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Wyc Grousbeck

American entrepreneur (born 1961) From Wikipedia, the free encyclopedia

Wyc Grousbeck
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Wycliffe K. Grousbeck (born June 13, 1961) is an American entrepreneur, who has been a lead owner for the Boston Celtics of the National Basketball Association since December 2002.

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Early life and education

Grousbeck was born in Worcester, Massachusetts and graduated from Noble and Greenough School in Dedham, Massachusetts. He attended Princeton University, B.A. in history in 1983, and rowed on the 1983 undefeated lightweight crew team that claimed the Ivy League and National rowing championship. He received a J.D. degree from the University of Michigan in 1986 and an M.B.A. in 1992 (Miller Scholar) from the Stanford Graduate School of Business.[2]

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Career

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After spending seven years as a partner at the venture capital firm, Highland Capital Partners, Grousbeck founded and led the group, Boston Basketball Partners L.L.C., that bought the Boston Celtics for $360 million in 2002.[3] During his time as lead owner, the Celtics won two more championships in 2008 and 2024. After their second win in 2024, Grousbeck and his family revealed their intention to sell their majority stake in the franchise, and on March 20, 2025, he announced the proposed sale for a record setting $6.1 billion to Bill Chisholm, a managing partner of Symphony Technology Group in a predetermined agreement that will allow Grousebeck to remain as Governor for the team until 2028.[4]

Besides the Celtics, Grousbeck has had numerous other business ventures. In 2010, Grousbeck became Chairman of the Massachusetts Eye and Ear Infirmary (MEE), a research and clinical hospital specializing in blindness and deafness research.[5] He instituted and led a capital campaign that raised $250 million for MEE, and led them to join Mass General Brigham medical system.[6][7] In 2013, Grousbeck co-founded Causeway Media Partners, LP, a growth equity partnership managing over $330 million, investing in sports technology and media companies such as Omaze, Inc., Zwift, FloSports, Freeletics, the PGA Tour, and SeatGeek.[8]

Grousbeck has served as Executive Producer on two recent Hollywood productions. He co-created and was an Executive Producer of the 2023 NBC sitcom Extended Family, loosely based on Grousbeck, his wife, and her ex-husband (a lifelong Celtics fan).[9] He also appeared in, and was an Executive Producer of, the critically acclaimed HBO Sports documentary on the Celtics, "Celtics City" which aired on Max in 2025.

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Personal life

Grousbeck married Emilia Fazzalari in 2017.[10] The couple joined with fellow NBA owners Michael Jordan, Jeanie Buss and Wes Edens to found Cincoro Tequila, which launched in September 2019.[11]

In 2022, Princeton University opened a new dormitory, Grousbeck Hall, which was funded through a donation from the Grousbeck family.[6][12] Wyc and Emilia also created the Fazzalari Sky Bridge serving Boston Children’s Hospital patients, and support the Grousbeck Boys and Girls Club of Charlestown, Mass.[citation needed]

Grousbeck is an avid rock and blues drummer and guitarist. He has appeared on stage around Boston and New York City with his band French Lick, the James Montgomery Band, and the Dirty Angels. He has shared bills with such headliners as Billy Idol, Gregg Allman, Lenny Kravitz, the B-52s, Flo Rida, and the J. Geils Band.[citation needed]

References

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