Although there have been some rumors, Amazon’s founder Jeff Bezos is not looking to bid on the current NBA champions, the Boston Celtics, according to Sports Business Journal.
The publication referred to a source who stated that there is “zero truth” to the notion that Bezos is interested in making a bid.
The main ownership stake in the Celtics will be available for purchase in the coming years following the team’s victory for their 18th title. Earlier this week, Bill Simmons from The Ringer mentioned Bezos’ name in connection with the Celtics.
Wyc Grousbeck, the current owner of the Celtics, is currently offering 51% of the team for sale, with the remaining 49% expected to be up for grabs around the time he steps down as owner in 2028.
Simmons commented on his podcast, “Recently, there has been some real buzz surrounding Jeff Bezos potentially buying the Celtics, and I think there’s truth to that. He is likely to be one of the bidders. This made me consider what Bezos sees in the Celtics—what does he hope to gain? For him, it only makes sense because it is regarded as a prestigious franchise.
“Acquiring it would be akin to buying an exquisite $300 million yacht, and I genuinely believe he’s a potential player in this.”
In addition to Bezos, Los Angeles Lakers superstar LeBron James has also been rumored to be considering a possible investment in the Celtics.
The NBA champions have engaged JPMorgan and BDT & MSD Partners to help initiate the sale process.
According to Josh Kosman from the New York Post, “The Fenway Sports Group, which owns the Boston Red Sox, and RedBird Capital, which collaborates closely with LeBron James, are seriously contemplating a bid for the Celtics.” Sources indicated that while James, who is still playing for the Lakers, might not be able to join Celtics ownership right now, he could easily become associated with them in the future; since the remaining 49% of the team won’t be sold until 2028, he could be an owner of their long-time rivals after potentially retiring by then.”
