THE AMERICA ONE NEWS
Jun 2, 2025  |  
0
 | Remer,MN
Sponsor:  QWIKET 
Sponsor:  QWIKET 
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge.
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge and Reasoning Support for Fantasy Sports and Betting Enthusiasts.
back  
topic
Forbes
Forbes
1 Jul 2024


The ownership group that controls the Boston Celtics—worth $4.7 billion last year according to Forbes’ calculations—is looking to sell the team just weeks after it secured its first NBA Championship since 2008.

Boston Celtics Victory Event & Parade

Owner Wyc Grousbeck of the Boston Celtics at the 2024 Boston Celtics championship parade on June 21, ... [+] 2024 in Boston, Massachusetts.

Getty Images

The ownership group, Boston Basketball Partners L.L.C, said Monday in a statement to multiple outlets it will sell all shares, and said the decision was brought on by "estate and family planning considerations" of the group’s controlling members, the billionaire Grousbeck family (the news was first reported by ESPN’s Adrian Wojnarowski).

The group expects to sell a majority of the team late this year or early next and said Wyc Grousbeck, the face of Boston Basketball Partners, will stay on as governor of the team until 2028.

The team did not specify if it already has buyers lined up.

Cable television billionaire Irving Grousbeck, his son Wyc Grousbeck and other investors bought the Celtics for $360 million in 2002.

The Celtics were ranked by Forbes as the NBA's fourth most-valuable team in 2023.

This is a developing story and will be updated.