Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Jeff Bezos Eyes Boston Celtics Purchase for $6 Billion
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Bezos Boston Celtics Purchase
PhotoNews Pakistan > Sports > Jeff Bezos Eyes Boston Celtics Purchase for $6 Billion
Sports

Jeff Bezos Eyes Boston Celtics Purchase for $6 Billion

Web Desk
By Web Desk Published August 21, 2024 2 Min Read
Share
Jeff Bezos Offer to Buy Boston Celtice. Photo Credits: @CelticsCLNS (X)
SHARE

Amazon founder Jeff Bezos is reportedly interested in purchasing the Boston Celtics for $6 billion. As one of the most storied franchises in NBA history, the Celtics are currently up for sale, with owner Wyc Grousbeck announcing his intent to sell.

Despite the steep price tag, multiple interested parties have emerged, including billionaire Bezos, who has expressed readiness to invest in the Massachusetts team. Respected sports analyst Bill Simmons highlighted this, noting credible buzz around Bezos’s potential acquisition.

Jeff Bezos is interested in buying the Celtics, per @BillSimmons

“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.”

(h/t @BASKETBALLonX ) pic.twitter.com/tVUFXPFTYW

— NBACentral (@TheDunkCentral) August 19, 2024

Bezos is ranked the third wealthiest individual globally, with an estimated fortune of $194.7 billion, but if he faces no financial hurdles. However, a notable challenge could be a conflict of interest, given Amazon’s recent exclusive deal to broadcast NBA games. It remains unclear how NBA regulations would address the issue of a team owner owning a broadcasting partner.

Could Jeff Bezos buy the Boston Celtics?@BillSimmons shares what he's hearing regarding the sale of the team and how it ties into the price of future expansion franchises: pic.twitter.com/HI7KyUIanj

— The Ringer (@ringer) August 19, 2024

Operational challenges are also at play for the Celtics, who do not own their arena, TD Garden. This issue could deter potential buyers but is less likely to affect a financial titan like Bezos.

Simmons also disclosed on his podcast that the NBA has set a $6 billion valuation for the Celtics, mirroring the anticipated price for future expansion teams in cities like Las Vegas, Seattle, and possibly Mexico City. This pricing strategy could result in significant profits for NBA franchises, each earning $400 million from expansion team sales.

Recent sales of NBA franchises include Michael Jordan’s sale of his majority stake in the Charlotte Hornets for $3 billion and Mark Cuban’s sale of his majority stake in the Dallas Mavericks for $3.5 billion. Both transactions reflect substantial valuations in the league’s business dynamics.

TAGGED:FeaturedNBA
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

India Pralay missile tests 2025

India Conducts Multiple Pralay Missile Tests 

Kamchatka earthquake

8.8 Magnitude Earthquake Strikes Kamchatka Peninsula Trigger Tsunami Warnings

Pakistan sugar sector deregulation

Pakistan to Fully Deregulate Sugar Sector Under IMF Conditions

Post Archives

More Popular from Photonews

BISE Rawalpindi Lahore matric toppers 2025
Punjab

BISE Rawalpindi and Lahore Announce Matric 2025 Position Holders

3 Min Read
Taylor Swift Denise Welch drama
Entertainment

Taylor Swift Stays Silent on Denise Welch’s Dig Over Past Relationship

3 Min Read
Pakistan Arbaeen road ban
Pakistan

Pakistan Bans Road Travel for Arbaeen to Iraq and Iran

2 Min Read
Gilgit - Baltistan

Six Tourists Killed in Deadly Floods Hit Gilgit-Baltistan

Severe monsoon flooding has devastated the Diamer district in Gilgit-Baltistan, resulting in the loss of at…

July 24, 2025
Sports

Al-Nassr Nears £44M Deal for Chelsea’s Joao Felix

Al-Nassr is nearing a £44 million agreement to sign Chelsea forward João Félix, with negotiations progressing…

July 27, 2025
Pakistan

Pakistan Launches AAAI Chapter, Joins Global AI Ecosystem

On July 25, 2025, Pakistan officially joined the global AI landscape by launching the Pakistan Chapter…

July 26, 2025
Entertainment

Sydney Sweeney Physical Transformation for Christy Martin Biopic Role

Sydney Sweeney has undergone a remarkable physical transformation for her role as legendary boxer Christy Martin…

July 24, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?