Celtics ownership group planning to sell team - The Boston Globe

Wyc Grousbeck is planning to put his stake in the Celtics up for sale.Kayla Bartkowski For The Boston Globe

Celtics majority owner Wyc Grousbeck made it clear for years that he was relentlessly focused on winning the franchise’s 18th world championship, an NBA record. That goal was accomplished last month as Boston steamrolled through the playoffs following a 64-win regular season, but now that Grousbeck’s mission has been completed, he could soon be moving on.

According to a league source, Grousbeck and his family are planning to explore a sale of their majority stake in the franchise, which was purchased in 2002, primarily for estate planning purposes. A league source said that some other members of the ownership group are expected to retain their stakes.

There is a chance that some remaining owners could eventually seek to add to their stakes.

Boston Basketball Partners, the investment group led by Grousbeck, purchased the Celtics for $360 million in 2002. Forbes recently valued the franchise at about $4.7 billion. Former Bain Capital co-chairman Steve Pagliuca and Abbey Group co-founder Robert Epstein are also prominent members of the investment group.

The Celtics confirmed Grousbeck’s intention to sell in a release.

“The managing board of the ownership group expects to sell a majority interest in 2024 or early 2025, with the balance closing in 2028, and expects Wyc Grousbeck to remain as the Governor of the team until the second closing in 2028,” the team said.

This story will be updated.

Adam Himmelsbach can be reached at adam.himmelsbach@globe.com. Follow him @adamhimmelsbach.

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