Boston Celtics Ownership Group, Led by Wyc Grousbeck, Plans to Sell Franchise After 18th NBA Championship

Jul 1, 2024, 05:21 PM

The Boston Celtics majority ownership group, led by Wyc Grousbeck, is planning to make the franchise available for sale, according to ESPN. The ownership group, known as Boston Basketball Partners L.L.C., purchased the team in 2002 for $360 million. The Celtics, one of the most valuable franchises in sports, are now valued at approximately $4.7 billion. This decision comes shortly after the Celtics won their 18th NBA championship. Grousbeck is expected to remain the majority governor until 2028. The sale is anticipated to be a landmark valuation in the sports industry. The team has won two NBA championships under the current ownership. The sale is not expected to include the entire investment group.