Latest news with #Wyc
USA Today
3 days ago
- Business
- USA Today
Adam Silver not worried about two-stage sale of Boston Celtics
Adam Silver not worried about two-stage sale of Boston Celtics The Minnesota Timberwolves recent sale went about as poorly as such things can go, with the staged timing of ownership transfer ending up with the purchasing parties needing arbitration to finalize the sale from the former owner. With the Boston Celtics having a sale of the team's majority ownership group taking place in two phases as well, there has been concern that such a structure might lead to similar acrimony between outgoing majority owners Wyc and Irv Grousbeck and incoming majority owner Bill Chisholm some time before the final segment of the purchase is completed in 2028. But NBA Commissioner Adam Silver downplayed such a scenario when asked about its potential ahead of Game 1 of the 2025 NBA Finals. "It's really more about a phase-out of current ownership," said Silver. "I think there Bill Chisholm, who is the incoming owner, he's got to ... straighten out some affairs in his life and his business." "He's currently located on the West Coast," clarified Silver. "I think he's a huge admirer of Wyc Grousbeck and the way he's been running that team. Obviously their results speak for themselves." "What he's working out with Wyc is an opportunity for him, as I said, to learn the business from Wyc, then step in as the principal owner, the Governor of the team," offered the commissioner. "There would then be no switching going forward." Regarding the Timberwolves situation, Silver related that it is not ideal to have staged transactions, but the league, Glen Taylor and the new ownership group "all agreed to something that seemed to make sense in the moment." There is always a chance something could go awry in Boston's case, of course, but at least for now, it's reassuring Silver seems confident in the future of the Celtics sale. We aren't exactly clear why he doesn't see it as staged given it will take place in two parts, but things have gone relatively smoothly to date, so hopefully this is a wrinkle no one will be thinking about in 2029.
Boston Globe
20-04-2025
- Sport
- Boston Globe
Not much tension to Game 1 at TD Garden, other than new-old Celtics ownership. Now there's a big bowl of awkward.
Orlando led the Celtics at halftime Sunday at TD Garden, but there was Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up Now there's a big bowl of awkward. For those of you who've not been paying attention, Wyc's family put the Celts up for sale last year and Pags tried to buy the team from his partner, only to be steamrolled by Advertisement Yikes. Seeing these captains of basketball industry making nice in the front row was like watching Jennifer Lopez at Fenway seated between Ben Affleck and Alex Rodriguez. Or maybe Kendrick Lamar with Drake and Serena Williams at any Super Bowl of your choice. Or Eric Clapton and the late George Harrison with Patti Boyd. Anyway. You get the point. Related : Coming into this game, the big question for the Celtics was 'I think Jaylen worked to get good shots,'' said coach Joe Mazzulla. 'He knows how to take care of himself. He's right where he wants to be, which is where we need him to be.'' Bored like the rest of us, Jayson Tatum scored only 17 points (8 of 22 shooting), but Derrick White (who never makes the wrong move on a basketball court — wonder if Deion Sanders will retire his Colorado jersey?) made up for it with 30 on 10 of 18 marksmanship, including 7 of 12 from international waters. It should tell you something that the Celtics built a 19-point lead in a game in which Tatum, Brown, and Kristaps Porzingis made only 15 of 44 shots. Advertisement Payton Pritchard (yes, he is better than Larry Siegfried) scored 19 points in 25 minutes and maybe created the loudest roars with his four buckets on six 3-point attempts. Related : Mazzulla talked a lot about 'physicality', rebounding, and 50/50 balls. It's a polite way of reminding us that the only way the Celtics can have trouble against the Magic is if they go through the motions. The talent gap is significant. The Celtics are nine deep and bury good teams under an avalanche of threes. Boston made a record 1,457 threes during the 2024-25 season. They shot 48.2 threes per game. An NBA game, without overtime, is 48 minutes. Boston went 16-3 in its indominable playoff run last spring and it's not realistic to expect them to finish in June without losing more than three games, but it's impossible to imagine them losing to the gritty-but not-ready Magic. No one seemed to be sweating during Game 1. My favorite moment came when Mr. and Mrs. Wyc Grousbeck got up from their seats with Advertisement Is there a Tomato Can Ride in the Magic Kingdom? Dan Shaughnessy is a Globe columnist. He can be reached at
USA Today
13-04-2025
- Business
- USA Today
How big of a risk is the Boston Celtics changing owners to winning another title soon?
How big of a risk is the Boston Celtics changing owners to winning another title soon? How big of a risk is the Boston Celtics changing owners to the team winning another title soon? The Celtics have been among the most stable of all NBA franchises in recent decades, operating under the same ownership group for over two decades and winning a pair of titles during that span in two entirely separate contention eras under more or less the same front office structure, save the departure of former President of Basketball Operations Danny Ainge. But now, Boston majority owners Wyc and Irv Grousbeck have sold their shares of the team to private equity billionaire Bill Chisholm just as the ball club is poised to compete for another championship -- with a historically expensive roster. The folks behind the "Sporting Logically" YouTube channel put together a clip taking a deep dive into the topic. Check it out below! If you enjoy this pod, check out the "How Bout Them Celtics," "First to the Floor," "Celtics Lab," and the many other New England sports podcasts available on the CLNS Media network. Listen to the "Celtics Lab" podcast on: Apple Podcasts: Spotify:
Yahoo
05-04-2025
- Business
- Yahoo
How much are the Boston Celtics worth compared to the other teams in the NBA?
How much are the Boston Celtics worth compared to the other teams in the NBA? How much are the Boston Celtics worth compared to the other teams in the NBA? The storied ball club's current majority owners, Wyc and Irv Grousbeck, just chose to part with their shares to a group headed by private equity billionaire Bill Chisholm, and the sale made the Celtics the most expensive team purchase in the history of the league. With the price of the Celtics coming in at about $6.3 billion for the first of two tiers of the sale and a potential valuation of as high as over $7 billion once the team is fully in new hands, it should push Boston's value up compared to their other peers in the Association -- but by how much? Advertisement The folks behind the "HoopsHype" YouTube channel put together a clip taking a closer look. Check it out below! If you enjoy this pod, check out the "How Bout Them Celtics," "First to the Floor," "Celtics Lab," and the many other New England sports podcasts available on the CLNS Media network. Listen to the "Celtics Lab" podcast on: Apple Podcasts: Spotify: This article originally appeared on Celtics Wire: How much are the Celtics worth compared to the other teams in the NBA?
USA Today
05-04-2025
- Business
- USA Today
How much are the Boston Celtics worth compared to the other teams in the NBA?
How much are the Boston Celtics worth compared to the other teams in the NBA? The storied ball club's current majority owners, Wyc and Irv Grousbeck, just chose to part with their shares to a group headed by private equity billionaire Bill Chisholm, and the sale made the Celtics the most expensive team purchase in the history of the league. With the price of the Celtics coming in at about $6.3 billion for the first of two tiers of the sale and a potential valuation of as high as over $7 billion once the team is fully in new hands, it should push Boston's value up compared to their other peers in the Association -- but by how much? The folks behind the "HoopsHype" YouTube channel put together a clip taking a closer look. Check it out below! If you enjoy this pod, check out the "How Bout Them Celtics," "First to the Floor," "Celtics Lab," and the many other New England sports podcasts available on the CLNS Media network. Listen to the "Celtics Lab" podcast on: Apple Podcasts: Spotify:
