The Boston Celtics, one of the most iconic franchises in professional sports, are planning to make a significant change in ownership. The current majority ownership group, led by Wyc Grousbeck, is considering selling a “majority interest” in the team, with the expectation that this will happen either this year or early next year. This decision comes after the recent trend of skyrocketing franchise valuations in the NBA, as seen with the sales of other teams like the Phoenix Suns, Milwaukee Bucks, and Dallas Mavericks for billions of dollars.
Since the Grousbeck-led group Boston Basketball Partners took over ownership of the Celtics in 2002, the team has experienced a period of success on the court. With two NBA championships, including the most recent victory over the Mavericks in the NBA Finals, and two other appearances in the Finals, the Celtics have consistently been among the league’s top teams. They have achieved impressive regular-season and playoff records, solidifying their status as a powerhouse in the NBA.
In addition to their success on the court, the Celtics are also focused on securing the future of their key players. Recent reports indicate that the team has agreed to a four-year, $125.9 million extension with Derrick White. Furthermore, there are expectations for the Celtics to sign Jayson Tatum to a record-breaking five-year, $314 million extension this summer. This move would solidify Tatum as a cornerstone of the team and make him the recipient of the largest contract in NBA history.
The Celtics’ recent performance in the playoffs has been exceptional, with a record of 16-3 and a winning percentage that ranks second in NBA postseason history since the playoffs expanded to four seven-game series. This impressive run has showcased the team’s ability to excel under pressure and perform at the highest level when it matters most. The core players, along with the coaching staff and management, have been instrumental in achieving such remarkable success in the postseason.
The Boston Celtics are at a pivotal moment in their ownership history, with the potential sale of a majority interest in the team looming on the horizon. Despite this potential change, the team’s success on the court and commitment to securing the future of their key players demonstrate a dedication to maintaining their competitive edge in the NBA. As the franchise looks towards the future, fans can expect to see continued excellence from the Celtics both on and off the court.
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