Boston Celtics Ownership Group Putting the Team Up For Sale

BOSTON (WBSM) — The Boston Celtics, just weeks removed from winning their record 18th NBA Championship, are on the market.

The Celtics released a statement just after 1:30 p.m. this afternoon that reads:

“Boston Basketball Partners L.L.C., the ownership group of the Boston Celtics, announced today its intention to sell all the shares of the team. The controlling family of the ownership group, after considerable thought and internal discussion, has decided to sell the team for estate and family planning considerations.

The managing board of the ownership group expects to sell a majority interest in 2024 or early 2025, with the balance closing in 2028, and expects Wyc Grousbeck to remain as the Governor of the team until the second closing in 2028.”

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Meanwhile, ESPN’s Adrian Wojnarowski is reporting it is the entire group.

Grousbeck, along with partners Steve Pagliuca, Robert Epstein and Grousbeck’s father H. Irving Grousbeck, purchased the Celtics from former owner Paul Gaston in 2002 for $360 million. Boston Basketball Partners L.L.C went on to steward the team to world championships in 2008 and 2024.

We will update this story as more information becomes available.