RealGM

The decision by the Grousbeck family to sell the Boston Celtics was initiated by Irving Grousbeck's concerns over the franchise's increasing payroll obligations, sources tell the New York Post.

Irving Grousbeck owns a controlling interest of approximately 20 percent of the Celtics, while Wyc Grousbeck is the franchise's governor. Wyc Grousbeck owns approximately three precent of the franchise. 

The Celtics barely broke even during the 23-24 season when they won the NBA championship. Boston expects to lose approximately $80 million during the 24-25 season due to luxury tax fines, according to a source close to the sale process. That figure is expected to increase even further in 25-26.

“That’s what happens when dad puts in most of the money,” one of the sources said.

“Wyc says we’ll spend whatever it takes, but dad wasn’t into losing money,” another source said.

Wyc Grousbeck has maintained that the sale is for estate considerations and not related to financial losses. 

Via Josh Kosman, Brian Lewis/New York Post

Curious if the new owner breaks the team up. These business dudes do not care about winning championships they trying to be profitable.

dubbmotta wrote:Curious if the new owner breaks the team up. These business dudes do not care about winning championships they trying to be profitable.

Quite the opposite

Look at Balmer and Ishbia paying anything to bet on injured vets for a miniscule chance to have 1 run at 1 vanity title

If someone is buying this team, they're buying it with the understanding that these max contracts will be almost impossible to move for value (because of the apron rules around taking back money)

Esp if it's someone like Bezos, I'd argue MORE likely to keep the team together now that (comparatively) poor Wyc Groesbeck is out

a 90 year old billionaire worrying about spending $80M a year to be the owner of the most successful basketball team in the world.

donemilio21 wrote:a 90 year old billionaire worrying about spending $80M a year to be the owner of the most successful basketball team in the world.

says the guy who bitches about paying a $70 speeding ticket when he drives a $20,000 car

beefman wrote:

donemilio21 wrote:a 90 year old billionaire worrying about spending $80M a year to be the owner of the most successful basketball team in the world.

says the guy who bitches about paying a $70 speeding ticket when he drives a $20,000 car

Except he’s not selling the car to make sure it never happens again.