Celtics expected to break NBA franchise sale record price NBC4 Washington [Video]

The Boston Celtics are for sale, and CNBC senior sports reporter Michael Ozanian expects the defending NBA champions to go for a record price.

Boston Basketball Partners LLC, led by Wyc Grousbeck, announced the intent to sell a majority stake of the Celtics soon after the championship parade this summer. Their press release suggested a sale by the end of 2024 or early 2025, but no real progress has been reported on the price of the franchise.

Ozanian, in an exclusive interview with NBCU Local, shared his thoughts on how the situation could play out.

“Well, I think what’s interesting about this is that the current owner, Wyc Grousbeck, has said that the sale is going to happen over a few years,” Ozanian said. “So, I think if it were to happen over three-to-four years, that’s an advantage toward getting a higher price because the group buying the team is not going to have to put down all the money …