Wyc Grousbeck's decision to sell the Boston Celtics comes at a peak time for franchise valuations, aligning with a trend of increasing NBA ownership changes.
After the Celtics' championship win, the timing of the sale reflects a market trend where original owners are cashing out due to soaring team values.
Investors note that with franchise valuations skyrocketing, the current climate is ideal for selling, as many longtime owners are wealthy in assets but short on cash.
Since 2019, the Celtics will mark the ninth NBA team with a change in controlling ownership, indicating a notable shift in the league's ownership landscape.
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