Kofi Inkoom
The Boston Celtics majority ownership group, led by Wyc Grousbeck, is reportedly planning to put the team up for sale, according to ESPN’s Adrian Wojnarowski. The investment group has owned the franchise since 2002, Woj adds.
Grousbeck has served as the Governor of the Celtics since his group, Boston Basketball Partners, acquired the team in 2002.
During his tenure, the Celtics clinched two NBA championships, one in 2008 and another just a few weeks ago. Although Grousbeck plans to sell his stake in the Celtics, other minority shareholders intend to stay invested.
The Celtics might become the most valuable team in NBA history by the 2025-26 season, especially if Jayson Tatum signs a potential super-max extension. Grousbeck aims to sell his share just as new CBA rules imposing strict roster-building limitations come into effect.
As of December, Sportico valued the Celtics at $5.12 billion, making them the fourth-most valuable franchise in the NBA. This figure has likely increased over the past eight months due to the team’s recent successes. Grousbeck, now 63, hails from Massachusetts and has accumulated his wealth through various investments over the years.