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Boston Celtics' majority owner puts team up for sale after winning NBA title. Lillian Rizzo, CNBC and Jessica Golden, CNBC. Updated July 1, 2024 at 6:53 PM. The NBA champions are up for sale.
Boston Basketball Partners L.L.C. is an American local private investment group formed to purchase the Boston Celtics of the National Basketball Association (NBA). [1]The executive committee consists of the four members of the managing board, Wyc Grousbeck, H. Irving Grousbeck, Stephen Pagliuca and The Abbey Group, represented by Robert Epstein with the additions of Paul Edgerley, Glenn ...
In 1983 the Celtics were swept in the playoffs (a first for the franchise) by the Milwaukee Bucks; [67] afterwards, Fitch resigned and the team was sold to new owners led by Don Gaston. [ 68 ] In 1983–84 , the Celtics under new coach K. C. Jones would go 62–20 and return to the NBA Finals after a three-year hiatus. [ 69 ]
The pending sale of the Boston Celtics is starting to pick up steam and could be a monumental shift not just for the Celtics, but for the entire NBA. It would be a pivot point for the storied ...
The franchise, which Forbes valued at $4.7 billion in 2023, was purchased by an investment group led by Grousbeck in 2002 for $360 million. The Celtics have won two championships and reached the ...
The sale was rejected by the NBA as a result of conflict of interest concerns due to fellow National General directors Sam Schulman and Eugene V. Klein owning the Seattle SuperSonics. [10] Levin and Lipton were forced to sell their shares to Robert Schmertz that May for $3.95 Million with an option for the two to repurchase half of the Celtics ...
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