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The most lucrative sale of an NBA team came
when Mat Ishbia bought the Phoenix Suns for $4 billion. But if
Grousbeck wants to aim even higher, the record for all North
American sports teams is $6.05 billion, which is what Josh
Harris and his group of investors paid to purchase the
Washington Commanders last year.
"I haven't thought much about (it) going forward, but I am a
competitive guy -- why not?" Grousbeck said of shooting for a
record. "I mean, if you're going to keep score, keep score on
everything."
Forbes' most recent list of NBA teams' valuations pegged the
Celtics as the fourth-most valuable franchise in the league at
$4.7 billion, behind only the Golden State Warriors, New York
Knicks and Los Angeles Lakers.
Grousbeck confirmed he plans to sell the team in two stages,
first by offloading the 51 percent majority share controlled by
his family. The second stage would feature the sale of the other
49 percent held by minority partners, though one minority owner,
Steve Pagliuca, has announced that he is interested in bidding
for a majority stake.
Grousbeck, a 63-year-old Massachusetts native, plans to serve as
the Celtics' governor until 2028.
--Field Level Media [© 2024 Thomson Reuters. All rights
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