Boston Celtics owner Wyc Grousbeck finally speaks out about his plan to sell the team | Jones & Mego

Boston Celtics owner Wyc Grousbeck finally speaks out about his plan to sell the team | Jones & Mego

Fenway Sports Group did put out a statement over the weekend or late last week I should say and uh there was one line that jumped out and it’s the uh fourth and final hour Jones and Meo on Wei we greatly admire and respect the Celtics organization its players and its amazing fans but we have no comment on the forthcoming bidding process so that was Henry late last week shauny had a lot of good detail on it but Wick was on CNBC earlier today these guys was this Squawk Box what was this oh my God they love going on the business Channel what was this closing bell what was he on here today I I don’t I don’t know the program I’m not familiar enough with CNBC mad money is that still a thing uh here’s what uh here’s what Wick had to say and I I’ve not heard all of this yet I’ve read some of these comments I’ve not heard all of this yet here’s an exchange on CNBC where we hear from wick for the first time about the sale I know that many were surprised if not shocked to hear the news that you were going to sell your majority stake in the franchise can you tell us why you made that decision sure well I want to just clarify it’s not my majority stake the control of the team is owned by my family uh 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 a there’s an involvement so the family has been involved we’ve been involved 22 years so there’s been discussions and thoughts about Estate Planning and and Family Planning and so the plan the expectation is to sell the team uh in two parts 51% % going fairly soon 49% then closing in a second closing that’s the expectation in 2028 I’m planning or expected to stay on till 28 and we’re going to hire bankers and advisers and this is going to be quite a uh a bidding process so this was AIS stop stop stop stop stop quite a bidding process we’re going to hire bankers and whatever else he said there uh that doesn’t sound like a done deal that’s not a done deal with tags like anybody who’s hoping for ah it’s just a back pocket deal it’s already done Pags has an NDA the deal’s already done well that’s done who wants to get in the mix that’s what he’s saying he’s talking to all his Rich buddies on cnvc so there is there’s a lot there there’s a lot there and you know including his stance on how long he’s going to hold on for he seemed to confirm a lot of what shaunessy had over the weekend uh shaunessy said he emailed the Elder grck Irv who put up the initial money for the team uh Irv politely said no comment when I texted with Wick shauny said are you okay if I say your personal stake in the team is less than 2% he answered we hold as a family all unified we’re a family and I have a Celtics family is my comment thanks so that’s basically what he said although he made it clear he is not the majority shareholder there is a family I belong to yes and there’s also my Celtic’s family okay keep going what else did he say there in 2028 I’m planning or expected to stay on until 28 and we’re going to hire bankers and advisers and this is going to be quite a uh a bidding process so this was a family decision you said in the Press release that it was quote estate and Family Planning considerations can you elaborate at all on that I think that speaks I think Scott it it that really just says it it’s just it’s a family um been in a long time and um loves the Celtics and um at some point after 22 or in even 25 26 years uh you know you can find somebody else to come in with energy and and commitment we’re going to try to find the right buyer okay we’re going to try to find the right buyer mom pop business we got over here the Boston Celtic yeah by the way uh number one it is closing bell I had that somehow maybe I maybe I saw the clip in that I I that’s the only that’s the only possible explanation I don’t watch any of these shows you you record it every day on YouTube TV number two I didn’t I didn’t realize this he’s on set so like Wick’s there it’s not like he’s on the phone I guess you can hear that in the clip but like well yeah because he’s probably in New York meeting with somebody about a TV show he’s planning fine that’s a good point but like my I guess my point is it’s not just hey Wick you’re driving around like do you have 5 minutes to call in it’s like no no no no no he is showing up on set to do this and maybe he is already in New York but like I don’t know the Monday after Fourth of July weekend schlepping around New York that doesn’t sound like an easy thing to do I don’t think his schlepping and our schlepping is the same fair but he’s making an effort is my point to uh set the record straight or tell his side of the sto like there’s effort there is my only point I he writing the ad for the team I didn’t realize he was on on set so there you go uh there was more to that but why why don’t you uh react mego to what we’ve heard so far okay so the very the first part sounds a little pointed to me it sounds like he’s saying this is not my thing to sell it’s my family’s thing I’ve been the face of my family’s involvement in this so I’m the one that’s answering to it but it’s a family decision so don’t be mad at me because I said that we were going to be paid in my dad said I can’t have the team anymore guys yeah don’t don’t be calling me out this is a family decision it’s not my fault it’s my dad’s fault I can’t come it’s not my share it’s the family share that’s what I hear at first I want to play