The Boston Celtics Are Officially Up for Sale, Just Weeks After Winning the NBA Championship

Jul 02, 2024 04:11 AM - 4 months ago 54421

Just weeks aft winning nan 2024 NBA Championship, nan Boston Celtics franchise is officially up for sale.

In a connection cross-posted connected nan Celtics' charismatic X and Instagram accounts, nan team's ownership group, Boston Basketball Partners LLC, revealed that it would beryllium trading each of its shares.

Related: Mark Cuban Announces Massive Payout to Mavericks' Employees — Here's How Much

"The controlling family of nan ownership group, aft sizeable thought and soul discussion, has decided to waste nan squad for property and family readying considerations," nan connection read.

A connection from nan Boston Celtics pic.twitter.com/DqArzkGnR5

— Boston Celtics (@celtics) July 1, 2024

The group said that nan company's managing committee plans to person a mostly of nan institution sold by nan extremity of this twelvemonth aliases early next, pinch nan afloat equilibrium expected to adjacent successful 2028.

Wyc Grousbeck will proceed to service arsenic Governor of nan Celtics until nan woody is financially completed successful 2028, aft becoming nan mostly shareholder of nan squad successful 2002 for $360 million.

The Celtics statement did not elaborate further connected nan projected waste aliases prospective buyers.

Boston's beloved team, which has won 18 championships, nan astir successful NBA history, isn't nan only squad successful nan convention that's seen awesome changes successful activity successful caller months.

Related: Mark Cuban Selling Dallas Mavericks to Miriam Adelson

Last year, billionaire Mark Cuban sold his mostly share successful nan Dallas Mavericks to Miriam Adelson, nan widow of billionaire and casino kingpin Sheldon Adelson and nan proprietor of nan Las Vegas Sands Corporation.

The woody was worthy an estimated $4 billion.

The Celtics are presently nan 4th astir valuable NBA squad successful nan league, pinch an estimated valuation of $4.7 billion, per Forbes.

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