Celtics sale picks up momentum
Celtics sale picks up momentum as banks contact potential buyers
The sale of the Boston Celtics is set to pick up momentum this week. The Boston Globe’s Adam Himmeslbach reported Monday that the Grousbeck family will work with JP Morgan and BDT & MSD banks to contract potential buyers and officially begin the process of selling their majority stake in the team.
Celtics sale process outreach to begin this week with potential buyers (report)
The Celtics ownership group has targeted the 2024-25 season for the first stage of the team sale to take place for 51 percent of the deal. The remainder of the deal would be processed in 2028 with team governor Wyc Grousbeck remaining in that position during that process.
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Banks to begin contacting prospective Celtics buyers this week, per source
The banks facilitating the sale of the Grousbeck family's stake will be in contact individuals who have expressed interest in the team, and other qualified buyers who have been targeted.
Source: Celtics reaching out to ‘qualified buyers’ as sale process heats up
The sale of the Boston Celtics is about to tip off in earnest. BDT & MSD Partners and J.P. Morgan, whom the Grousbeck family retained as co-advisors for the sale, will reach out this week to a select group of “qualified buyers targeted for initial outreach” and others who have “expressed serious interest” in buying the franchise,
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