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John Henry and Fenway Sports Group are considering bidding on the Celtics open ownership stake
Since Wyc Grousbeck announced he would be selling the Celtics back in early July Boston fans have feared one possible new owner. A recent report from the New York Post confirmed these fears as Fenway Sports Group is considering making a bid for the Celtics. Fenway Sports Group led by John Henry is the current ownership group of the Boston Red Sox.
The group has been highly controversial for their cheap tendencies and unwillingness to invest in successful rosters. Henry is already one of the most unpopular people in Boston and buying the Celtics wouldn’t help.
In addition to the Red Sox Fenway Sports Group owns the NHL’s Pittsburgh Penguins and the Premier League’s Liverpool F.C. Adding an NBA franchise to this collection, especially the Celtics, makes a ton of sense for them. It’s also worth noting LeBron James is a partner of Fenway Sports Group being part of an NBA ownership group would be very enticing for James post-retirement.
While Grousbeck put the team up for sale in July he plans to stay as the owner until 2028. Nevertheless, a potential sale to Fenway Sports Group would be a disaster for the Celtics. Let’s dive into some of the negative consequences.
While Grousbeck put the team up for sale in July he plans to stay as the owner until 2028. Nevertheless, a potential sale to Fenway Sports Group would be a disaster for the Celtics. Let’s dive into some of the negative consequences.
The biggest point of contention against John Henry as the Red Sox owner has been his unwillingness to spend money even on successful teams. Notably, the Red Sox traded Mookie Betts and let Xander Bogaerts walk in free agency. Both players were crucial parts of the Red Sox winning the World Series in 2018. Henry has also often ignored clear team needs such as defense and pitching.
Grousbeck is one of the most hands-off owners in the NBA and has been more than willing to pay the expensive luxury tax bill for the Celtics. At the same time he has been very open to media appearances and speaking transparently when needed.
Going from this to someone who often avoids the media and criticizes fans when he does would be quite an unwelcome change.