Celtics Blog

Wyc Grousbeck: Celtics Received Two Serious Offers to Buy Team in Recent Weeks

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Charles Krupa/AP

With the recent signing of a record-breaking nine-year $24 billion TV deal with Turner Sports and ESPN, NBA franchises continue to be an extremely hot commodity on the sports landscape.

Boston Celtics co-owner Wyc Grousbeck told reporters last month that his team had drawn some interest from interested buyers, but Grousbeck and his partners were not interested in selling.

Despite that declaration, enthusiasm from potential buyers of the team remains high, according to a new story from Kevin Paul Dupont of The Boston Globe.

[Grousbeck and team co-owner Steve Pagliuca] are having such fun being fan/owners, they stressed during an hour long interview at a downtown hotel recently, they have little intention to change much, despite receiving, according to Grousbeck, “two serious offers’’ to sell in the last two weeks…As for the two recent offers to sell, an adamant and more solemn Grousbeck insisted the club is not for sale. He also would not say whether the offers included a dollar amount. “They might, but I don’t want to discuss it,’’ he said. “With all respect . . . sorry.’’

Forbes valued the Celtics at $875 million in January 2014, putting them as the fourth-most valuable franchise in the NBA, according to the magazine’s rankings. Grousbeck and Pagliuca led an ownership group that purchased the team for $360 million in 2002.

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Currently, the Atlanta Hawks are the only franchise in the NBA that is openly searching for new owners. Majority owner Bruce Levenson announced last month he would be selling his stake in the team after the contents of a controversial email he wrote about Hawks fans surfaced.

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