FSG, RedBird Consider Bid for Celtics

Fenway Sports Group (FSG) and RedBird Capital Partners are seriously considering a bid to purchase the Boston Celtics, with a majority interest expected to be sold by early 2025 and the remainder by 2028. This move could involve NBA superstar LeBron James, who has been a partner with FSG since 2021. However, NBA rules prohibit active players from owning team stakes, meaning James would have to wait until retirement to participate. Current minority owner Steve Pagliuca has also expressed interest in purchasing the team. The sale of the Celtics, valued between $4 billion and $6 billion, follows the announcement by majority owner Wyc Grousbeck of his intent to sell 51% of the franchise. The bidding process is anticipated to be competitive, with several potential suitors already emerging.