Boston Celtics minority owner Steve Pagliuca said the potential deal to buy the Connecticut Sun for a record amount and move the team still needs approval from the WNBA Board of Governors

The Celtics minority owner will have to overcome a competing bid from Marc Lasry's Avenue Capital Group that plans to keep the Sun in Connecticut.

Boston Celtics minority owner Steve Pagliuca offered to acquire the Connecticut Sun and move the team to Boston in a deal that values the team at a record $325 million, according to people familiar with the agreement.