NBA rumors: Celtics’ expected $6 Billion sale gets an eye-opening update

The Grousbeck family’s $6 billion sale of the Celtics could prove record-breaking.

The Boston Celtics, one of the most dominant teams in the NBA, could make history with a potential sale that could hit $6 billion. That’s a major jump from the $360 million the Grousbeck family paid back in 2002. After announcing last year that they’d be selling the team, the family is moving forward with the sale for personal and family planning reasons. The plan is to sell 51% now, and the remaining 49% will be passed on by 2028.

The Grousbeck family is expecting about four to five potential buyers to show interest in the Celtics’ sale, with Steve Pagliuca, one of the team’s co-owners, among the bidders. The Celtics are looking to shortlist two candidates by early 2025. Current team governor Wyc Grousbeck will stay on until the sale is complete, as long as the new owners have no problem with it.

The Celtics’ value has been pegged anywhere from $5.66 billion to $6 billion, according to reports. If they land at the higher end, that would break the record for the most expensive sports team sale ever in the U.S. However, there are financial challenges. The team faced an $80 million loss last season due to luxury tax penalties, and their TD Garden lease means they can’t maximize revenue like other teams might.

Nevertheless, the Celtics have been incredibly successful under the Grousbecks, winning the most championships of any team with 18, making it to the Finals four times, and making nine Eastern Conference Finals trips since 2002. Last season, they turned heads with a 64-18 record and dominated the playoffs on their way to a championship. Jayson Tatum, Jaylen Brown, and Jrue Holiday, among others, all played their part in that success.

The Celtics are the second seed in the Eastern Conference with a 30-13 record this season. If they stick with their core next season, they’re looking at a $500 million-plus payroll and luxury tax, something the NBA’s never seen before.

Related Posts

🧨 BIG MOVE REVEAL: All eyeѕ are on Rob Pelіnka aѕ Lakerѕ іnѕіderѕ hіnt the only рath to a blockbuѕter trade demandѕ a рaіnful conceѕѕіon, one that could redefіne the roѕter. The UPDATE haѕ fanѕ buzzіng wіth antіcірatіon, wonderіng іf thіѕ turnіng рoіnt wіll fіnally reѕhaрe the franchіѕe’ѕ deѕtіny.

A blockbuѕter trade wіll requіre the Lakerѕ to gіve uр LeBron Jameѕ or Auѕtіn Reaveѕ—and there’ѕ no way around іt. Mіnneѕota Tіmberwolveѕ v Loѕ Angeleѕ Lakerѕ –…

OFFICIAL WORD: An NBA executive has REVEALED the real reason Pat Riley won’t greenlight a Lakers trade, with INSIDE chatter hinting at hidden motives that could shake up the balance of power. Fans are left stunned as CONFIRM details remain locked behind closed doors

NBA executіve Revealѕ Why рat Rіley Won’t Make Lakerѕ Trade MіAMі, FLORіDA – OCTOBeR 23: рat Rіley ѕрeakѕ durіng a ceremony celebratіng hіѕ court dedіcatіon at Kaѕeya…

RIPPLE EFFECT: Fred VanVleet’s devastating injury has shaken the league, and INSIDE whispers suggest the fallout could land hardest on the Lakers’ doorstep. LEAKED chatter hints this setback may reshape playoff dynamics in ways no one expected

Devaѕtatіng VanVleet іnjury ѕendѕ rіррle effect ѕtraіght to Lakerѕ’ doorѕteр The Houѕton Rocketѕ’ ѕtartіng рoіnt guard tore hіѕ ACL, and the Loѕ Angeleѕ Lakerѕ are feelіng іt…

⚡⚡⚡ALERT: KUMINGA TRADE SHOCK — Warriors’ owner said no to including Jonathan Kuminga in a blockbuster trade, insiders warn this surprising move could spark locker room tension, and fans are buzzing over how this might reshape Golden State’s championship hopes.

The ongoing negotiations between the Golden State Warriors and restricted free agent Jonathan Kuminga have yet to reach a conclusion. Warriors owner Joe Lacob reportedly posed the…

🚨🚨🚨PANIC: WARRIORS TRADE CHAOS — The Warriors’ flat-out trade denial could explode into a shocking twist if a rival team swoops in on their star forward, insiders warn this unexpected move might trigger a domino effect across the roster, and fans are buzzing over whether this shake-up could derail Golden State’s championship hopes.

While Jonathan Kuminga has dominated headlines surrounding the Golden State Warriors this offseason, it was Lauri Markkanen taking up that role just over a year

🔥🔥🔥BREAKING: JALEN SMITH’S CLEAR PATH — Jalen Smith is finally carving out his role with consistent minutes, insiders note his performance in practice and preseason is making the decision obvious, and fans are buzzing about how his emergence could reshape the team’s rotation this season.

The Chicago Bulls signed Jalen Smith, coming off his best professional season, but he failed to meet expectations in his first season in Chicago.