Wyc Grousbeck says the Celtics recruiting process will begin soon

Twenty-two years after taking up as owners of the Celtics, Wyc Grousbeck and his family need to sell their majority stake within the franchise, a process that’s “well underway and will soon be in full swing.” Grousbeck said in an interview with the Boston Globe this week.

Since the sale announcement, which got here just weeks after the team won a championship, the Grousbecks and their advisors have been reviewing their funds and business records. They expect the tender process to start inside the subsequent 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.

The team's large contracts with star players and the general cost of operating the franchise reportedly contributed to the Grousbecks' decision to sell. Grousbeck would neither confirm nor deny this argument, telling the Globe only that his family operates as a “united team.” In their initial statement announcing the sale, the Celtics cited “estate and family planning considerations.”

Celtics co-owner Steve Pagliuca announced in July that he could be one among the parties Bidder for majority stakeand Grousbeck acknowledged how he helped the team, including bringing generally manager Danny Ainge.

The Grousbeck family plans to initially sell 51 percent of its shares, complete the sale and complete the rest of the transaction in 2028.