The Boston Celtics majority ownership group led by entrepreneur Wyc Grousbeck evidently sees the franchise snapping a 16-year championship drought as a golden business opportunity.
The current ownership group, led by Wyc Grousbeck and including Stephen Pagliuca, bought the team in 2002 for $360 million.
On Monday, ESPN’s Adrian Wojnarowski reported that Grousbeck and company intend to make the Celtics “available for sale.”
BREAKING: The Boston Celtics majority ownership group — led by Wyc Grousbeck — is planning to make the franchise available for sale, sources tell ESPN. The investment group purchased the team in 2002. Massive development for one of sports’ most valuable properties.
As Wojnarowski highlights, this is a notably “massive development for one of sports’ most valuable properties.” Considering Mat Ishbia purchased the Phoenix Suns for $4 billion in February 2023, what will the Celtics’ valuation be? They are one of the most renowned organizations in American pro sports. Additionally, Boston is a significant market, only increasing their worth. Who has that type of loot to make such an otherworldly investment?
John Henry as a Potential Buyer
The entire metropolis of Boston may not like it, but one obvious candidate could buy the team — John Henry. Tyler Milliken of 98.5 The Sports Hub shared a screenshot of a story from 2021, stating Henry’s desire to govern an NBA squad. However, he captioned the photo with a grimacing face, telling us all we need to know about his thoughts on the possibility.
Henry’s Mixed Legacy in Boston
Henry already has a significant stake in the Boston Red Sox, Liverpool Football Club, and Pittsburgh Penguins. Based on these six quotes from or about him, it’s apparent that the fan bases of his respective entities aren’t particularly fond of him.
Liverpool Feels the Heat
I know there has been a lot of conversation and quotes about LFC, but I keep to the facts: we merely formalised an ongoing process,
John W. Henry addresses ongoing speculation about selling Liverpool FC.
Fan Discontent
The Red Sox faithful have been put through the wringer since Henry bought the club in 2002. Albeit a savvy and successful businessman, he has been stingy with spending money. For example, Henry allowed four-time All-Star infielder Xander Bogaerts to walk for nothing in free agency rather than pay to keep him in Boston. Moreover, the former’s decision to trade 2018 American League MVP Mookie Betts instead of re-signing him has aged brutally.
Your Classic Businessman
It seems only fitting when recalling Henry’s own words: Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.
A Look Forward
$7.5 billion is the estimated net worth of Donald Trump as of May 2, 2024. If he were to engage in bidding for the Celtics, we’d witness an even larger emeritus shuffle as he’s known for making financial power moves just like this one.
Derrick White extended his contract; meanwhile, questions loom over who might become the new Celtic boss if Henry steps into bidding territories again.”
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