On this day in the history of the Boston Celtics, Boston Basketball Partners LLC announced that it had completed its purchase of the Celtics’ NBA basketball franchise from its previous owner in 2002.
Boston Basketball Partners is an investment made up of a management committee made up of Wyc Grousbeck, H. Irving Grousbeck, Stephen Pagliuca, and The Abbey Group (composed of Robert Epstein, Paul Edgerley, Glenn Hutchins, and James Pallotta). Company. Team owned by Paul Gaston. The investment group, which previously announced on Sept. 27 that the partners would purchase the team pending NBA approval, issued a press release officially announcing the transfer of the club.
Managing Partner H. Irving Grausbeck said via the Celtics:
(AP Photo/Richard Drew)
Managing Partner Steve Pagliuka said, “It’s an incredible opportunity to be part of one of the greatest sports teams in history and use that position to do good for our community.
“I am delighted to join my partners Grousbecks and The Abbey Group, as well as my fellow Executive Committee and Board members, in this quest to help the team continue striving for excellence.”
(NBAE by Chris Marion/Getty Images)
“This is a once-in-a-lifetime thrill.
The guard change became part of the recipe for the Celtics’ 17th championship, which they won five years later in 2008.
Winslow Townson-USA TODAY Sports
Finally, it’s also former Boston forward Hal Crisler’s birthday. Born in Richmond, California in 1923, the Iowa alum played just his four games for the Celtics in the first season of 1946–47.
Crisler averaged 1.4 points per game in that stretch. Rest in peace.
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The story was originally published on Celtics Wire