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In an interview a few weeks after winning the 18th NBA title in history, Boston Celticsthe majority owner Wyck Grousbeck had defined the decision Of sell its own share “a family decision“. Today the NY Post reports on “tensions” within the Grousbeck family on the “dizzying” expenses of the team’s Saraly cap for the next few years.
It would have been the 90enne Irving Grousbeckfather of Wyc and founder of the group, to ask the son to sell The Celtics once they learned how much the spending to afford the current roster for the next few seasons. Irving Grousbeck now owns a 20% majority stake in the team, the Celtics will pay this season approximately $201 million in salaries and $226 million projected for next season2025-26, which means two years beyond the second tax apron and with a record luxury tax. Between the salary cap and the luxury tax, the Celtics could shell out over $500 million in 2025-26.
After winning the 2024 title, Jayson Tatum signed what is now the richest contract ever received by an NBA player at $315 million for 5 years. Derrick White has renewed for 4 years and 118 million dollars, and during the current season also Jrue Holiday He got a contract extension, worth 4 years and $134 million in total. In free agency 2023 Jaylen Brown had signed a new contract worth a total of 304 million.
Wyck Grousbeck ha answered with a statement to the NY Post revelations, denying them: “The Grousbeck family will sell Celtics for family and estate planning reasons. Claiming that the sale is due to financial losses is absolutely incorrect“. But how much would the Boston Celtics be worth if they were sold? Today the value of the franchise is estimated between 5 and 6 billion dollarsa figure which could however have an impact on the case of TD GardenThe arena is not owned by the team and is one of the older facilities, opened in 1995.
The Grousbecks plan to complete the sale by 2026among those interested there would be the holding Fenway Sports Group which already controls the Boston Red Sox and Liverpool FC (and of which LeBron James is also a partner), the current minority owner of the Celtics Steve Pagliuca but no Jeff Bezoswhose name had been brought up in recent weeks.