🏀 The Boston Celtics are for sale ☘️

Boston Celtics ownership group plans to sell majority stake

The Boston Celtics majority ownership group, led by Wyc Grousbeck, is planning to make the franchise available for sale.

Grousbeck and partner Steve Pagliuca led a group that purchased the team in 2002 for $360 million. Since then, franchise valuations have skyrocketed, with the latest teams to sell controlling shares being the Phoenix Suns, which went for $4 billion to Mat Ishbia in February 2023, the Milwaukee Bucks, with Jimmy and Dee Haslam paying $3.5 billion several weeks later, and the Dallas Mavericks, with the Adelson and Dumont families paying $3.5 billion in December.


The Celtics are one of the iconic franchises in professional sports, with an NBA record 18 NBA titles -- trailing only the New York Yankees (27) and Montreal Canadiens (24) among all North American professional sports leagues.

In a statement announcing the decision Monday, the Celtics announced that the managing board of the ownership group expects to sell a "majority interest" in the team either this year or early next year, and that it "expects Wyc Grousbeck to remain as the Governor of the team until the second closing in 2028."

https://www.espn.com/nba/story/_/id/40474833/boston-celtics-ownership-group-plans-sell-majority-stake