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[Saba Sports News] Wyc Grousbeck may be taking a step back, but he’s not stepping away entirely.
The Boston Celtics owner shared an update on his planned team sale in a Boston Globe interview this week. Grousbeck plans to initially sell a 51 percent stake in the Celtics while staying on as governor until the full sale is completed in 2028.
“I’m planning to be in this exact position as governor for a while,” said Grousbeck. “My family and I have agreed to ask the eventual buyer for a transition period, which feels right to me. We hope to make it happen.”
Grousbeck also mentioned that the sale process is advancing, with buyer conversations underway and bidding set to start in the next month.
The 63-year-old first bought the Celtics in 2002 with a group that included his father Irv, now 90. Grousbeck announced his intention to sell the franchise after the Celtics’ 18th championship win over the summer.
The frontrunner is still unknown, with rumors of bids from Jeff Bezos and Fenway Sports Group dismissed. However, any new buyer will need to accommodate Grousbeck’s planned transition period.