Current Celtics co-owner releases statement regarding impending sale
Amid an impeding sale of the team, Boston Celtics managing partner and co-owner Steve Pagliuca said in a statement he plans to remain involved in the organization.
In surprising news on Monday afternoon, the Boston Celtics announced the ownership group led by Wyc Grousbeck intends to sell its majority interest in the team by early 2025. However, some others in the ownership group may be sticking around.
That includes Steve Pagliuca, who has been a co-owner and managing general partner since the current group bought the team in 2002. On Monday evening Pagliuca, 69, released a statement regarding the sale, indicating he hopes to remain involved with the organization.
![Feb 10, 2016; Boston, MA, USA; Boston Celtics owners Wycliffe Grousbeck (R) and Steve Pagliuca (L) talk as the Celtics take on there Los Angeles Clippers in the second half at TD Garden. Celtics defeated the Clippers in overtime 139-134. Credit: David Butler II-USA TODAY Sports](https://985thesportshub.com/wp-content/uploads/sites/88/2024/07/USATSI_9106951-2_1719876742_.jpg?resize=1024,774)
“I am grateful and thankful for the 21-year partnership I have enjoyed with Wyc and Irv Grousbeck, the Epstein family, and all the incredible Celtics investment partners. It has been a remarkable run that resulted in two NBA Championships for the best and most passionate fans in professional basketball, capped off with an amazing duck boat parade last week in Boston,” Pagliuca said. “Along with the championships, we are most proud of the growth of our community impact efforts and the dedication of the investor group, coaches, players and staff to helping community members who are in need.”
“Being a co-investor and Managing Partner of the Celtics has been a great honor and a labor of love,” he added. “I hope to be part of the Celtics moving forward and will be a proud participant in the bidding process that has been announced today.”
In addition to his role with the Celtics, Pagliuca serves as a member of the Board of Governors and the Competition Committee for the NBA. Outside of basketball, Pagliuca is the co-chairman of Bain Capital, a Boston-based private investment firm.
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