ESPN: Boston Celtics To Be Put Up For Sale For Five Billion Dollars

Marina Magomedova
03 Jul 2024
12:06
ESPN: Boston Celtics To Be Put Up For Sale For Five Billion Dollars

American entrepreneur and owner of the NBA's Boston Celtics Wyc Grousbeck intends to put the franchise up for sale, as reported by ESPN.

The management board led by the 63-year-old Grousbeckplans to sell a majority stake in the club by 2024 or early 2025. According to Sportico's estimates, the sale of the Celtics could fetch Grousbeckmore than five billion dollars, setting a new record for NBA franchises. Previously, the Phoenix Suns were acquired for four billion dollars by American billionaire Mat Ishbia.

Following the NBA 2023/2024 playoffs, Boston clinched the title by defeating the Dallas Mavericks (4-1). This victory marked the Celtics' eighteenth championship in the club's history. On July 2, the largest contract in league history was signed by Celtics' small forward Jayson Tatum ($315 million over a new five-year deal).

LeBron Ready To Take A Pay Cut To Get Lakers To Sign Another Star Player
LeBron Ready To Take A Pay Cut To Get Lakers To Sign Another Star Player
Lakers Draft 19-Year-Old Son Of LeBron James
Lakers Draft 19-Year-Old Son Of LeBron James
ESPN: LeBron James Can Sign New Three-Year Contract With Lakers
ESPN: LeBron James Can Sign New Three-Year Contract With Lakers
Follow Telecom Asia Sport!
Comments
No Comments Yet! Be the first to share what you think!
This website uses cookies
This provides customers with a personalized experience and increases the efficiency of visiting the site, allowing us to provide the most efficient service. By using the website and accepting the terms of the policy, you consent to the use of cookies in accordance with the terms of this policy.