Weeks after winning the NBA championship, the Boston Celtics will go up for sale.

In a statement, the Celtics stated that the deal is anticipated to be finalized by 2028 and agreed upon by late 2024 or early 2025.

The ownership group of the Boston Celtics is listing the team for sale, just two weeks after the team celebrated winning its 18th championship in franchise history on the TD Garden floor and ten days after partying in the city’s streets in front of over a million spectators during the championship parade.

The ownership group, headed by majority owner Wyc Grousbeck, intends to make a majority stake in the organization available, according to a report from ESPN’s Adrian Wojnarowksi on Monday afternoon.

Shortly after Wojnarowski revealed the information, the Celtics released a statement stating that “after considerable thought and internal discussion, has decided to sell the team for estate and family planning considerations.”

This is the controlling family of the ownership group, which is the Grousbeck majority group.

Reportedly, a few minority owners want to hold onto their ownership stakes in the team.

“The managing board of the ownership group expects to sell a majority interest in 2024 or early 2025, with the balance closing in 2028, and expects Wyc Grousbeck to remain as governor of the team until the closing in 2028,” read the statement.

For an estimated $360 million in 2002, Grousbeck, Steve Pagliuca, and the majority of the current ownership group purchased the team. The team’s current estimated net worth exceeds $4 billion.

Only a few days have passed since the Celtics captured their first world championship since 2008 and their record 18th NBA crown.

Additionally, it happened after Grousbeck declared he would be “paid in parades” despite owning a team with an exorbitant payroll and luxury tax burden.

Guard Derrick White reportedly agreed to a $126 million, four-year deal extension only minutes before the sale was made public. Jayson Tatum allegedly consented in principle to a $315 million NBA record contract extension a few hours later.

With those deals, along with the most recent extensions for Jaylen Brown, Jrue Holiday, and Kristaps Porzingis, the Celtics will soon have five players making at least $30 million annually.

In less than two years, their payroll, including taxes and penalties, could reach almost $600 million.

Over the course of the previous calendar year, the anticipated playoff starting five—Brown, Tatum, Holiday, Porzingis, and White—have collectively agreed to sign $939 million in contract extensions.

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