Wyc Grousbeck Explained

Wyc Grousbeck
Birth Name:Wycliffe K. Grousbeck
Birth Date:13 June 1961
Birth Place:Worcester, Massachusetts, U.S.
Alma Mater:Princeton University (B.A.)
University of Michigan (J.D.)
Stanford Business School (M.B.A.)
Spouse:Emilia Fazzalari (m. 2017)
Children:2[1]
Parents:H. Irving and Sukey Grousbeck

Wycliffe K. Grousbeck (born June 13, 1961) is an American entrepreneur who is the majority owner and governor of the National Basketball Association's Boston Celtics.[2] [3]

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.[4]

Career

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.[2] In 2008, the Celtics won their 17th NBA Championship and their 18th Championship on June 17, 2024 after beating the Dallas Mavericks in 5 games.[5]

In 2010, Grousbeck became Chairman of the Massachusetts Eye and Ear Infirmary (MEE), a research and clinical hospital specializing in blindness and deafness research.[6] He instituted and led a capital campaign that raised $250 million for MEE, and led them to join Mass General Brigham medical system.[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, Formula E Racing, and SeatGeek.[8]

Personal life

Grousbeck married Emilia Fazzalari in 2017.[9] The couple joined with fellow NBA owners Michael Jordan, Jeanie Buss and Wes Edens to fund Cincoro Tequila, which launched in September 2019.[10]

In 2022, Princeton University opened a new dormitory, Grousbeck Hall, which was funded through a donation from the Grousbeck family.[11] [12]

The 2023 NBC sitcom Extended Family is loosely based on Grousbeck, his wife, and her ex-husband (a lifelong Celtics fan).[13]

External links

Notes and References

  1. Web site: Shanahan. Mark. Celtics owner is engaged. Boston Globe. Boston Globe. February 14, 2023.
  2. News: Celtics' success traced, in part, to the fortunes of a blind son. ESPN. November 5, 2015.
  3. Web site: Kahn. Ehran. Ranking the NBA's 10 Most Popular Owners. Bleacher Report. August 30, 2016.
  4. Web site: Wycliffe K. Grousbeck J.D. Advisor, Flex Pharma, Inc.. Bloomberg.
  5. News: Terada . Souichi . Wyc Grousbeck compares current Celtics to 2008 title team: ‘It starts with the 2 stars’ . 11 April 2024 . masslive . 19 April 2023 . en.
  6. Web site: Grousbeck. Wyc. Wyc Grousbeck elected Mass. Eye and Ear Board Chair. newswire.com. January 27, 2010.
  7. News: Mass Eye and Ear Capital Campaign Concludes with $252 Million Raised to Advance Research and Patient Care . 11 April 2024 . www.newswise.com . 29 October 2020 . en.
  8. Web site: Wycliffe "Wyc" Grousbeck, Managing Partner & Governor. Boston Celtics. August 30, 2016.
  9. Web site: Warnock . Caroline . 2023-04-15 . Emilia Fazzalari, Wyc Grousbeck's Wife: 5 Fast Facts You Need to Know . 2024-06-12 . Heavy.com . en-US.
  10. News: Sorvino . Chloe . The Inside Story Of How Michael Jordan And Four Other NBA Owners Launched The Super-Premium Tequila Brand Cincoro . 11 April 2024 . Forbes . 16 September 2019 . en.
  11. Web site: Labrecque . Jeff . For Wyc Grousbeck '83, success and teamwork have never been an either oar situation . Princeton Alumni . May 17, 2021 . February 14, 2023.
  12. Web site: Wyc Grousbeck and Emilia Fazzalari support undergraduate student expansion with new dormitory . Princeton University . May 18, 2021 . February 14, 2023.
  13. Web site: Press . Associated . New TV show inspired by relationship of Celtics owner, wife and her ex . 2024-06-12 . www.boston.com . en-US.