All summer season lengthy, there was hypothesis with who will purchase the Boston Celtics. As of at this time, it seems like we now know for positive that Fenway Sports activities Group is not going to be within the working.
In line with Dave Powell of the “Liverpool Echo,” LeBron James, John Henry, and Co. will likely be preserving their sights set on a brand new Las Vegas NBA enlargement franchise, relatively than the historic one in Boston.
“However through the summer season the Boston Celtics NBA crew, the present NBA champions no much less, have been put up on the market by Wyc Grousbeck, and given FSG’s robust ties to town, with its base being in Boston, there was a lot rumor and conjecture round a possible bid by the Reds’ house owners for the Celtics, with the New York Publish claiming that there was important curiosity.
Nonetheless, that curiosity had been dismissed by individuals the ECHO spoke to on the matter, with Celtics shareholder and present proprietor of Italian Serie A facet Atalanta, Stephen Pagliuca, being tipped because the particular person to make a play for management.”
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That is implausible information.
The Henry-led FSG had been a rumored suitor for the Celtics ever since information broke in June that the crew was up on the market. This in fact sparked angst amongst the Celtics trustworthy, as a result of first-hand expertise town has had with FSG’s possession of the Boston Red Sox.
Possession could make or break a franchise’s championship hopes. Within the case of the Sox, there’s a sense that the crew might’ve had extra success lately if possession hadn’t been so set on saving cash.
Franchise staples like Mookie Betts, Chris Sale, and Xander Bogaerts all wound up being let go in favor of preserving the checkbooks closed.
It’s robust to think about the Celtics coping with that very same remedy, as Wyc Grousbeck has basically completed the other. After already being over the CBA’s second-apron, Boston re-signed or prolonged nearly everybody from final season’s championship squad.
Within the 2025-26 season, the crew might resist $500 million in luxurious tax penalties, based on ESPN’s Bobby Marks. This doesn’t bode properly for making a revenue, which is reportedly one of many causes that Wyc’s father, Irv, has pushed for this sale.
The sale course of itself will likely be getting underway relatively quickly, per Grousbeck’s current chat with The Boston Globe’s Adam Himmelsbach.
“The sale course of is gearing up and about to hit full velocity,” Grousbeck informed Himmelsbach earlier this month. “It took this lengthy for our advisors to undergo the monetary and enterprise information of the crew and our entire administration crew, and spend sufficient time to place collectively providing books. Now they’re starting to have discussions with events and the bidding course of will start within the subsequent month or so.”
Grousbeck did point out the accountability of discovering a “nice purchaser” to tackle the crew.
