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An Iconic Sports Franchise Is for Sale

By John Johnson

An Iconic Sports Franchise Is for Sale

The majority owners of the Boston Celtics are celebrating the team's latest championship by putting the Celtics on the market. Shares owned by a group led by entrepreneur Wyc Grousbeck are now for sale, reports WCVB. Grousbeck's group paid $360 million for a majority stake in the team back in 2002, but buyers today better be prepared for a much higher price. ESPN notes that controlling shares in the Phoenix Suns, Milwaukee Bucks, and Dallas Mavericks have gone for $4 billion, $3.5 billion, and $3.5 billion, respectively, in the last two years.

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