Irv and Wyc Grousbeck have been part of the ownership group of the Boston Celtics since the team was acquired by the Boston Basketball Partners in 2002.
As the elder Grousbeck approaches his 90th birthday, the father-son duo is making plans to transition ownership for estate and family planning reasons.
Wyc Grousbeck will remain as the governor of the Celtics until the end of the 2028 season, aiming to lead the team to another championship.
However, it is expected that the majority ownership stake will be sold by early 2025, leaving Celtics fans wondering about the future leadership of the team.
Speculation has arisen that Amazon founder Jeff Bezos could be a potential buyer for the Celtics, given his financial power and previous interest in sports franchises.
Here are the details surrounding the rumors linking Bezos to the Celtics.
Will Jeff Bezos Acquire the Celtics?
Reports indicate that Jeff Bezos currently has no intentions of bidding on the Boston Celtics, despite speculation suggesting otherwise.
However, there has been talk within the sports community about the possibility of Bezos being a potential suitor for the team.
Given the Celtics’ significant salary commitments for the coming seasons, having a wealthy owner like Bezos could be advantageous for the team.
Furthermore, Bezos’s resources could potentially facilitate the construction of a basketball-specific arena for the Celtics.
While Bezos may not have a lifelong connection to the Celtics like Wyc Grousbeck, his financial capabilities make him an attractive option for ownership.
Estimated Cost of the Celtics
The Celtics are projected to sell for around $6 billion, a figure that the NBA is aiming to achieve to set a precedent for future expansion teams.
If Bezos were to purchase the Celtics, he would be eligible for a portion of the funds allocated to NBA owners as part of the expansion process.
With his substantial net worth, Bezos could potentially become the wealthiest owner in the NBA, surpassing current top owner Steve Ballmer.
Jeff Bezos’s Financial Standing
As of the latest update, Jeff Bezos has a net worth of $195.6 billion, making him one of the wealthiest individuals globally.
Should Bezos decide to invest in an NBA team, his financial resources would significantly impact the league and potentially aid in the expansion process.