Boston Celtics’ majority owner reportedly looking to sell stake in team

BOSTON, MASSACHUSETTS – JUNE 21: Owner Wyc Grousbeck of the Boston Celtics reacts as he holds the Larry O’Brien Championship Trophy during the 2024 Boston Celtics championship parade following their 2024 NBA Finals win on June 21, 2024 in Boston, Massachusetts. (Photo by Billie Weiss/Getty Images)

A majority stake in the Boston Celtics will reportedly be up for sale, according to multiple reports.

The franchise, which Forbes valued at $4.7 billion in 2023, was purchased by an investment group led by Wyc Grousbeck in 2002 for $360 million. The Celtics have won two championships and reached the NBA Finals four times under their current ownership.

Shares owned by the Grousbeck family will be available to purchase.

Last month, the Celtics won their 18th NBA title in franchise history, beating the Dallas Mavericks in five games. After going 64-18 during the regular season to ensure the top seed in the playoffs, the team beat the Miami Heat, Cleveland Cavaliers and Indiana Pacers to reach the NBA Finals.

The franchise’s 18th NBA title broke the tie with the Los Angeles Lakers for most in league history.

Source link : https://sports.yahoo.com/boston-celtics-majority-owner-reportedly-looking-to-sell-stake-in-team-171843460.html

Author : Yahoo Sports

Publish date : 2024-07-01 17:18:43

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