Tag: Wyc Grousbeck

Boston Celtics majority owner Wyc Grousbeck remembers Bill Russell’s ‘joyous laugh’

Grousbeck reflected on Russell’s infectious laugh and sense of humor in remembering the Celtics giant.

Boston Celtics majority owner Wyc Grousbeck was among the lucky who was able to work with Boston Hall of Fame big man Bill Russell in the years before he passed through their connection via the Celtics organization.

“He was all-in on everything, including laughter and having fun and poking fun and smiling and just enjoying life and trying to make things better,” shared the team governor of his experiences with Russell over the years in an interview with local TV station WCVB Channel 5 Boston that aired in the wake of news of the Celtics great’s passing on this past Sunday.

It is more than understandable to turn to the USF product’s legendary status in the league with his 11 titles, 13 All-Star nods, and 5 MVPs awards. Or his historic activism in the US Civil Rights movements of the 1960s. But Grousbeck’s memory of his person is just as important.

Watch the clip embedded above for the full interview from the Celtics co-governor.

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Boston Celtics retain multiple companies to assist in franchise’s sale

The Boston Celtics have retained the world-leading companies to assist in the sale of the franchise.

The Boston Celtics have reportedly retained the services of JPMorgan Chase and BDT and MSD to help facilitate the sale of the franchise. The Grousbeck family put the team up for sale shortly after the Celtics secured the 18th championship banner in franchise history. According to Sportico, the team is valued at $5.12 billion, making them the fourth-most expensive team in the NBA.

The Grousbeck family is expected to take their time in both finding and vetting a potential buyer, with Wyc Grousbeck expected to stay on in the front office until 2028 to help with the transition of power. Currently, there have been no potentially interested buyers made public.

Whoever decides to purchase the Celtics will inherit a roster capable of contending for the next five or six years. However, they will also be absorbing a significant luxury tax bill and will instantly acquire a team that is deep into the second apron.

Boston is unlikely to be sold in the very near future. However, by retaining the services of JPMorgan Chase and BDT and MSD, the front office will have some of the best minds in the business working to find a buyer and get a deal over the line.

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The Boston Celtics roster is worth the incredible price tag

Despite being one of the more expensive rosters in the NBA, the Boston Celtics are right to lock their core down for the future.

As a second-apron luxury tax team, the Boston Celtics roster projects to be one of the more expensive in the NBA. President of Basketball Operations, Brad Stevens, has spent the off-season locking down multiple players to long-term deals. As such, the cost of the roster is only going to continue rising.

During a recent article for Bleacher Report, Zach Buckley shared his thoughts on why it makes sense for the Celtics to continue pushing forward with their current championship-winning rotation, regardless of how expensive it may get to keep the core together long-term.

“Boston clearly has a great thing going and recognized as much. That’s why the Celtics bought back into this core wherever they could,” Buckley wrote. “…This roster will cost a fortune to manage—which is perhaps a big reason why the majority stake in this franchise is up for sale—but when the potential return on investment is additional championship rings, it’s hard to fret too much about the finances.”

The Grousbeck family recently put the franchise on the market.

Any potential new ownership group will be inheriting a costly team, but one that can sustain a dynasty in the coming years. It will be interesting to see whether the cost of Boston’s roster is a sticking point in the bidding period.

For now, though, the Celtics are set to continue working towards a second-straight championship, with the knowledge that the current roster is set to stick around for the foreseeable future.

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Who could be the Boston Celtics new owners?

Who could be the next ownership group of the Boston Celtics?

The Grousbeck family has put their majority share of the Boston Celtics up for sale. The decision came shortly after Boston won the 18th championship in franchise history. However, there doesn’t appear to be any hurry for a sale to materialize. Instead, the Grousbeck family will likely take their time evaluating potential buyers before deciding.

Nevertheless, the decision to put Boston on the market undoubtedly caused a stir online, as fans began to speculate who could purchase one of the NBA’s most historic franchises. More importantly, fans wonder whether the new owners will be willing to foot the ever-growing luxury tax bill the current roster generates.

