The Boston Celtics are for sale, first reported by ESPN’s Adrian Wojnarowski.
Boston Basketball Partners L.L.C. confirmed their intention to sell in a short statement after the initial report. The majority stake in the team is expected to be sold by early 2025, but Wyc Grousbeck is expected to remain team Governor until the sale officially completes in 2028.
This bombshell comes exactly two weeks after the Boston Celtics captured their 18th championship in franchise history, and just minutes after Derrick White received his max extension, locking up the core for the foreseeable future.
The Celtics’ majority ownership group is chaired by Grousbeck, a lifelong Celtics fan who purchased the team in 2002 and successfully brought two championships during his tenure. The statement said that Grousbeck had decided to sell for “estate and family planning considerations.”
The Celtics figure to be one of the most valuable teams in all of professional sports, with an established brand, loyal and active fan base and likely the single most stacked roster in the NBA heading into the 2024-25 season.
Exactly how much the Celtics will be valued at remains unclear. When Matt Ishbia purchased the Phoenix Suns in 2022, the team was valued at over $4 billion, a number the Celtics are likely to top. It is unclear which groups may be looking to buy.
This is a developing story, and will be updated as more information becomes available.
