BOSTON – (Staff and Wire Service Report with Team News Release) – Investors with deep pockets willing to purchase a champion can line up for bidding on the 2024 NBA Champion Boston Celtics.
The franchise is available for purchase, according to a team issued news release. The imminent sale comes on the heels of a record 18th NBA title secured last month, as the league’s most storied franchise defeated the Dallas Mavericks in a five-game NBA Finals.
No purchase price was reported. Earlier this year, Forbes estimated the franchise’s value at $4.7 billion.
The potential sale comes at a time when the Celtics could approach a record payroll — and payroll tax to the NBA — with All-Star and MVP candidate Jayson Tatum discussing a contract that would make him the league’s highest-paid player.
Boston Basketball Partners was formed in 2002 and it completed the purchase of the Celtics on New Year’s Eve of that year from previous owner Paul Gaston for $360 million. Reports at the time indicated the actual sale price was $310 million since $50 million of debt was not assumed by the new ownership group.