Report: Celtics To Acquire Up To 20% Stake in CSNNE

John Ourand and John Lombardo of Sports Business Journal are reporting that the Boston Celtics have been in negotiations with Comcast SportsNet New England to extend their broadcast partnership, with the Celtics also acquiring as much as a 20% stake in CSNNE.

As story points out, this continues a trend in which professional sports franchises are teaming up on the business side with regional sports networks (RSNs).

It is possible that the deal may not be formally finalized until after the NBA lockout is over.

As Ben Rohrbach on points out, this also means that like the Red Sox, the Celtics will be covered by a media entity in which there is an ownership stake involved.

Random Quote

He is the bravest columnist I’ve ever seen and is not afraid to take a stand.

— Joe Sullivan, Boston Globe Sports Editor on Dan Shaughnessy, Boston Sports Review, January 2006
  • NutCracker

    Now Michael Felger, what was that you were saying about Wyc Grousbeck and the Boston Celtics?

    Ahh-hum, cough, cough.

  • Jim R

    Does this mean that Dickerson has to suck up to the Celtics 20% more?

  • Guntfather Eddie

    Bruins own 20% of NESN too so it's everybody. Shank will be writing about Dickerson and his green golf shirts.

  • jason

    can they get the own people in. like get rid of felger Dickerson and gary Tangway

  • LarryLegendBSMW

    Nutcracker just made my night.