BREAKING NEWS: Boston Celtics Sold for Record-Breaking Sale in NBA History…
The Boston Celtics could potentially be sold for a record-breaking price in NBA history. If the franchise is sold in the near future, it may command the highest sale price ever for an NBA team, possibly surpassing the current record of $4 billion, set by Mat Ishbia’s purchase of the Phoenix Suns. ESPN suggests that this could reshape the market and has influenced the NBA’s decision to delay expansion until after the sale.
The Celtics are currently owned by the Grousbeck family, who are reportedly considering selling the team due to rising payroll costs, particularly after signing expensive contracts with stars Jaylen Brown and Jayson Tatum. With the team’s payroll projected to reach $500 million by the 2025-26 season, the Grousbecks are expected to start the sale process within the next couple of years, with a possible price tag of $5 billion or more.
There are concerns about whether new ownership will continue the Grousbeck family’s strategy of paying hefty luxury taxes to maintain a competitive roster. The current ownership group has invested heavily in player salaries, but this approach may not be financially sustainable for the long term. The Celtics are favorites for another championship next season, but future roster changes and the direction taken by new ownership will shape the team’s prospects beyond that.
