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 into a purchase of 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 Haslem 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 all of professional sports, with an NBA record 18 NBA titles — second only to the New York Yankees (27) 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 later 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.”
