Ownership group of NBA champion Boston Celtics is putting team up for sale
By KYLE HIGHTOWER
Posted 7/1/24
The ownership group that controls the reigning NBA champion Boston Celtics says that it intends to sell all its shares of team. In a statement Boston Basketball Partners LLC said it intends to sell …
You must be a member to read this story.
Join our family of readers for as little as $5 per month and support local, unbiased journalism.
Current print subscribers can create a free account by clicking here
Otherwise, follow the link below to join.
To Our Valued Readers –
Visitors to our website will be limited to five stories per month unless they opt to subscribe. The five stories do not include our exclusive content written by our journalists.
For $6.99, less than 20 cents a day, digital subscribers will receive unlimited access to YourValley.net, including exclusive content from our newsroom and access to our Daily Independent e-edition.
Our commitment to balanced, fair reporting and local coverage provides insight and perspective not found anywhere else.
Your financial commitment will help to preserve the kind of honest journalism produced by our reporters and editors. We trust you agree that independent journalism is an essential component of our democracy. Please click here to subscribe.
Need to set up your free e-Newspaper all-access account? click here.
Non-subscribers
Click here to see your options for becoming a subscriber.
Register to comment
Click here create a free account for posting comments.
Note that free accounts do not include access to premium content on this site.
I am anchor
Ownership group of NBA champion Boston Celtics is putting team up for sale
Boston Celtics' Jayson Tatum, right, and Celtics owner Wyc Grousbeck, center, celebrate their NBA basketball championship with a duck boat parade Friday, June 21, 2024, in Boston. (AP Photo/Michael Dwyer)
Posted
By KYLE HIGHTOWER
BOSTON (AP) — The ownership group that controls the reigning NBA champion Boston Celtics says it intends to sell all its shares of team.
In a statement released Monday, Boston Basketball Partners LLC said it intends to sell the majority interest of the team in 2024 or early 2025. The balance of its shares would then close in 2028.
Wyc Grousbeck, whose family leads the ownership group, is expected to remain the team’s NBA governor until the sale is complete.
“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 statement said.
The Celtics defeated the Dallas Mavericks in the NBA Finals last month to capture the franchise's 18th championship.
!role~Preview!mt~photo!fmt~JPEG%20Baseline)
