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.

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

Pagliuca released a statement Sunday, confirming an offer had been made to buy the team and move it out of Mohegan Sun Arena, but said there were still approvals that had not been obtained from the WNBA.