The Boston Celtics are in the process of being sold, with four confirmed bidders including co-owner Stephen Pagliuca. The sale was announced by lead owner Wyc Grousbeck on July 1, 2024, and is expected to be completed in two phases, with 51% sold this spring and the remaining 49% in 2028. Pagliuca has emerged as a key contender, leveraging his insider status and hiring financial advisors to aid his bid. The next round of bids is due soon, heightening competition among interested parties.
The sale of the Celtics has been ongoing since lead owner Wyc Grousbeck announced intentions to sell all shares on July 1, 2024. Pagliuca remains a front-runner.
Pagliuca, owner and co-chairman of Atalanta, has engaged Allen & Co. and Raine to assist in the bidding process to acquire a majority stake in the Celtics.
Collection
[
|
...
]