During a recent appearance on the “Celtics Beat” podcast, Adam Himmelsbach of the Boston Globe discussed the Grousbeck’s decision to sell the franchise, before noting how currently, there aren’t any indications of who could emerge as a potential buyer.

You can watch the full episode by clicking on the embedded video above.

Subscribe to the “Celtics Chronicle” podcast on:

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Brad Stevens speaks on Celtics being put up for sale

The Boston Celtics President of Basketball Operations has discussed the franchise being put up for sale by the Grousbeck family.

The Grousbeck family has put their majority share in the Boston Celtics up for sale. The news came shortly after Boston won its franchise’s 18th championship. Wyc Grousbeck is expected to remain in charge of the team during a transitional period, with 2028 tentatively set as his exit date.

During a recent news conference with reporters at Las Vegas Summer League, Stevens discussed Boston’s pending sale. The Celtics President of Basketball Operations revealed that he learned of the news shortly before it was made public; however, he stressed that it doesn’t change much in the short term.

“Well, I mean, I learned not long before everybody else did that was going to happen,” Stevens told Gary Washburn of the Boston Globe. “I obviously am very thankful for Wyc and his family and everything that they’ve done. I’m looking forward to seeing what happens from here. I don’t want to get too far into the weeds of it all but how does it affect us? It doesn’t really right now. From the standpoint of the corporate side or basketball operations we’re just head down, doing what we think is best for the now of the Celtics and the future of the Celtics. We’re lucky we (have) a good team.”

The Celtics have spent the offseason’s opening weeks securing their core rotation’s long-term futures. Derrick White and Jayson Tatum have both signed contract extensions. Jrue Holiday signed a new deal during the season. Sam Hauser is expected to sign once he becomes extension-eligible.

Stevens has overseen a rapid retooling of Boston’s roster, positioning them as the best team in the league. Regardless of what happens with the team’s sale, Boston is positioned to be a juggernaut in the coming years.

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Wyc Grousbeck reveals potential price to buy the Boston Celtics

Wyc Grousbeck has discussed the Boston Celtics ownership teams succession plan and their potential pricing of the franchise.

The Grousbeck family has put the Boston Celtics up for sale. The decision comes after Boston secured an 18th championship banner. Wyc Grousbeck will reportedly remain in charge of the franchise until 2028. Nevertheless, fans have begun speculating who could potentially become the next governor of the most storied franchise in NBA history.

During a recent appearance on CNBC, Grousbeck discussed the planning going into Boston’s succession plan for the ownership group and the potential price of purchasing the franchise. The Celtics cost the current ownership group $360 million in 2002, an investment that is now valued at $5.12 billion in today’s market.

Who ever purchases the Celtics will be getting a team that’s set to challenge for championships for the foreseeable future. Brad Stevens has locked down the entire core rotation for the long haul, and that can only be enticing for potential buyers.

You can hear Grousbeck’s comments by clicking on the embedded link above.

Subscribe to the “Celtics Chronicle” podcast on:

Apple Podcasts: https://apple.co/3UAVYRg

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Substack: https://bit.ly/3WoA0Cf

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Boston Celtics team president Brad Stevens weighs in on potential team sale

The Celtics president recently opened up about the sale news.

By now, we have heard from not only Boston Celtics majority owner and team Governor Wyc Grousbeck on why he and his family plan to sell their majority share of the Celtics. Also, we have heard from minority owner Steve Pagliuca’s interest in becoming the team’s majority owner.

We have also heard from players currently on Boston’s roster like star forward Jayson Tatum on the likely sale of the storied ball club, as well as from several league analysts, reporters, and even the NBA Commissioner Adam Silver. But one person we have heard nary a word from on the sale of the team is Boston President of Basketball Operations Brad Stevens.

But the Celtics president recently opened up about the sale news at Las Vegas Summer League, sharing his view on its import. “I learned not long before everybody else did that was going to happen,” Stevens said via CLNS Media.

