Wyc Grousbeck

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Wyc Grousbeck
Grousbeck in 2022
Born
Wyc Grousbeck

(1961-06-13) June 13, 1961 (age 62)
Worcester, Massachusetts, U.S.
Alma materPrinceton University
University of Michigan
Stanford Business School
SpouseEmilia Fazzalari (m. 2017)
Children2[1]
Parent(s)H. Irving and Sukey Grousbeck

Wycliffe "Wyc" 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[edit]

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[edit]

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 seventeenth NBA Championship.[5]

While continuing his duties with the Celtics, in 2010 Grousbeck became Chairman of the Massachusetts Eye and Ear Infirmary, the world's largest research and clinical hospital specializing in blindness and deafness research.[6] He instituted and led a capital campaign that raised $250 million for Mass Eye and Ear, and led them to join Mass General Brigham medical system.[7][8] 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.[9]

Personal life[edit]

Wyc married Emilia Fazzalari in January 2017. Wyc and Emilia joined with fellow NBA owners Michael Jordan, Jeanie Buss and Wes Edens to found Cincoro Tequila, which launched in September, 2019.[10] Wyc sits on the Executive, Labor, and Media Committees of the NBA, is Board Chair of the Boston Celtics, and Mass Eye and Ear, and is a board member of the Boston Celtics, the Shamrock Foundation, Giving Grousbeck Fazzalari, Omaze, Inc., Cinco Spirits Group, Mass General Brigham, and NBC Sports Boston.

In 2022, Princeton, in an expansion effort to support additional/diverse students, will open a new Dormitory, Grousbeck Hall, funded through a gift by Wyc and his family.[7][11]

References[edit]

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

External links[edit]


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