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Boston Celtics ownership group plans to sell majority stake

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The Boston Celtics majority ownership group, led by Wyc Grousbeck, is planning to make the franchise available for sale.

Grousbeck and partner Steve Pagliuca led a group into a purchase of the team in 2002 for $360 million. Since then, franchise valuations have skyrocketed, with the latest teams to sell controlling shares being the Phoenix Suns, which went for $4 billion to Mat Ishbia in February 2023, the Milwaukee Bucks, with Jimmy and Dee Haslem paying $3.