The Boston Celtics, fresh off their 18th NBA championship, face ownership turmoil as Wyc Grousbeck plans a long-term sale of the team by 2028. Conflicts have arisen between Wyc and his father, Irv Grousbeck, primarily over the team's costly payroll and future financial outlook. Reports indicate that the Celtics, already amongst the most expensive teams in the league, could incur losses of around $80 million next season despite recent success. This internal rift stems from disagreements over financing the team's expansion under Wyc's management, leading to a push for his exit from ownership.

By the Numbers
  • The Celtics' payroll is projected to reach approximately $500 million next season.
  • Next season, the team is set to lose roughly $80 million.
Yes, But

While Wyc’s aggressive spending brought a championship, Irv's concerns reflect a fundamental tension between ambition and financial sustainability, raising questions about the future direction of the franchise.

State of Play
  • The Grousbecks are in talks about the team's sale, citing long-term family financial planning.
  • Wyc Grousbeck controls roughly a 3% share, leading to tensions over financial decisions with Irv, who holds a 20% stake.
What's Next

The Celtics are poised for a transition in ownership, which could reshape the organization's financial strategies and long-term vision in the coming years.

Bottom Line

The ownership drama underscores the delicate balance between maintaining competitive excellence and addressing financial realities, ultimately changing how the Celtics are run in the future.