How Celtics are handling ownership uncertainty with franchise sale looming
The Celtics’ post-championship offseason was defined by continuity, with nearly every member of their title-winning roster returning for the 2024-25 campaign.
But the team is bracing for a major change in the coming months.
Celtics owner Wyc Grousbeck announced back in July that he and his family are selling their controlling stake in the franchise. In that announcement, the team said it planned to have a new majority owner by early 2025 at the latest, with Grousbeck staying on as governor until the full sale is complete in 2028.
The impending ownership change could have significant ramifications for the Celtics’ roster, which is expected to cost upward of $500 million next season between salaries and luxury tax penalties. A New York Post report suggested a dispute over spending within the Grousbeck family drove the decision to sell.
President of basketball operations Brad Stevens and veteran players Jaylen Brown and Jrue Holiday were asked about the forthcoming sale during Tuesday’s Celtics media day. Here were their responses:
Brad Stevens
“Yeah, I mean, there’s not much that we are doing. Obviously, it’s not — it’s out of our hands. As I’ve said before, I’m super thankful to Wyc and Irv and their family for everything they’ve done for us throughout this entire tenure and our great investor group that we have. We’ve had really good leadership around here, and they’ve basically said, ‘Hey, obviously, we’ve put a team together. This has been a long-term plan to be where we are right now.’ Plans don’t always go the way you want them to. This one so far has been pretty smooth, but there will always be challenges that come along with that.
“But I think it’s the way that they’ve phrased it to me from the standpoint of since the sale was announced was, we just need to keep doing what we’re doing. (Keep doing) business as usual and do what you can to build the best team that we can. And then we’ll see what happens from there.”
Jaylen Brown
“I think I’ve had the honor to build relationships with the ownership group that we have, and it’s been a partnership that we’ve worked on continuously on and off the floor to lead to the championship that we just achieved. Obviously, with that ownership group switching, there will be some learning and growing that we need to (do) in order to get accustomed. But hopefully, it’s a smooth transition. That’s what we all hope for, but we’re just going to have to wait and see.”
Jrue Holiday
“I guess the money side and him selling, that’s kind of him. That’s his situation. I think for me, I try to control what I can control, and that’s coming in here every day trying to reach that ultimate goal, which is to win another championship. So, I guess, best of luck to Wyc. I don’t know what to really tell him. But I think for the most part, we try to come in here every day and take care of business, and we’re going to try to continue to do that. “