Grousbeck talks new Celtics jersey sponsor, cracks Tatum contract joke

Grousbeck talks new Celtics jersey sponsor, cracks Tatum contract joke originally appeared on NBC Sports Boston

The Boston Celtics’ eventful offseason continued Tuesday with another update on the business front.

The Celtics announced a multi-year partnership with the Rhode Island-based insurance company Amica, which will replace Vistaprint as the team’s jersey patch partner beginning in the 2024-25 season.

The start of something special ☘️

We are proud to announce a multi-year partnership with @Amica. In addition to becoming our new jersey patch partner, Amica will help support the Shamrock Foundation with the goal of expanding access to early childhood education in New England. pic.twitter.com/ZK1cQrNYpa

— Boston Celtics (@celtics) July 9, 2024

Celtics co-owner Wyc Grousbeck was on hand for the sponsorship announcement Tuesday morning outside TD Garden, and while he didn’t address the team’s surprising decision to sell the team, Grousbeck couldn’t resist joking about the timing of the Celtics’ new deal with Amica after the front office handed a five-year, $314 million contract extension to superstar Jayson Tatum earlier this month.

“You can basically say you’re just funding Jayson Tatum — for like, a couple weeks,” Grousbeck quipped.

Grousbeck — whose family, led by his father, Irving Grousbeck, owns a controlling stake in the team — shed more light on the Celtics’ pending sale Monday in an interview with CNBC, confirming that he plans to stay on until 2028, when the sale is fully completed.

“The expectation is to sell the team in two parts: 51 percent going fairly soon, 49 percent then closing in a second closing in 2028,” Grousbeck told CNBC. “I’m planning or expecting to stay on until ’28, and we’re going to hire bankers and advisors. This is going to be quite a bidding process.”

There should be plenty of interest in the Celtics, who are fresh off their 18th championship and are valued at $5.1 billion, per Sportico. In the meantime, however, Grousbeck is still relishing in the franchise’s latest success: The C’s co-owner gleefully recapped the results of Boston’s four 2024 playoff series while discussing…

Source link : https://finance.yahoo.com/news/grousbeck-talks-celtics-jersey-sponsor-173143604.html

Author : NBC Sports Boston

Publish date : 2024-07-09 17:38:20

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