Celtics’ Wyc Grousbeck to Sell His Majority Stake After 2024 NBA Title Win

After winning a record 18th NBA title, the Boston Celtics are on the verge of a major change, as the Boston Basketball Partners L.L.C. announced Monday its plan to sell the team.

Celtics co-managing partner Steve Pagliuca said in a statement he plans to be part of the bidding process for the franchise:

ESPN’s Adrian Wojnarowski first reported the news.

The investment group has owned the franchise since 2002.

It can be expected that the Celtics will be sold for a monumental price. Forbes listed the franchise with a valuation of $4.7 billion in 2023, and that could increase after the team’s 2024 championship win.

The Celtics defeated the Dallas Mavericks in five games in the NBA Finals to return to the top of the mountain. The 2024 title was the second that Boston won under its current ownership group, as it also won the 2008 NBA championship.

The next owners of the Celtics will be inheriting a team with an incredibly bright future. DraftKings Sportsbook lists Boston as a +295 favorite to win a championship once again next season.

The Celtics have a strong core led by Jayson Tatum and NBA Finals MVP Jaylen Brown. Tatum is expected to receive a five-year, $315 million supermax extension from Boston this summer, which follows the $300 million supermax deal that Brown signed last year.

In addition to the massive paydays for their two stars, the Celtics locked up a key role player by agreeing to a four-year, $125.9 million extension with combo guard Derrick White. Boston already secured a four-year, $135 million extension with point guard Jrue Holiday in April and has Kristaps Porziņģis under contract for two more seasons, so the team is in great shape to maintain its status as a perennial title contender.