sports

 

Fenway Sports Group is ranked third on Forbes’ list of the world’s most valuable sports empires in 2024, with a valuation of $12.95 billion.

According to Forbes, the Celtics are valued at approximately $4.7 billion.

Like this:

Like Loading...

Related

Continue Reading

Previous: Breaking News: Wake Forest Secures Long-Term Contract Extension
Next: Aaron Boone Texts Red Sox’s Alex Cora: “Don’t Give Me That One”

Related Stories

01jt910t7fkq8kqv2pmj
  • NBA

“Tyrese Haliburton Breaks Silence on Father’s Ban from Pacers Playoffs”

967sportsof May 3, 2025
Jrue Holiday
  • NBA

Celtics Could Be Short-Handed for Game 3 in Orlando as Injuries Mount

Benjamin Sue April 25, 2025
Al Horford #42 of the Boston Celtics
  • NBA

Boston’s 38-Year-Old Standout Reveals Where He Stands on Retirement

Benjamin Sue April 8, 2025

You may have missed

IMG_1392
  • MLB
  • St. Louis Cardinals

Willeman Picked Up by Reds After Strong Start to Season in Sioux City

Kelly June 27, 2025
IMG_1391
  • MLB
  • St. Louis Cardinals

Cardinals Receive Timely Boost as Promising Young Outfielder Returns from Appendicitis Setback to Fuel Momentum in Tight NL Wild Card Race

Kelly June 27, 2025
IMG_1389
  • MLB
  • New York Yankees

MLB Fans Choose Aaron Judge and Shohei Ohtani as Top Vote-Getters to Headline 2025 All-Star Game Starting Lineups at Atlanta’s Truist Park

Kelly June 27, 2025
IMG_0990
  • Baseball
  • MLB
  • New York Yankees

MAJOR BOOST: Yankees Secure Big-Time Power Upgrade at Third Base Ahead of Playoff Push — Key Trade Reshapes Infield and Boosts October Hopes

Kelly June 18, 2025

Categories

  • A-League (1)
  • AFL (546)
  • AFLW (2)
  • Alexander zverev (4)
  • Aston Martin (2)
  • Astrit Selmani (1)
  • Baseball (662)
  • Basketball (379)
  • BOXING (3)
  • Canadian Premier League (3)
  • CFL (57)
  • Chicago Blackhawks (1)
  • Cincinnati Reds (5)
  • CRICKET (37)
  • CYCLING (2)
  • darts championship (9)
    • Mercedes-Benz (7)
  • Dinamo București (1)
  • Dog Show (1)
  • Edmonton Oilers (1)
  • Football (89)
    • Bundesliga (2)
    • Champion League (1)
    • Championship (1)
    • La Liga (3)
    • Premier League (39)
  • Formula 1 (67)
  • formula1 (154)
  • golf (9)
  • Hockey (259)
  • huskies (1)
  • Kansas State Wildcats (1)
  • manchester united (2)
  • Michigan (1)
  • michigan wolverines (8)
  • MLB (1,102)
  • MLS (126)
  • MMA (2)
  • MotoGP (2)
  • National football league (2)
  • National League (1)
  • NBA (372)
  • NCAA (1,544)
  • NCAA BASKETBALL (11)
  • NCCA (35)
  • New England Patriots (8)
  • New York Yankees (7)
  • NFL (3,017)
  • NHL (247)
  • Novak Djokovic (1)
  • NRL (362)
  • olympic (1)
  • OLYMPICS (1)
  • Oregon Ducks (1)
  • pool (1)
  • Rugby (96)
  • Samu Aghehowa (1)
  • Serie a (6)
  • Snooker (1)
  • Soccer (80)
  • sport cars (2)
  • St. Louis Cardinals (9)
  • Tadej Pogačar (1)
  • Tennis (118)
  • Texas rangers (1)
  • Transfer News (16)
  • UFC (2)
  • UFL (5)
  • USWNT (1)
  • VolleyBall (1)
  • WNBA (5)
  • Wrestling (4)

Tags

AFL Atlanta Braves Atlanta Falcons Auburn Tigers Boston Celtics Boston Red Sox Buffalo Bills Carolina Panthers Chicago Bears Cincinnati reds Cleveland Browns Cleveland Guardians Denver Broncos Detroit Lions Edmonton Oilers Essendon Bombers Formula 1 Green Bay Packers Indianapolis Colts Kansas City Chiefs Las Vegas Raiders Max Verstappen Miami Dolphins Michigan Wolverine michigan wolverines Minnesota Vikings MLB MLS NBA NCAA New England Patriots New York Giants New York Jets New York Knicks NFL NHL NRL Ohio State Buckeyes Philadelphia Eagles Philadelphia Phillies Pittsburgh Penguins Pittsburgh Steelers Seattle Seahawks Sydney Roosters Tennis
  • Home
  • Football
  • Hockey
  • Basketball
  • NBA
  • NHL
  • NRL
  • sport cars
  • MLB
  • Home
  • Football
  • Hockey
  • Basketball
  • NBA
  • NHL
  • NRL
  • sport cars
  • MLB
Copyright © All rights reserved. | MoreNews by AF themes.
%d