The Boston Celtics’ majority owner lists the franchise for sale a few weeks following their NBA title.
It’s possible to purchase the 2024 National Basketball Association champions.
A message uploaded to the Boston Celtics‘ account on social media platform X on Monday stated that the team’s ownership group intended to sell the franchise.
All of the team’s shares will be sold, according to Boston Basketball Partners LLC, the team’s controlling family, «for estate and family planning consideration.»
According to the statement, the sale of the majority interest is anticipated to be finished by the end of 2024 or the beginning of 2025, with the completion of the remaining portion of the transaction occurring in 2028.
The Celtics might command an especially high price since sports team prices are skyrocketing. The franchise, which is one of the most popular and successful in American professional sports, won its 18th NBA title last month.
Sports gurus said on Monday that this, together with the skyrocketing cost of sports broadcast rights, will probably result in a valuation that is comparable to, if not more than, the record $4 billion that the NBA’s Phoenix Suns fetched in 2023.
In 2002, Wyc Grousbeck led a group of investors in purchasing the Celtics for $360 million. Born in Massachusetts and a lifetime Celtics supporter, Grousbeck anticipates leading the organization until its second closure in 2028.