Prospective buyers question $6 billion valuation of Celtics
Potential buyers are showing hesitation over the Boston Celtics’ $6 billion asking price, according to John Kosman of New York Post. The team’s soaring payroll has reportedly caused tension within the Grousbeck family.
Irving Grousbeck, who owns a controlling 20% stake, is reportedly reluctant to bear further financial losses. Wyc Grousbeck, his son, orchestrated a high-cost roster to secure the Celtics’ 18th NBA championship.
Following the championship, Wyc Grousbeck put the team up for sale.
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