Boston Celtics' Ownership Announces Plans to Sell Team

Boston Celtics' Ownership Announces Plans to Sell Team

The Boston Celtics are up for sale. 

Fresh off the team's 2024 NBA championship, the following announcement was made on Monday:

"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. 

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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."

READ: Celtics Win 18th NBA Championship: The Rhode Island Connections