Boston Celtics ownership group plans to sell majority stake

Copy Link

Email

Print

Reactions

Like

107

Interesting

Wow

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…