Boston Celtics is up for sale according to reports and Jeff Bezos is interested in buying them. On his podcast on Monday, Bill Simmons of The Ringer stated that there is “legitimate buzz” around Amazon founder Jeff Bezos purchasing the Celtics. Bezos would be the richest NBA owner by a wide margin with an estimated net worth of little less than $200 billion.
Could Jeff Bezos buy the Boston Celtics?@BillSimmons shares what he’s hearing regarding the sale of the team and how it ties into the price of future expansion franchises: pic.twitter.com/HI7KyUIanj
— The Ringer (@ringer) August 19, 2024
Some may want to keep the team’s ownership local, even though Bezos’ large fortunes would provide C’s supporters comfort over the team’s finances.
Then, Steve Pagliuca, the co-owner of the Boston Celtics, who declared he would participate in the bidding process, would be a viable choice. Wyc Grousbeck’s tenure as governor will come to an end in 2028 when the sale of the Celtics occurs, with the transaction anticipated to start later this year or in early 2025. The NBA wants the Celtics to sell for $6 billion, according to Simmons.
Jeff Bezos and his fascination with sports teams
Considering that Elon Musk paid $44 billion for the purchase of Twitter, it would seem like a great deal for Bezos to acquire a whole basketball team for just $6 billion.
It’s well acknowledged that the wealthiest members of society require additional places to invest their money as they become richer.
There are too many options for growth and investment, whether it be for future financial gain or for personal fun like most sporting interests, so it can’t all just sit in a bank account.
Recent years have seen a rise in high-profile takeovers of American sports teams; the Denver Broncos and Washington Commanders, for example, were both sold for multibillion dollar sums.
It’s interesting to note that in both cases, a large group of wealthy investors formed a consortium to complete the purchase, and there are rumors that Bezos personally was in talks to participate in the Washington Commanders initiative but that didn’t work out.
