Wyc Grousbeck Reacts to Possibility of Selling Boston Celtics

Wyc Grousbeck isn't tempted by the Boston Celtics' rising monetary value.

Bill Streicher-USA TODAY Sports

Boston Celtics owner Wyc Grousbeck purchased the franchise for $360 million in 2002. In addition to being a majority owner, Grousbeck serves as governor of the Celtics.

Over the past two decades, the value of NBA franchises has significantly increased. This week, Michael Jordan sold his stock in the Charlotte Hornets for roughly $3 billion.

Adam Himmelsbach of The Boston Globe asked Grousbeck about his long-term involvement with the Celtics.

"No thought of selling the team,” said Grousbeck. “I did this for love and for Celtic pride, not for any price tags. Period."

According to a 2022 report by Forbes, the Celtics' estimated value is approximately $4 billion, making them the fifth most valuable franchise in the NBA.

Next season, the Massachusetts native will be in pursuit of his second NBA championship. Boston’s anticipated lineup features Jayson Tatum, Jaylen Brown, and Kristaps Porzingis. 

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