Boston Celtics' majority owner puts team up for sale weeks after NBA championship
Publishing timestamp: 2024-07-01 16:31:23
Summary
Boston Celtics ownership group, Boston Basketball Partners LLC, has put the team up for sale with the majority stake expected to be sold by end of 2024 or early 2025. The team, which recently won its 18th championship, could fetch a high price due to its success and popularity. Other sports news includes NFL 'Sunday Ticket' streaming, Florida Panthers games moving to local broadcast stations, and media mogul Barry Diller considering a bid for Paramount. Warren Buffet's Berkshire Hathaway made billions from China EV maker BYD, and some Nasdaq stocks are expected to fall as the year progresses. BCA Research predicts a 30% tumble in the S&P 500 as a recession hits later this year.
Sentiment: NEUTRAL
Keywords: amazon.com inc, boston celtics, sports, nba, walt disney co, business news, comcast corp,
Source: https://www.cnbc.com/2024/07/01/boston-celtics-for-sale-after-nba-championship.html