Majority owner of the Boston Celtics considering selling a stake in the team

Owner Wyc Grousbeck of the Boston Celtics proudly lifted the Larry O’Brien Championship Trophy during the 2024 Boston Celtics championship parade following their NBA Finals win on June 21, 2024 in Boston, Massachusetts. The celebratory event marked the team’s successful journey to victory.

Recent reports have indicated that a majority stake in the Boston Celtics will soon be available for purchase, sparking interest among potential investors. The franchise, valued at $4.7 billion in 2023, has a rich history of success since being acquired by an investment group led by Wyc Grousbeck in 2002. Under this ownership, the Celtics have secured two championships and reached the NBA Finals four times.

Shares previously owned by the Grousbeck family are now set to be put up for sale, offering a unique opportunity for individuals looking to invest in a renowned basketball team. Last month, the Celtics clinched their 18th NBA title, triumphing over the Dallas Mavericks in a thrilling series that lasted five games.

During the regular season, the team exhibited exceptional performance with a record of 64-18, securing the top seed in the playoffs. Throughout their postseason journey, the Celtics defeated formidable opponents such as the Miami Heat, Cleveland Cavaliers, and Indiana Pacers, ultimately advancing to the NBA Finals.

The franchise’s 18th NBA title not only solidified their status as champions but also positioned them ahead of the Los Angeles Lakers in terms of total championships won, further enhancing their storied legacy in the world of basketball.