JOURNAL ARTICLE

Boston Celtics to Be Put Up for Sale After Winning NBA Title.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Williams, Randall 3 of 3

Abstract

The Boston Celtics, the current NBA champions, have announced that they will be put up for sale by their ownership group, Boston Basketball Partners LLC. The owners plan to sell a majority interest in the franchise this year or early in 2025, with the remainder closing in 2028. The sale comes at a time of increasing valuations for professional sports teams, with several NBA franchises changing hands for $3 billion or more in the past year. The Celtics, valued at $5.1 billion, have a successful history and a strong roster of young stars. The sale coincides with the NBA's negotiations for a $76 billion media deal and potential expansion of the league. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/07, pN.PAG
  • Document Type:Article
  • Subject Area:Sports and Leisure
  • Publication Date:2024
  • Accession Number:178213666
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