In a surprising turn of events, Jeff Bezos, the tech giant and founder of Amazon, has expressed interest in acquiring the iconic basketball team, the Boston Celtics. The renowned NBA franchise, which boasts a rich history and a loyal fan base, recently went up for sale, sparking speculation and interest from various potential buyers. Bezos, known for his ambitious ventures and innovative business strategies, is reportedly keen on adding the Celtics to his expanding portfolio of investments.
Acquiring the Boston Celtics, however, would come at a hefty price tag. Reports suggest that Bezos would need to pay a staggering $6 billion to secure ownership of the NBA champions. While this may seem like a substantial sum, it is not out of reach for Bezos, whose financial resources and strategic acumen have propelled him to the pinnacle of success in the business world.
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After a failed attempt to take over the Washington Commanders in the NFL, the Amazon founder is reportedly switching his sights to the winningest NBA franchise.
On Monday, Bill Simmons reported and discussed the legitimacy of Bezos’ interest on his podcast.
‘In the last few days, there’s been some – I think – legitimate buzz about Jeff Bezos buying the Celtics, and I think it’s real. I think he’s gonna be one of the suitors,’ Simmons said.
‘Which got me thinking, why would Jeff Bezos, when he’s looking at the Celtics, what is he seeing? What does he want? I think the only way it makes sense — I mean, granted, he has a gazillion dollars — but it’s one of the crown-jewel franchises, right?’
‘That’s why you get it. To him it’d be no different than if he bought this famous, gigantic, $300 million yacht,’ Simmons added. ‘But I think it’s real that he’s potentially in the mix for this.’
Simmons also noted that the Celtics want to sell for $6billion to fulfill their target for expansion teams.
‘It’s a crazy price, but they’re probably gonna get it,’ Simmons said. ‘They want the $6 billion because they want expansion teams in Seattle and Vegas — and Mexico City’s kind of looming as the third team — but they want to get $6 billion apiece for the two franchises for expansion, which would mean a check of $400 million to every NBA owner, all 30.’
After besting the Mavs in five games to win their 18th NBA title, Celtics ownership announced putting the team on the market for ‘estate and family planning considerations,’ with the expectation that selling majority of the team would happen this year or early 2025, and the rest of the franchise being bought in 2028.
While the outcome of Bezos’s interest in buying the Boston Celtics remains uncertain, one thing is clear: the potential acquisition has sparked intrigue and anticipation within the sports world. As negotiations unfold and decisions are made, all eyes will be on Jeff Bezos and the future of the iconic Boston Celtics franchise.
