Wyc Grousbeck Potentially Eyeing Whopping $6 Billion for Record-Breaking Celtics Sale

When the Boston Celtics won the title last season against the Dallas Mavericks, everyone was quite happy since the team got a consolidated core along with prestigious accolades. The Celtics players have reason to celebrate their victory until the offseason ends. However, their joy turned to something surprising as the majority holder[about 51%] of the team, Wyc Grousbeck, is treading on the path to part ways with the franchise for the purpose of “estate and family planning considerations.” It is worth noting that ESPN’s Adrian Wojnarowski first let the NBA community know of the breaking update. Also, the Celtics front office later made an official announcement that the team will get a completely new ownership till 2028.

However, it was not evident how the Celtics owner was going to part ways with the franchise since the official confirmation only mentioned that the “managing board of the ownership group expects to sell a majority interest in 2024 or early 2025.” While speaking to CNBC a day ago, Grousbeck stated his wish to set a new sports industry record considering the latest development of selling the 2024 NBA title-winning franchise. Although there is not a certain number on which we can scale up the worth of the Celtics as an organization, especially after their recent title win. It is high time to hit the market, and an ambitious target can scoot beyond the $6.05 billion mark that the NFL’s Commanders set last year.

Even the majority holder of $6.05 billion, Grousbeck, is himself uncertain about it while he stated, “I haven’t thought much about [it] going forward, but I am a competitive guy—why not?” However, it seems that Wyc Grousbeck is hell-bent on making new records as he further added on going ahead of the Commanders’ deal amount, “I mean, if you’re going to keep score, keep score on everything.” Also, the level of belief that Grousbeck had in his words was coming from the title win as he stated as well on the market’s interest in his deal, “People would be able to start being involved in something that is at the top of the world, not the bottom.”

Wyc Grousbeck’s pointers while getting candid about his split with the Celtics

First time after announcing the news of the franchise going on sale for the market, Grousbeck shed light on the details of the sale even more. The first point is that the majority holding of about 51% of the Grousbeck family might get its new owner “fairly soon.” Notably, the official announcement from the management stated that Wyc will remain the governor of the team until 2028. So it means that the rest 49% of the team will go separately under second closing.

The second pointer that Wyc Grousbeck repeated is that his father, Irving, also holds ownership in the Celtics. So it has become quite complex considering the family dynamics and more. That’s why he has decided to give “thoughts about estate planning and family planning.” It is more of an “intersection and involvement” if the ownership remains the same way as it is, according to Grousbeck.

Co-chairman of Bain Capital and billionaire Steve Pagliuca stated after the sale announcement that he had an interest in the bidding process. That’s what concluded the third pointer from Grousbeck as he responded to Steve’s interest, “Steve has been great, and is a great person, and we welcome [him], obviously, for sure, in the bidding process.”

These were the final outcomes of Wyc Grousbeck’s latest interaction with the media after the sale announcement. Considering his words, further major developments are still awaiting the team by the start of 2025. It will be worth watching how things turn over. What is your opinion about this sale? Let us know in the comments.

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