Aug 9, 2024, 11:29 AM
Aug 9, 2024, 11:29 AM

Celtics Potentially Up for Sale to Fenway Sports Group and LeBron James

Highlights
  • John Henry, owner of Fenway Sports Group, along with LeBron James, are reportedly considering a bid for the Boston Celtics.
  • The Celtics are a prominent NBA team known for their rich history and multiple championships.
  • This potential ownership change could significantly impact the franchise's future.
Story

BOSTON – The Boston Celtics, the reigning NBA champions, may soon be on the market, with reports indicating that John Henry's Fenway Sports Group (FSG) and RedBird Capital are considering a bid for the franchise. This news has stirred mixed emotions among Celtics fans, especially given Henry's controversial ownership of the Boston Red Sox. The potential involvement of Lakers superstar LeBron James, who is an investor in FSG, adds another layer of complexity, as he has a storied rivalry with the Celtics. While the prospect of FSG acquiring the Celtics is generating buzz, it is important to note that Henry's interest does not guarantee a successful bid. The looming luxury tax implications for the Celtics could deter Henry from pursuing the franchise further. Additionally, James, still an active player in the NBA, would be unable to engage with the Celtics until his retirement, which is anticipated to occur after at least one more season as he plays alongside his son, Bronny, with the Lakers. FSG has been eyeing an NBA team to complement its existing portfolio, which includes prominent franchises like Liverpool and the Pittsburgh Penguins. Although there were discussions about establishing a new NBA franchise in Las Vegas, acquiring the historic Celtics could prove to be a more straightforward option. As fans await the outcome of this potential sale, all eyes will be on the Celtics as they prepare to raise their 18th championship banner at TD Garden on opening night.

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