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The Boston Celtics are on the market, first reported by ESPN’s Adrian Wojnarowski.
Boston Basketball Companions L.L.C. confirmed their intention to promote in a short statement after the preliminary report. The bulk stake within the workforce is anticipated to be bought by early 2025, however Wyc Grousbeck is anticipated to stay workforce Governor till the sale formally completes in 2028.
This bombshell comes precisely two weeks after the Boston Celtics captured their 18th championship in franchise historical past, and simply minutes after Derrick White received his max extension, locking up the core for the foreseeable future.
The Celtics’ majority possession group is chaired by Grousbeck, a lifelong Celtics fan who bought the workforce in 2002 and efficiently introduced two championships throughout his tenure. The assertion mentioned that Grousbeck had determined to promote for “property and household planning issues.”
The Celtics determine to be one of the crucial useful groups in all {of professional} sports activities, with a longtime model, loyal and energetic fan base and sure the only most stacked roster within the NBA heading into the 2024-25 season.
Precisely how a lot the Celtics might be valued at stays unclear. When Matt Ishbia bought the Phoenix Suns in 2022, the workforce was valued at over $4 billion, a quantity the Celtics are more likely to prime. It’s unclear which teams could also be seeking to purchase.
This can be a growing story, and might be up to date as extra info turns into out there.
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