{"id":71733,"date":"2024-07-01T21:00:20","date_gmt":"2024-07-01T21:00:20","guid":{"rendered":"http:\/\/guid_108000443"},"modified":"2024-07-01T21:00:20","modified_gmt":"2024-07-01T21:00:20","slug":"boston-celtics-majority-owner-puts-team-up-for-sale-weeks-after-nba-championship","status":"publish","type":"post","link":"https:\/\/wp.timesamerica.net\/boston-celtics-majority-owner-puts-team-up-for-sale-weeks-after-nba-championship\/","title":{"rendered":"Boston Celtics’ majority owner puts team up for sale weeks after NBA championship"},"content":{"rendered":"\n
<\/span><\/p>\n The 2024 National Basketball Association champions are up for sale.<\/p>\n The Boston Celtics’ ownership group announced Monday that it plans to sell the team, according to a statement<\/span> posted to the Celtics’ account on social media site X.<\/p>\n The controlling family of the ownership group, Boston Basketball Partners LLC, said it intends to sell all of its shares in the team “for estate and family planning consideration.”<\/p>\n The sale of a majority stake is expected to be completed by the end of 2024 or early 2025, with the remainder of the sale closing in 2028, according to the statement.<\/p>\n As sports franchise valuations soar, the Celtics could fetch a particularly high price. The team is among the most successful and most widely followed in U.S. professional sports, and won its NBA record 18th championship last month.<\/p>\n This, plus the soaring cost of sports media rights, will likely lead to a valuation close to \u2014 if not more than \u2014 the record $4 billion price tag the NBA’s Phoenix Suns received in 2023, sports consultants said Monday.<\/p>\n<\/div>\n