Tyler Stearns |
The Boston Celtic's majority owner, Wyc Grousbeck, decided to sell the team only a few weeks after the team won the NBA Finals. There isn't a better time for him to do so, considering they are now the record holders for the most championships in the league's history and are a top-three brand.
Boston is a very historical city and the Celtics resemble some of that history. The founding fathers were closely associated with the Massachusetts capital and the "founding fathers" of the NBA also come from Beantown. The stars of their past like Bill Russell, John Havlicek, and Larry Bird were all influential in the team's dominance from the 1950s to the 1990s. After a short break, the team regained its championship status in 2008 with Rajon Rondo, Paul Pierce, and Kevin Garnett. Since then, the team has seen up and down years, but after drafting Jayson Tatum, they have been in regular title contention. This year, they finally broke through and beat the Dallas Mavericks for their 19th NBA Finals win.
The team is the greatest in NBA history. Now that they have won the championship again, their value has skyrocketed. As stated before, there hasn't better time for Grousbeck to sell his majority stake. He is likely looking at how much the Suns were sold for a few years back ($4 Billion) and expecting to receive a much larger bid. He will likely stay on board as a crucial member of the management team even after he sells. Boston fans shouldn't worry, because this likely won't affect the play of the team. Unlike baseball and soccer, management doesn't have the power to destroy a franchise in the NBA. The salary cap, along with regulatory checks and balances makes ownership have a lessened role in the transactional power of a franchise.
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