A champion for sale: the price of the Celtics could exceed 5 billion dollars

The reigning champions and most successful team in NBA history are now looking for an owner.

Wyc Grousbeck Boston Celtics
Boston Celtics Victory Event & Parade Wyc Grousbeck, el principal accionista de los Boston Celtics, luce el trofeo Larry O'Brien como campeones 2023-2024 de la NBA en el desfile de celebración realizado el pasado 21 de junio en la ciudad de Massachusetts. (Billie Weiss/Getty Images)

Less than a month after being consecrated as the new champions and the most successful team in the history of the National Basketball Association (NBA), once again the Boston Celtics are on everyone’s lips among American basketball fans and undoubtedly, in the global sports scene, as it was announced this Monday, July 1st, that the team owners have made the decisive decision to put the franchise up for sale.


It is common knowledge that the prices of the teams in the best basketball league in the world are among the highest in all global sports disciplines, however, in the last decade there has been a marked trend of increase in values, as exemplified by the Phoenix Suns, a team acquired last February 2023 by businessman Mat Ishbaia, for the enormous amount of 4 billion dollars.


The Celtics, being one of the most popular NBA teams, with 18 championships to surpass their arch-rival, the Los Angeles Lakers, and also having a solid base of players with a mix of experience and youth that would allow them to remain at the top of the sports world, at least in the next 5 years, make their cost potentially exceed current economic figures and set a historic monetary precedent.

Boston Celtics
Boston Celtics BOSTON, MASSACHUSETTS - JUNE 17: Jaylen Brown #7 of the Boston Celtics holds up the Larry O’Brien Championship Trophy after Boston's 106-88 win against the Dallas Mavericks in Game Five of the 2024 NBA Finals at TD Garden on June 17, 2024 in Boston, Massachusetts. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Adam Glanzman/Getty Images) (Adam Glanzman/Getty Images)

More than 5 billion dollars

Wycliffe "Wyc" Grousbeck and Steve Pagliuca are the creators of the Boston Basketball Partners L.L.C group, who in 2002 bought the team from the capital of the state of Massachusetts for 360 million dollars. During their tenure, the team achieved glory on two occasions: in 2008 against the Lakers, and now in 2024, by defeating Luka Docic's Dallas Mavericks.

According to the New York Times, the amount aspired to acquire the Celtics rounds between 4.7 billion and a little over 5 billion dollars.

Regarding the details, it was revealed that the sale would take place over 4 years and in 2 parts: the first payment in early 2025 and the second part in 2028. A key detail: Grousbeck will remain as the owner until the full payment is made.


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