Celtics Owner Wyc Grousbeck Reportedly Set to Sell Majority Stake After 2024 Title Win

The Boston Celtics are on top of the basketball world, and their owner, Wyc Grousbeck, might be ready to cash in on their success. According to a recent report from , Grousbeck is planning to sell his majority stake in the team after the conclusion of the 2023-24 season, potentially following a championship victory.

The report cites sources close to the situation, suggesting that Grousbeck, who has owned the Celtics since 2002, is looking to transition to a more advisory role in the organization. This decision, fueled by the team’s recent resurgence, could be a savvy move for the 66-year-old.

The Numbers Speak for Themselves:

• The Celtics have secured a Finals appearance in 2022 and have consistently been one of the NBA’s top teams since Brad Stevens took over as head coach in 2013.

• Under Grousbeck’s ownership, the Celtics have made a significant return on investment. The team’s value has skyrocketed, with Forbes estimating the franchise’s worth at over $4 billion in 2023.

• Grousbeck’s potential exit could signal a lucrative opportunity for potential buyers, who would be acquiring a championship-caliber team with a strong brand and dedicated fanbase.

The Future of the Celtics:

While Grousbeck’s departure might seem sudden, it is likely a strategic move for a seasoned owner. The Celtics are in a prime position for sustained success with their current core of stars and a solid coaching staff.

The report suggests that Grousbeck is committed to finding a suitable buyer who prioritizes the long-term success of the team and its fan base. This ensures a smooth transition and a bright future for the Celtics, even as they enter a new chapter in their ownership.

Keep an eye on the Celtics throughout the 2023-24 season:

This potential sale is a story worth following, with implications that extend beyond just the Celtics. It could signal a trend of ownership shifts in the NBA, driven by successful teams and lucrative valuations. As the Celtics chase another title, this could be the last season under Grousbeck’s ownership, marking the end of an era and the beginning of a potentially exciting new one.