BREAKING NEWS Boston Celtics for sale! Owners plan to put NBA champions on the market - with team worth $4.7BILLION The Celtics have been owned by Boston Basketball Partners LLC since 2002 In a statement, the owners say they're selling due to 'estate and family planning' READ MORE: Thousands of Boston fans line the streets to celebrate NBA title By Jake Fenner Published: 13:18 EDT, 1 July 2024 | Updated: 13:54 EDT, 1 July 2024 e-mail 4 View comments The ownership group of the NBA champion Boston Celtics is reportedly planning to put the team up for sale. After buying the team back in 2002, the team - led by CEO Wyc Grousbeck - is set to hit the open market.
'Boston Basketball Partners LLC, the ownership group of the Boston Celtics, announced today its intention to sell all the shares of the team,' read a statement from the team. 'The controlling family of the ownership group, after considerable thought and internal discussion, has decided to sell the team for estate and family planning considerations.' The statement continued, saying, 'The managing board of the ownership group expects to sell a majority interest in 2024 or early 2025, with the balance closing in 2028, and expects Wyc Grousbeck to remain as the Governor of the team until the second closing in 2028.
' The owners of the Boston Celtics have announced they plan on selling the team The Celtics are two weeks removed from winning the franchise's 18th NBA title Read More Dave Portnoy leads chants of 'F*** Kyrie' and Al.
