Celtics Owner Wyc Grousbeck Considers Selling Franchise After 2024 Championship Win
November 22, 2024The Celtics recently celebrated their 2024 championship victory with a visit to the White House, where they were honored by President Joe Biden.
Since acquiring the Boston Celtics in 2002 for $360 million, Wyc Grousbeck has transformed the franchise into a major sports brand, significantly increasing its value and leading the team to two additional championships.
Amidst this success, Grousbeck hinted at the possibility of selling the franchise, noting there is considerable interest but withholding specific details about the sale process.
Looking ahead, Grousbeck's departure from day-to-day operations is scheduled for 2028, marking the end of his long tenure with the team.
The announcement of the Celtics' potential availability for purchase has taken the basketball community by surprise, particularly given their recent championship win.
Despite the speculation around a sale, Grousbeck confirmed that he plans to remain as the team's governor for at least three more years, aligning with the timeline of his initial sale announcement.
Summary based on 1 source
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Source
The Cold Wire • Nov 22, 2024
Celtics Owner Comments On Possible Sale Of Team