Boston Celtics owners put club up for sale due to family dispute

The owners of the Boston Celtics have put the club up for sale due to a family conflict.

According to Fadeaway World, citing the New York Post, a serious dispute has arisen between the franchise's public figure Wyc Grousbeck and his 90-year-old father, businessman Irving Grousbeck, who holds a controlling interest in the team. The contention revolves around a luxury tax bill amounting to $280 million. The senior Grousbeck is unwilling to incur the financial loss associated with the growing salaries of the team's players, whereas his son is intent on continuing to invest in the roster.

Last season, the Boston Celtics clinched the championship in the National Basketball Association (NBA) by defeating the Dallas Mavericks 4-1 in the final series. Shortly thereafter, the team's stars, Jayson Tatum and Jaylen Brown, signed new five-year contracts with the club. Under the agreement, Tatum will earn $314 million, while Brown secured a $304 million deal.