“I’m obviously very thankful for Wyc and his family and everything they’ve done,” added Stevens of the Grousbecks. “I’m looking forward to seeing what happens from here.”

“I don’t want to get too far into the weeds of it all, but how does it affect us? It doesn’t really right now … we’re just head down doing what we think is best for the now of the Celtics and the future … we’re lucky we have got a good team.”

Listen to the “Celtics Lab” podcast on:

Apple Podcasts: https://apple.co/3zBKQY6

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

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

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Who would be the best person to buy the Boston Celtics from Wyc Grousbeck?

Could Steve Pagliuca or John Henry emerge in the bidding process?

Who would be the best person to buy the Boston Celtics from Celtics majority owner and lead governor Wyc Grousbeck? In a recent appearance on CNBC talking about the potential sale of the storied franchise, Grousbeck addressed the rumors about him selling the Celtics, going on the record to say, “I just want to clarify, it’s not my majority stake; the control of the Celtics is owned by my family.”

CLNS Media reporter Bobby Manning reacted to Grousbeck’s statement and discussed a range of potential bidders for the majority stake in the Celtics on a recent episode of the “Garden Report” podcast. Could Steve Pagliuca or John Henry emerge in the bidding process?

Take a look at the clip embedded below to hear what he had to say.

If you enjoy this pod, check out the “How Bout Them Celtics,” “First to the Floor,” “Celtics Lab,” and the many other New England sports podcasts available on the CLNS Media network.

Listen to the “Celtics Lab” podcast on:

Apple Podcasts: https://apple.co/3zBKQY6

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

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

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What led Wyc Grousbeck to put the Boston Celtics up for sale?

The Boston Celtics have been put up for sale, what led Wyc Grousbeck to make such a difficult decision?

Wyc Grousbeck and Boston Basketball Partners L.L.C have put their controlling shares in the Boston Celtics up for sale. ESPN’s Adrian Wojnarowski broke the news on Monday (July 1). The Celtics ownership group is expected to field multiple offers for the franchise, with Grousbeck expected to remain as governor until 2028.

In a recent episode of WEEI’s “Jones and Mego,” NBC Sports Boston’s Chris Forsberg joined the show to discuss Grousbeck’s decision to sell, what led to the difficult decision being made and what Celtics fans can expect in the coming months as potential buyers begin to emerge.

Boston is one of the NBA’s best-run franchises. Its value is at an all-time high after winning its 18th franchise championship and retaining the exceptionally talented core for multiple years. However, the Celtics are facing significant tax penalties for their expensively constructed roster.

You can hear Forsberg’s full comments by clicking on the embedded link above.

Apple Podcasts: https://apple.co/3UAVYRg

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Substack: https://bit.ly/3WoA0Cf

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Unanswered questions about the Boston Celtics sale

There is a lot of speculation despite claims to the contrary that the Celtics’ ballooning payroll (and value) are the real reasons behind the decision to sell.

There are still a number of unanswered questions about the Boston Celtics sale in needing of some explanation from the team’s brass. The official version being fed to the media is that the team’s majority owner, Wyc Grousbeck, and his father, Irv Grousbeck, are unloading their shares for estate planning reasons.

But there is a lot of speculation despite claims to the contrary that the Celtics’ ballooning payroll (and value) are the real reasons behind the decision to sell hot on the heels of hanging Banner 18. The hosts of the CLNS Media “Bob Ryan, Jeff Goodman, and Gary Tanguay!” podcast, took some time to dive into their thoughts and questions about the sale, with Ryan admitting he is a bit disappointed.

Take a look at the clip embedded below to hear what they had to say.

If you enjoy this pod, check out the “How Bout Them Celtics,” “First to the Floor,” “Celtics Lab,” and the many other New England sports podcasts available on the CLNS Media network.

Listen to the “Celtics Lab” podcast on:

Apple Podcasts: https://apple.co/3zBKQY6

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

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

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