Celtics Blog

Wyc Grousbeck Says Celtics Have Heard From Potential Buyers, But Team is Not for Sale


DEDHAM --- The value of NBA franchises has been a hot topic in the sports world after Donald Sterling sold the Los Angeles Clippers to former Microsoft CEO Steve Ballmer for a staggering $2 billion earlier this summer.

A new TV rights agreement between the league and its media partners is expected in the next month, which should only increase the worth of teams around the NBA such as the Boston Celtics.

So with team values nearing an all-time high, has there been any interest by prospective buyers in the Celtics?

“I was just on the phone with somebody who wanted to try to buy the Celtics five minutes ago,” Grousbeck said Tuesday before hitting the links in the seventh annual Shamrock Foundation golf tournament at Dedham Country and Polo Club. “But it was a quick conversation because the team’s not for sale.”

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 Steve Pagliuca led an ownership group that purchased the team for $360 million in 2002.

Atlanta Hawks majority owner Bruce Levenson just put his majority stake in the team on the open market following the discovery of a controversial email he wrote about the team's fanbase back in 2012.

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