The Boston Celtics have reportedly retained the services of JPMorgan Chase and BDT and MSD to help facilitate the sale of the franchise. The Grousbeck family put the team up for sale shortly after the Celtics secured the 18th championship banner in franchise history. According to Sportico, the team is valued at $5.12 billion, making them the fourth-most expensive team in the NBA.
The Grousbeck family is expected to take their time in both finding and vetting a potential buyer, with Wyc Grousbeck expected to stay on in the front office until 2028 to help with the transition of power. Currently, there have been no potentially interested buyers made public.
Whoever decides to purchase the Celtics will inherit a roster capable of contending for the next five or six years. However, they will also be absorbing a significant luxury tax bill and will instantly acquire a team that is deep into the second apron.
Guys, I may have been a little TOO spot on with this gag, my b
Report: After collapse of Minnesota Timberwolves sale, Alex Rodriguez, Marc Lore to buy Boston Celtics in surprise move https://t.co/Atr5rBxl6n via @thecelticswire
— Dr. Justin Quinn (@justinquinnn) July 1, 2024
Boston is unlikely to be sold in the very near future. However, by retaining the services of JPMorgan Chase and BDT and MSD, the front office will have some of the best minds in the business working to find a buyer and get a deal over the line.
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