BREAKING NEWS: Boston Celtics Owner Wyc Grousbeck Sells Share, No Longer Part of Ownership Group

In a significant shift for the Boston Celtics, Wyc Grousbeck, who has been a key figure in the team’s ownership group for nearly two decades, has officially sold his share and is no longer a part of the franchise’s ownership structure.

Grousbeck, who became the majority owner of the Celtics in 2002, was instrumental in turning the storied franchise into a consistent contender in the NBA. Under his leadership, the Celtics won the 2008 NBA Championship and have remained one of the league’s most successful teams, with a rich history of playoff appearances and championship contention.

“I’m extremely proud of what we’ve accomplished over the years,” Grousbeck said in a statement. “The Celtics are in a strong position, both on and off the court, and I am confident that they will continue to build on their legacy of success. It’s been an incredible journey, but the time has come for me to step aside.”

Grousbeck’s departure from the ownership group ends a chapter that has seen the Celtics rise from a period of rebuilding to sustained excellence. His leadership has included not only overseeing the team’s on-court development but also playing a pivotal role in the expansion of the team’s brand, including community engagement and global initiatives.

The Celtics’ ownership group will now move forward without Grousbeck, with the franchise continuing to be one of the most valuable and respected in the NBA. While the identity of the new ownership stakeholders has not been disclosed, the team remains committed to maintaining its competitive edge and legacy, ensuring a bright future for one of the NBA’s most iconic franchises.

As the Celtics enter a new era, Grousbeck’s influence will undoubtedly be felt for years to come, but the team is now poised for its next chapter as it continues to aim for more championships in the highly competitive NBA landscape.