Announcement: Steve Pagliuca Signs Deal with Wyc Grousbeck to Buy Boston Celtics; NFL Ownership Potentially Affected
Boston, MA – December 9, 2024 – In a stunning move that has rocked the sports world, Steve Pagliuca, the billionaire owner of the Boston Celtics, has signed a deal with current Celtics co-owner Wyc Grousbeck to purchase full ownership of the team. The agreement, finalized earlier today, gives Pagliuca complete control of the storied franchise, and it could have major implications for his involvement in NFL ownership.
The deal, valued at a reported $4.2 billion, will transfer full ownership of the Boston Celtics to Pagliuca, who has been a minority stakeholder since 2003. Grousbeck, who has been the face of the Celtics ownership group for over two decades, will reportedly retain a minority stake in the team. The two men have worked closely together in recent years, and their collaboration has led to the Celtics’ sustained success in the NBA, including multiple playoff appearances.
But the deal doesn’t end there. Sources close to Pagliuca have hinted that his new role as the Celtics’ sole owner could affect his future involvement in NFL ownership, particularly his stake in the New England Patriots. Pagliuca, who also has minority shares in the NFL team, has faced pressure in the past to divest from one of the two franchises, as league rules typically limit cross-ownership between major professional sports teams.
In a statement released earlier this afternoon, Pagliuca expressed his excitement about the Celtics’ future, calling it “an incredible honor to take full ownership of a team with such a rich legacy.” He also addressed the NFL ownership speculation, noting that he is “committed to working with league officials to ensure there are no conflicts of interest.”
Industry insiders are now speculating that Pagliuca may be forced to sell his stake in the Patriots in order to comply with NFL regulations. However, others argue that the rules could be relaxed, given his long-standing involvement in both teams and the increasing trend of cross-sport investments by high-profile owners.
The announcement has sent shockwaves through the sports community, with many wondering how this new development will shape the future of the Celtics, the Patriots, and Pagliuca’s broader sports empire. Fans of both teams are eager to see what changes may be in store, with some hopeful that Pagliuca’s influence will bring even more success to Boston’s beloved sports franchises.
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