“The controlling family of the ownership group, after considerable thought and internal discussion, has decided to sell the team for estate and family planning considerations,” a statement issued on July 1 by Boston Basketball Partners L.L.C. read.
Grousbeck commented on the sale of the team for the first time Monday during an appearance on CNBC’s “Closing Bell.”
Grousbeck, who has served as the governor of the team, made it a point to clarify in the interview that he’s not the principal owner of Boston Basketball Partners L.L.C.
“I want to just clarify, it’s not my majority stake. The control of the team is owned by my family, so it’s a family that I belong to and then I have the Celtics family I also belong to, so there’s an intersection and there’s an involvement,” Grousbeck explained. “The family, we’ve been involved for 22 years, so there’s been discussions and thoughts about estate planning and family planning.”
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Boston Celtics Victory Event & Parade BOSTON, MASSACHUSETTS - JUNE 21: Owner Wyc Grousbeck of the Boston Celtics reacts as he holds the Larry O'Brien Championship Trophy during the 2024 Boston Celtics championship parade following their 2024 NBA Finals win on June 21, 2024 in Boston, Massachusetts. (Photo by Billie Weiss/Getty Images) (Billie Weiss/Getty Images)
Boston Celtics Victory Event & Parade BOSTON, MASSACHUSETTS - JUNE 21: Owner Wyc Grousbeck of the Boston Celtics reacts as he holds the Larry O'Brien Championship Trophy during the 2024 Boston Celtics championship parade following their 2024 NBA Finals win on June 21, 2024 in Boston, Massachusetts. (Photo by Billie Weiss/Getty Images) (Billie Weiss/Getty Images)
Boston Celtics Victory Event & Parade BOSTON, MASSACHUSETTS - JUNE 21: Owner Wyc Grousbeck of the Boston Celtics reacts as he holds the Larry O'Brien Championship Trophy during the 2024 Boston Celtics championship parade following their 2024 NBA Finals win on June 21, 2024 in Boston, Massachusetts. (Photo by Billie Weiss/Getty Images) (Billie Weiss/Getty Images)
Boston Celtics Victory Event & Parade BOSTON, MASSACHUSETTS - JUNE 21: Owner Wyc Grousbeck of the Boston Celtics reacts as he holds the Larry O'Brien Championship Trophy during the 2024 Boston Celtics championship parade following their 2024 NBA Finals win on June 21, 2024 in Boston, Massachusetts. (Photo by Billie Weiss/Getty Images) (Billie Weiss/Getty Images)
Jayson Tatum
Wyc Grousbeck Boston Celtics' Jayson Tatum, right, and Celtics owner Wyc Grousbeck, center, celebrate their NBA basketball championship with a duck boat parade Friday, June 21, 2024, in Boston. (AP Photo/Michael Dwyer) (Michael Dwyer/AP)
Boston Celtics Victory Event & Parade BOSTON, MASSACHUSETTS - JUNE 21: Boston Celtics Owner Wyc Grousbeck reacts during the Boston Celtics Victory Event following their 2024 NBA Finals win at TD Garden on June 21, 2024 in Boston, Massachusetts. (Photo by Maddie Malhotra/Getty Images) (Maddie Malhotra/Getty Images)
2024 NBA Finals - Game Five BOSTON, MASSACHUSETTS - JUNE 17: Majority owner Wyc Grousbeck of the Boston Celtics celebrates in the locker room after Boston's 106-88 win against the Dallas Mavericks in Game Five of the 2024 NBA Finals at TD Garden on June 17, 2024 in Boston, Massachusetts. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Elsa/Getty Images) (Elsa/Getty Images)
2024 NBA Finals - Game Five BOSTON, MASSACHUSETTS - JUNE 17: Majority owner Wyc Grousbeck of the Boston Celtics celebrates in the locker room after Boston's 106-88 win against the Dallas Mavericks in Game Five of the 2024 NBA Finals at TD Garden on June 17, 2024 in Boston, Massachusetts. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Elsa/Getty Images) (Elsa/Getty Images)
2024 NBA Finals - Game Five BOSTON, MASSACHUSETTS - JUNE 17: Majority owner Wyc Grousbeck of the Boston Celtics celebrates in the locker room after Boston's 106-88 win against the Dallas Mavericks in Game Five of the 2024 NBA Finals at TD Garden on June 17, 2024 in Boston, Massachusetts. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Elsa/Getty Images) (Elsa/Getty Images)
Boston Celtics v Indiana Pacers - Game Four INDIANAPOLIS, INDIANA - MAY 27: Owner of the Boston Celtics Wyc Grousbeck accepts the Bob Cousy Trophy after winning in Game Four of the Eastern Conference Finals at Gainbridge Fieldhouse on May 27, 2024 in Indianapolis, Indiana. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Justin Casterline/Getty Images) (Justin Casterline/Getty Images)
Boston Celtics v Indiana Pacers - Game Four INDIANAPOLIS, INDIANA - MAY 27: Owner of the Boston Celtics Wyc Grousbeck hoists the Bob Cousy Trophy after winning Game Four of the Eastern Conference Finals at Gainbridge Fieldhouse on May 27, 2024 in Indianapolis, Indiana. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Justin Casterline/Getty Images) (Justin Casterline/Getty Images)
GF Default - Wyc Grousbeck joins Tom and Butch
Grousbeck also provided an update on the timeline to sell the historic and decorated franchise.
“The expectation is to sell the time in two parts with 51 percent going fairly soon, 49 percent then closing in second closing. That’s the expectation in 2028,” Grousbeck said. “I’m planning or expecting to stay on until 2028. We’re going to hire bankers and advisers. This is going to be quite the bidding process.”
Grousbeck didn’t mention the names of any potential buyers in the CNBC interview.
“These guys go in the history books and they go in the record books,” Grousbeck told Boston 25 Sports Director Butch Stearns as the team celebrated the victory. “Best offense ever, great defense. People don’t understand -- to play defense like that is exhausting. To then have the best offense ever after that defense is world-class and we are world-class.”
Butch Stearns talks 1-on-1 with Wyc Grousbeck after Celtics win 2024 NBA title