Tag: steve pagliuca

Might the next majority owner of the Boston Celtics have eyes on building a new arena?

An analyst close to the team thinks it makes a lot of sense.

This past Monday (July 1) was a very busy one for the Boston Celtics, who not only managed to ink star forward Jayson Tatum to the largest contract extension in league history, but extended Derrick White as well to a team-friendly number.

And those tidbits were not even the biggest news of the day, if you can believe it, with the team’s ownership group relating that majority owner Wyc Grousbeck would be selling his shares of the team along with his father. Soon after, it became clear that current minority owners like Steve Pagliuca could get into the bidding for the team, which Pagliuca himself appeared to confirm later in the day with a statement.

But it won’t just be Pags bidding on the Cs, of course, and some analysts close to the team have an idea of who might join the bidding process — and why that could be the case.

“Keep an eye on a casino/resort magnate pursuing Celtics ownership,” wrote Sports Illustrated’s Chris Mannix on social media Monday evening.

“Grousbeck doesn’t own TD Garden, now one of the older (arenas) in the NBA. A new majority owner may want to build a new arena. And when it comes to gambling, Massachusetts is open for business.”

Mannix may have a point, with Boston long having been operating at a disadvantage compared to most teams in the league that own their own arena. And in an era of heavy spenders in the new CBA, every penny may matter when it comes to winning titles.

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Celtics minority owner appears to confirm plans to increase share of team ownership

It is unclear whether Pagliuca will go it alone, or bring in other partners to join him in the bidding process.

After news broke this past Monday (July 1) afternoon of the Boston Celtics’ lead owner Wyc Grousbeck and his father Irv making it known that they plan to sell their shares of the team, a flurry of speculation followed. Reporting from the Boston Globe’s Adam Himmelsbach added some important context in that the team’s minority owners in the team’s ownership group would not be selling and could even add to their share of the team soon after.

And later that day, one of those partners, Celtics co-owner Steve Pagliuca, released a statement that seems to confirm that potentiality. “I am grateful and thankful for the 21-year partnership I have enjoyed with Wyc and Irv Grousbeck, the Epstein family, and all the incredible Celtics investment partners,” wrote Pagliuca on social media.

“It has been a remarkable run that resulted in two NBA Championships for the best and most passionate fans in professional basketball, capped off with an amazing duck boat parade last week in Boston”

“Along with the championships, we are most proud of the growth of our community impact efforts and the dedication of the investor group, coaches, players, and staff to helping community members who are in need,” added the Celtics minority owner.

“Being a co-investor and Managing Partner of the Celtics has been a great honor and a labor of love. I hope to be part of the Celtics moving forward and will be a proud participant in the bidding process that has been announced today.”

It is unclear whether Pagliuca will go it alone, or bring in other partners to join him in the bidding process.

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Celtics co-owner Steve Pagliuca on sports teams as investments

Why would the Boston co-governor want another sports franchise in his portfolio of investments if he already has the Celtics?

When news broke that another popular European football team (that’s soccer to you barbarians) was up for sale, it was no great stretch of the imagination to wonder whether Steve Pagliuca, Boston Celtics co-owner, might be interested in buying the ball club.

That’s because Pagliuca already owns one European football club — Italy’s Atalanta — and has been connected to the sale of several other such clubs in recent years. Why would the Boston co-governor want another sports franchise in his portfolio of investments if he already has the Celtics?

The man himself recently made an appearance on Indian English language news channel WION to explain why he sees sports teams as wise investments, as well as all that goes into such a perspective.

Take a look at the clip embedded above to hear their talk in full.

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On this day: Boston Basketball Partners announce purchase of team

On this day in 2002, Boston Basketball Partners formally announced their purchase of the Boston Celtics from former owner Paul Gaston.

On this day in Boston Celtics history, the Boston Basketball Partners, L.L.C. announced that they had completed the purchase of the Celtics NBA basketball franchise from the previous owners in 2002.

Boston Basketball Partners is an investment firm made up of a managing board comprised of Wyc Grousbeck, H. Irving Grousbeck, Stephen Pagliuca, and The Abbey Group (consisting of Robert Epstein, Paul Edgerley, Glenn Hutchins, and James Pallotta), who together purchased the team from owner Paul Gaston. Previously announced on September 27th that the partners would purchase the team pending NBA approval, the investment group issued a press release formally announcing the transfer of the club.

“We are extremely excited to be a part of the glory and tradition that is the Boston Celtics,” related Managing Partner H. Irving Grousbeck via the Celtics.

Celtics co-owner Steve Pagliuca on Boston’s start to the 2023-24 NBA season

Pagliuca praised the team’s performance early in the NBA’s 2023-24 season and highlighted the leadership of Jrue Holiday.

Steve Pagliuca, co-owner of the Boston Celtics, expressed his excitement about the team’s hot start in an interview with local TV station WCVB Channel 5 Boston in a wide-ranging talk that also touched on his recent trip to Northern Ireland.

Pagliuca praised the team’s performance early in the NBA’s 2023-24 season and highlighted the leadership of Jrue Holiday, noting that Holiday’s contributions go beyond the box score. He also commended the team’s improved defense, emphasizing its importance in the postseason. Pagliuca also mentioned his trip to Belfast, where he had the opportunity to work with children and visit various technology and biotech companies.

To hear what the Celtics co-owner had to say about Boston’s play to start this season (recorded before the first two losses of the season) and what he thinks of the new-look Celtics, take a look at the video embedded below.

