In August, The Ringer’s Bill Simmons stated that the NBA and the Celtics aim to find a $6 billion bidder to purchase the league’s reigning champions.
A bidding war could convince a suitor it’s worth satisfying that asking price to become the next owner of an iconic franchise, but one valued at an estimated $4.7 billion, per Forbes.
However, one of the equation’s significant factors resulted in a source telling the New York Post, “The Celts getting $6 billion is going to be difficult,” and it’s more likely the team’s sold for about $5 billion.
That issue is not owning their home arena. It’s a core component of why The Post adds that sources tell them the franchise barely broke even last season and is expected to lose about $80 million because of luxury tax fines for being over the cap for the 2024-25 campaign.
Furthermore, Charlie Jacobs, the CEO of Delaware North, of which TD Garden is a subsidiary and the Celtics are a tenant, shared during the Jimmy Fund Radio-Telethon this summer that the latter recently signed a lease to remain in their current home venue for “another 12 years or so.”
While getting the green light to build a new stadium in Boston could prove a long, laborious process, there’s a good chance the Celtics’ next owner will also want to own their home arena, especially if the cost of purchasing the franchise is $6 billion.
Further Reading
Jayson Tatum Discusses Balancing MVP and Title Chase and His Excitement to Start Over
Jayson Tatum Discusses Becoming an Author, Tatum 3s, 2K Cover, and More
Byproduct of New CBA Threatens Jordan Walsh’s Roster Spot with Celtics
Lonnie Walker IV Delivers Motivated Message about Joining Celtics
Evaluating Oshae Brissett’s Best Options in Free Agency
Top 5 Games on Celtics’ 2024-25 Schedule
Jayson Tatum Opens Up About ‘Challenging and Humbling’ Olympic Experience
Here’s What to Know about Jaylen Brown’s Boston XChange
Jayson Tatum Gets Candid about Relationship with Jaylen Brown
Al Horford, Raising Cane’s, and a Region that Loves Him
On Derrick White and the Fuel for Unprecedented Journey to NBA’s Best Role Player
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