The historic Boston Celtics franchise is reportedly on the brink of a major change, with a majority stake up for sale, according to multiple reports. This news comes after the team’s impressive 2023 season, where they secured their 18th NBA title in franchise history and reached the playoffs as the top seed.
The franchise, valued at $4.7 billion, was purchased in 2002 by an investment group led by Wyc Grousbeck for $360 million. Under their ownership, the Celtics have won two championships and reached the NBA Finals four times. However, with shares owned by the Grousbeck family available for purchase, this marks a potential new era for the historic franchise.
The Celtics’ 18th NBA title broke a tie with the Los Angeles Lakers for most in league history, solidifying their place as one of the most successful franchises in basketball. Their impressive regular season record of 64-18 earned them the top seed in the playoffs and they went on to beat several teams to reach the NBA Finals.
This news will be closely watched by fans and investors alike as it marks a significant moment in Celtics history. The sale of a majority stake in the team will undoubtedly bring about changes and could potentially impact the team’s performance in future seasons.
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