video games my dad won’t let me my other major takeaway is this is not this is not just handing it over to bingo your friend Bingo this is bring in the money who wants to get involved in the Celtics this is one of the most valuable professional franchises out there who’s going to get in here okay and I like your point earlier like hey all you Millionaires and billionair out there watching closing bell right uh by the way it’s going to be quite a bidding process so get in here’s a few other comments there might be a little bit of crossover with the last clip I’m reading from Brian Rob Mass Live does great work there uh grck addressed the statement that he attends to remain governor of the team until 2028 a two-part sale beginning next year he said that’s how we planned it I would say that’s the expectation going into the process I would love that to happen and that’s the expectation we’ll see what plays out and go from there I think some of that was in that clip there there uh he refused so by the way we’ll see like that’s not he’s staying on his Governor we’ll see which is of course what we said about Cuban earlier today Cuban’s running basketball Ops for the Mavs except he’s really not he doesn’t own the Mavs anymore he’s not in charge so he can be the outward face of it until the adelon estate disagrees and then he’s going to be overruled because it’s not his team and so Wick can want to stay on and say he’s going to stay on but even he confirmed there we’ll see what plays out and go from there we’ll see grck refused comment on potential buyers Beyond acknowledging that current team owner Steve puka would be involved in the bidding process Steve has been a terrific lead partner lead co-owner in many ways grbc said he brought in Danny a so again this this is something I didn’t know till I read shauny I didn’t realize PS was behind that uh he brought him to the table back in the day when we were looking for a GM Steve has been great and is a great person and we welcome him for sure in the bidding process oh that that’s nice oh he’s invited he’s allowed to put in a bid that’s cute oh Steve you want to put in a bid that’s cute why do you put in a b yeah no no sure no sure put it what are you worth $5 billion sure go put in a bid while Larry Ellison with his 200 billion or whatever also bids and you know uh the the The Sovereign wealth fund of uh the pif from Saudi Arabia decides to bid yeah good luck with that I’ll put in your bid that’s cute Steve that’s cute well welcome your bid you’re allowed to bid go ahead I just picture this like the scene in Billy Madison or no it’s Happy Gilmore when he’s selling his grandma’s house house and it’s at auction great sports movie yeah it was a good one and Pags just shows up like with a little card and he’s like what who’s the you got the Sovereign group over here and you got some Bezos over here Bezos is just you know is swimming around in a pool of money uh Scrooge McDuck style spitting coins out of his mouth yeah meanwhile peluka is scraping coins out of a couch cushion you know trying to come up with5 Billion to buy the team uh grck failed to directly address the possibility of Red Sox owner John Henry or another Boston based owner taking control of the franchise he’s asked about this on CNBC but maintain the team would be left in good hands upon completion of the sale I’m not so sure about that by the way we haven’t even begun the process so how could you know we haven’t begun the process but the family has agreed to find new ownership group a new ownership group coming in that will make everybody proud of the Celtics moving forward that’s like a nice thing to say but like how do you know how do you know you have no idea you have no clue whatsoever how that’s going to go once you sell you’re going to be so proud of the live Celtic like you just that’s an impossible thing to know so like Wick it’s not even your call who’s selling the team okay it’s your dad’s call and if your dad says I want the most money then it’s not up to you Wick so that’s a nice thing to say but it’s not your call and it sounds like the old man wants money which is fine that’s fine there’s nothing wrong with that he wants to sell the team it’s a little disingenuous on Wick’s part I’m going to be paid in parades and everything else when it’s not even up to him go to the highest bidder that’s your right you’re allowed to do that but don’t tell me it’s going to be quite a bidding process and then say oh yeah but you know we’ll take care of the Celtics fans moving forward it’s going to be Merit based like obviously fans want to hear Celtics fan gets the team you can’t guarantee that you can’t and so that’s it’s just gonna be a bunch of gos lined up bidding on the Celtics all right Aztec Gino what’s your bid all right fine a Stoney Greenberg all right green all right fine green what’s your bid put it in let’s go who’s the guy from England who yelled at us so what’s that what’s that the you know Green Underpants wearing Celtics fan who like covers the team quote unquote like what’s his name all right guy from Britain who like breaks down video put in your bid fine go ahead balcony Gino what’s the bid lucky you know they go through the whole thing guy in the Hat who points if the guy in the smoking jacket like the the brown smoking jacket wants to buy the Celtics I’m in if he if he wants to buy that I’m I’m totally in

Boston Celtics owner Wyc Grousbeck has finally addressed his plans about selling the Boston Celtics and what went into the dcision. #celtics #nba

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