Boston Celtics ownership change
The majority owners of the Boston Celtics, led by Wyc Grousbeck, are planning to sell a majority interest in the team. The team's value has skyrocketed since it was purchased in 2002, with recent NBA team sales going for billions of dollars. The Celtics are a historic franchise with 18 NBA titles and have been successful under the current ownership.
Key Points
- Boston Celtics majority ownership group led by Wyc Grousbeck planning to sell majority interest in the team
- Franchise value has increased significantly since the purchase in 2002
- Recent NBA team sales have set high benchmarks with billions of dollars involved
- Celtics are a historic franchise with 18 NBA titles and recent on-court success
Pros
- Potential for new ownership to bring fresh ideas and investments to the team
- Current ownership has been successful in terms of team performance and value growth
Cons
- Change in ownership may bring uncertainty about the team's future direction