Boston Celtics owner puts team up for sale as NBA ownership landscape shifts

Wyc Grousbeck has put the Boston Celtics up for sale, following the team's recent championship win. This decision aligns with a trend in the NBA, where several owners are selling franchises due to rising team valuations and increased revenue. The Celtics' ownership group is exploring potential buyers, with Stephen Pagliuca showing interest. The sale process began last month, and it is expected to conclude early next year. The Celtics could become the ninth NBA team to change ownership since 2019. The sale price is anticipated to be between $4.75 billion and $6 billion, influenced by the team's strong brand and recent media rights deals. However, the lack of a dedicated arena and new league financial regulations may complicate the sale and future operations for the new owner.