• Loading stock data...
Friday, September 13, 2024

Celtics Are Far From First Pro Sports Sale With Bezos ‘Buzz’

  • Jeff Bezos has been linked to multiple sports teams in recent years. 
  • The pool of people who can afford to outright buy franchises as valuations explode is shrinking.
Jay Biggerstaff-USA TODAY Sports

Jeff Bezos is reportedly interested in buying the Boston Celtics, the reigning NBA champions who went up for sale shortly after capturing their 18th title

Here we go again. 

The report comes from podcaster/media mogul/Boston fan Bill Simmons.

“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,” Simmons said on his podcast Sunday. “I think he’s gonna be one of the suitors. Which got me thinking, why would Jeff Bezos, when he’s looking at the Celtics, what is he seeing? What does he want? I think the only way it makes sense—I mean, granted, he has a gajillion dollars—but it’s one of the crown-jewel franchises, right? That’s why you get it. To him it’d be no different than if he bought this famous, gigantic, $300 million yacht. But I think it’s real that he’s potentially in the mix for this.”

It’s not the first time Bezos has been linked to a team on the market, and it likely won’t be the last. Fans of long-tortured sports franchises have dreamed of Bezos serving as a billionaire in shining armor, riding into town in an expensive car to rescue their cursed team from bad ownership. And owners and leagues would benefit from having the mere mention of Bezos’s infinite pockets drive up bids for their teams, making everyone richer. 

(Update, Aug. 20, 4:16 p.m. Eastern: Bezos has “no plans” to buy the Celtics, according to The Information.)

The Amazon founder and Washington Post owner is worth roughly $196 billion, according to Forbes, making him the second-richest person on Earth. Sports team valuations have gotten so astronomical that a dwindling number of people—including Bezos—who don’t already own major franchises can afford to buy one outright. Simmons said the NBA wants to see the Celtics sell for $6 billion, which would set a record and raise the payout owners would get from possible expansion franchises. (Commissioner Adam Silver has said expansion is on deck now that the league’s new media rights deals are finalized.)

“They want to get $6 billion apiece,” Simmons said of expansion fees, “which would mean a check of $400 million to every NBA owner.” 

In recent years, Bezos has been linked to potentially owning the Washington Commanders and the Seattle Seahawks, two cities in which he has ties. Amazon was founded in Seattle, while Bezos owns the local newspaper in the nation’s capital. But the Commanders were sold to Philadelphia 76ers and New Jersey Devils owner Josh Harris for $6 billion. The Financial Times reported Bezos was “simply outbid” by Harris for the Commanders. The Seahawks’ interest started in 2019, but nothing came of it. He has also been linked to the Phoenix Suns, Detroit Lions and Los Angeles Chargers in recent years; those teams were ultimately sold to people other than Jeff Bezos.

Nick Watanabe, a sports management professor at the University of South Carolina, says Bezos’s name will keep coming up if he doesn’t buy the Celtics. “There’s not that many billionaires in the world,” Watanabe tells Front Office Sports.

It’s not even the first time possible NBA interest from Bezos has been alleged on a Simmons show. Former Knick Charles Oakley said in 2019 that Bezos was interested in purchasing his former team. Two months earlier, Simmons had said Knicks owner Jim Dolan was “courting offers” for the team, which Dolan later denied. Five years later, Dolan still owns the team. 

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

How Fans Are Getting Front-Row Seats Thousands of Miles Away 

Cosm has two domed venues open in Dallas and Los Angeles.
Oakland A's hats and gloves

MLB Insists A’s Move to Sacramento Is a ‘Certainty’

Scott Boras has recently sowed doubt on the team’s move north.

The Next Steps in the Unexpected Pac-12 Rebuild

The Pac-12 still must add two more members to solidify its future.

What Can the Browns Do About Deshaun Watson’s $92 Million?

Watson is back in legal trouble while playing poorly.
podcast thumbnail mobile
Front Office Sports Today

How the Pac-12 Is Bouncing Back

0:00

Featured Today

September 4, 2024

Northwestern’s Tiny Temporary Football Stadium Is Making Big Money

Despite 35,000 fewer fans in seats, Northwestern is bringing in more revenue.
Aug 25, 2024; Denver, Colorado, USA; Detailed view of a Denver Broncos snapping the football in the second half against the Arizona Cardinals at Empower Field at Mile High.
September 3, 2024

How NFL Streaming Will Work With Coverage Across Four Exclusive Platforms

Each week will feature at least one game exclusively on a streaming service.
Aug 25, 2024; Landover, Maryland, USA; A detailed view of New England Patriots footballs on the field before the game against the Washington Commanders at Commanders Field.
opinion
September 1, 2024

The NFL Let the Private Equity ‘Barbarians’ Through the Gate

Fans will barely see any change from the arrival of PE money.

NFL Banks Big on Jets to Drive 2024 Viewership: Will Rodgers Deliver?

Aaron Rodgers will make his long-awaited return to an NFL field.
September 6, 2024

Bears President Urges Chicago to ‘Figure This Out’ on New Stadium

The NFL team executive says the city is losing out on major sporting events.
September 9, 2024

PWHL Differs From WNBA, NWSL With League-Chosen Team Names

The league chose the new names without team approval or fan surveys.
Sponsored

The Women Fueling The Future Of Football

In this episode of FOS Explains, fueled by Gatorade, we discuss how women are changing the landscape of the NFL and the business of football.
September 5, 2024

Mets Embrace Latest Ticketing Trend to Help Boost Slumping Attendance

The big-market Mets are the latest to adopt the fast-growing industry trend.
September 4, 2024

Relocation? Contracts? Chiefs Tackle Distractions in Quest for Three-Peat

Kansas City opens the season Thursday night against the Ravens.
September 4, 2024

Commanders Fire Executive Over Secret Recordings From Far-Right Activist

The man behind the video has a history of doctoring recordings.
September 4, 2024

76ers Weighing New Jersey Move As Philly Plans Face Growing Resistance

A new offer from the Garden State follows slowed progress on a new facility in downtown Philadelphia.