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Celtics Expected To Sell For More Than $6 Billion

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The Boston Celtics are expected to sell at a valuation over $6 billion, sources tell Shams Charania. The Grousbeck family announced they were selling their controlling ownership stake in the franchise in July. While the process has taken longer to develop than initially estimated, there are an expected four-to-five bidders. The Celtics were purchased in 2002 by a group led by … [Read more...] about Celtics Expected To Sell For More Than $6 Billion

Celtics Expect At Least Four Bids In Sale Of Team

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The Boston Celtics sale process is moving as expected. The first round of bids is due on January 23. The team expects at least four, and possibly five, bids from prospective ownership groups. The NBA has already vetted all potential bidders. One of those bids is a group led by current co-owner Steve Pagliuca. That group has been clear in their intent to take controlling … [Read more...] about Celtics Expect At Least Four Bids In Sale Of Team

Celtics Say They Need To Refocus On Defense

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The Boston Celtics have hit a rough patch. After cruising through last regular season and the playoffs on the way to their 18th title, Boston has played .500 basketball over their last 10 games. The Celtics offense is still hitting, checking in as the third-best scoring team in the NBA. The defense has slipped. After years of being a top-five group, Boston has dropped to ninth … [Read more...] about Celtics Say They Need To Refocus On Defense

Lonnie Walker IV Drawing Interest From Sixers, Wolves, Heat, Nuggets, Celtics

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Lonnie Walker IV can be bought out of his contract with Zalgiris until Feb. 18th and is drawing interest from a number of NBA teams including the Philadelphia 76ers, Minnesota Timberwolves, Miami Heat, Denver Nuggets and Boston Celtics. Walker averaged 7.2 points, 1.5 rebounds and 2.5 assists in 16.4 minutes for the Celtics in preseason. Last season, Walker averaged 9.7 … [Read more...] about Lonnie Walker IV Drawing Interest From Sixers, Wolves, Heat, Nuggets, Celtics

NBA Francises Collectively Worth $138 Billion, Average Of $4.6 Billion

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The Golden State Warriors have become the second most valuable franchise in sports at $9.14 billion, trailing only the Dallas Cowboys at $10.3 billion. The Warriors are joined in the top-3 by the New York Knicks at $8.3 billion and the Los Angeles Lakers at $8.07 billion. Collectively, the NBA's 30 teams are worth $138 billion, including real estate held by owners and … [Read more...] about NBA Francises Collectively Worth $138 Billion, Average Of $4.6 Billion

Celtics Had Approximately $30M In EBIDTA During 23-24 Season

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The Boston Celtics grossed $493 million in revenue during the 23-24 season, reports Sportico. Before interest, taxes, depreciation and amortization, the Celtics made roughly $30 million in earnings with a luxury tax bill above $40 million. The Celtics' playoff run represented $102 million of the total, which is mostly ticket revenue. The NBA collects 25 percent of the playoff … [Read more...] about Celtics Had Approximately $30M In EBIDTA During 23-24 Season

Thunder, Celtics, Heat Ranked Top-3 Best NBA Front Offices

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The front offices of the Oklahoma City Thunder, Boston Celtics and Miami Heat rank in the top-3 in a poll of 40 executives around the NBA conducted by The Athletic. Each executive ranked their top five, and points were allotted the same way they are in NBA MVP voting: 10 points for first place, seven points for second place, five points for third, three points for fourth and … [Read more...] about Thunder, Celtics, Heat Ranked Top-3 Best NBA Front Offices