Bidders for the Boston Celtics have until the end of the week to submit their revised offers. A handful of groups have been engaged in the process so far, and there could be as many as four bids submitted by the end of the week.
Minority partner Steve Pagliuca will be amongst the bidders. A handful of groups have been engaged in the process so far, and there could be as many as four bids submitted by the end of the week.
Wyc Grousbeck has said his family intends to sell the Celtics in two stages—51% now, and the rest in 2028 with him remaining in control until the second transaction closes.
Sportico values the Celtics at $5.66 billion. Any number close to that would be the highest price ever paid for control of an NBA team. The Celtics, however, do not own their arena as they are a tenant at TD Garden.