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Joe Mazzulla’s Celtics learning from Manchester City’s selflessness

The Boston Celtics head coach is thinking outside the box, as he looks to get his star-studded roster playing a selfless bran of basketball.

Joe Mazzulla clearly recognizes the elite talent on the Boston Celtics roster. The second-year head coach is thinking outside of the box. In a recent interview with The Athletic, Luke Kornet revealed the Celtics have been watching game film of English Premier League soccer team Manchester City. Like the Celtics, Manchester City has a roster full of world-class stars.

Pep Guardiola, City’s head coach, has his team playing an attractive soccer style, where everybody on the pitch shares the ball selflessly. Winning is the only goal. Mazzulla wants his team to learn from City’s selflessness.

“We watched some Man City stuff which was pretty engaging just in terms of how they are connected and moving the ball and just sharing,” Kornet told Jay King. “They play with an energy and life that I think is, yeah, you watch them put it together and it’s a pretty infectious style of play.”

As Adam Himmelsbach reported in November 2022, Mazzulla “religiously” studies soccer to find new ideas and concepts that are translatable to basketball.

Himmelsbach’s reporting was based around film sessions Mazzulla spent with Italian Serie A team Atalanta – a team Celtics co-owner Steve Pagliuca has an ownership share in.

“It was cool,” Mazzulla said of the film session. “We got to watch film of both teams and show, ‘OK, here’s what this looks like as a basketball possession.’ Then we showed some of the differences. It was just fun. It was great continuity, great conversation, great to have that feel. You have two programs that are really trying to achieve something.”
Mazzulla clearly believes in the lessons he can teach by showing footage from other sports. Elite-level teamwork is translatable across all team activities. If the Celtics are going to succeed in their goal of winning a championship, they will have to adopt a similar mindset to that of Manchester City.
Celtics fans can only hope Boston endures a period of success similar to Guardiola’s team, who have dominated European and English soccer in recent years.
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WATCH: Celtics introduce All-Star guard Jrue Holiday with introductory press conference

During his introductory press conference, Jrue Holiday said joining the Boston Celtics was his “best chance of winning.”

It was a memorable summer for the Boston Celtics, with the team ending a busy offseason by acquiring All-Star guard Jrue Holiday just days before training camp. Holiday is an accomplished veteran player and an NBA champion and will look to help Boston contend for a coveted 18th banner.

“I feel like coming here is definitely my best chance of winning,” Holiday said of joining the Celtics during an introductory press conference Wednesday afternoon. Holiday was complimentary of his new club, while Celtics co-Governors Wyc Grousbeck and Steven Pagliuca and team president Brad Stevens returned the favor with their own excitement and admiration for the newest member of the club.

You can check out the entire press conference on YouTube, courtesy of our friends at the CLNS Media Network.

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Spotify: https://spoti.fi/3GfUPFi

YouTube: https://bit.ly/3F9DvjQ

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On this day: Grousbeck, Pagliuca buy Celtics; Bing, Milicic signed

On this day, Wyc Grousbeck, Steve Pagliuca, and partners bought the Boston Celtics, and the team signed Dave Bing and Darko Milicic.

On this day in Boston Celtics history, an investment group headed by Wycliffe K. Grousbeck, of Highland Capital Partners, and Stephen Pagliuca, managing director of Bain Capital, began the process of buying the Boston Celtics from the Gaston family in 2002.

The sale had been announced by Paul Gaston, whose father Donald purchased the team in 1983 for $18 million. Grousbeck, Pagliuca, and partners purchased the team for $360 million 19 years later. Pagliuca and Grousbeck described themselves as lifelong fans of the franchise, and the latter was extremely excited about the purchase of the team.

So much so that he said he felt “like the tooth fairy” had visited him, at the time according to the New York Times’ Fox Butterfield.

Projecting the Boston Celtics’ 2023-24 season part I: Ownership

Deep in the depths of the 2023 offseason, there are still a number of questions about the Boston Celtics in terms of their potential, their weaknesses, their strengths, and what we expect from the team on a more granular level.

Deep in the depths of the 2023 offseason, there are still a number of questions about the Boston Celtics in terms of their potential, their weaknesses, their strengths, and what we expect from the team on a more granular level.

To set out expectations and get a bead on one of the most important seasons in recent Celtics history, the writers at USA TODAY’s Celtics Wire put our heads together to create a four-pronged exploration of Boston and their 2023-24 campaign that will focus on the team’s ownership, front office, players, and prospects for full season awards for the season ahead.

We’ll start off the first installation with Adam Taylor, Cameron Tabatabaie, and Justin Quinn breaking down their expectations of the team’s ownership group as the ball club makes a run on the 2024 title and a league-record 18th banner.

Now a Floridian, Boston Celtics co-owner Steve Pagliuca says why he left Massachusetts

Surprisngly, it wasn’t the taxes — unlike (at least in part) Grant Williams.

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Though it might have been a factor in former Boston Celtics restricted free agent Grant Williams electing to decamp from Boston to the Dallas Mavericks, Massachusetts’ so-called “millionaires’ tax” was not a factor in Celtics co-owner Steven Pagliuca‘s decision to sell his home in the state and  relocate to Florida.

Recently retired from Bain Capital, Pagliuca said “now that I am not coming back and working there, I’m really not living there” in an interview with Boston Business Journal’s Greg Ryan. Still, the Celtics co-owner admitted that taxes are a factor considered by players.

“Generally, punitive tax measures will make it more attractive for higher earners, whether basketball players or not, to go to … lower tax states.”

Of course, Pags admitted the “winters have been fantastic.”

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