Twenty-two years after taking over as an owner of the Celtics, Wyc Grousbeck and his family are looking to sell their majority stake in the franchise, a process that is “gearing up and about to hit full speed,” Grousbeck said in an interview with the Boston Globe this week.
Since the sale announcement that came just weeks after the team’s championship win, the Grousbecks and their advisors have been sifting through their finances and business data. They expect the bidding process to begin within the next month.
“My father [Irv] and I feel a responsibility and an honor to be able to find a great buyer for the team,” Grousbeck told the Globe.