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BOSTON (AP) — The ownership group that controls the reigning NBA champion Boston Celtics says it intends to sell all its shares of team.
In a statement released Monday, Boston Basketball Partners LLC said it intends to sell the majority interest of the team in 2024 or early 2025. The balance of its shares would then close in 2028.
Wyc Grousbeck, whose family leads the ownership group, is expected to remain the team’s NBA governor until the sale is complete.
“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 statement said.
The Celtics defeated the Dallas Mavericks in the NBA Finals last month to capture the franchise's 18th championship.
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AP NBA: https://apnews.com/hub/nba