| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Billionaire Jeff Bezos may actually buy the Boston Celtics basketball team, according to latest reports, contradicting earlier news that he had ‘no plans’ to buy the reigning NBA champions.
On Thursday morning, WEEI’s The Greg Hill Show co-host Courtney Cox said that the bidding was down to three finalists: Bezos, Fenway Sports Group and Wynn Resorts, owner of hotel and casino Encore Boston Harbor, Sports Illustrated reported.
Cox stated that Bezos was a possible buyer two weeks after it was reported on Aug. 21 that the Amazon Inc. (NASDAQ:AMZN) founder did not plan to purchase the Celtics, following a report earlier in the day that he was offering $6 billion for the team with an estimated worth of $4.7 billion.
Bezos has previously shown interest in buying the National Football League’s Seattle Seahawks and Washington Commanders.
Boston Basketball Partners L.L.C., the Celtics’ primary shareholder, intends to sell a majority interest in the Celtics in 2024 or early 2025. Wyc Grousbeck is expected to stay on board as the Governor of the Celtics until the deal’s expected closing in 2028.
Charlie Jacobs, the CEO of Delaware North, which owns the Celtics’ stadium TD Garden, said during the Jimmy Fund Radio-Telethon that the team recently signed a lease to remain in their current home venue for “another 12 years or so.”
That plan could change if Bezos buys the team because he may want to own the Celtics’ local arena and build a new stadium comparable to the Intuit Dome, a new stadium built by Los Angeles Clippers owner Steve Ballmer.
Read Now:
Photo: Wikimedia Commons
Posted In: AMZN
