Celtics majority owner wants to sell his stake in the team

Feb 14, 2024; Boston, Massachusetts, USA; Boston Celtics majority owner Wyc Grousbeck watches from the sidelines as his team takes on the Brooklyn Nets at TD Garden. Mandatory Credit: David Butler II-USA TODAY Sports

The Boston Celtics captured their NBA-best 18th championship just two weeks ago, and the franchise’s majority owner may now want to sell high.

ESPN’s Adrian Wojnarowski reported Monday that Wyc Grousbeck and his partners have become majority owners of Celtics plans to put the team up for saleHowever, Adam Himmelsbach of the Boston Globe said that Grousbeck is exploring a sale of his stake in the franchise, but the same cannot be said for the entire investment group that bought the team in 2002.

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According to a league source, Celtics majority owner Wyc Grousbeck is looking to sell his stake in the team because @wojespn reported. But this potential sale is not expected to include the entire investment group that purchased the team in 2002.

— Adam Himmelsbach (@AdamHimmelsbach) July 1, 2024

Grousbeck, a native of Worcester, Massachusetts, led an investment group that bought the Celtics for $360 million in 2002. The 63-year-old has been a lifelong Celtics fan and was even spotted trading gossip with Dallas Mavericks star Luka Doncic during the NBA Finals (video here).

Forbes estimates the Celtics are worth $4.7 billion, which would make them one of the five most valuable franchises in the NBA. The Charlotte Hornets were the last team to change hands when they were acquired last summer for a reported $3 billion.

After Michael Jordan sold the Hornets last year, Grousbeck asked if Wyc considered selling the Celtics. Grousbeck said at the time that he had “no idea of ​​selling the team” and that he “did it out of love and for Celtic pride, not for a price tag.”

In addition to their most recent championship, the Celtics also won a title in 2008 under their current ownership group.