Word: grousbeck
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...Grousbeck comes from a family of entrepreneurs. His father co-founded Continental Cablevision Inc after college, eventually selling the company for $11.5 million...
...Grousbeck told the audience that he worked as an attorney for four years, but left the legal field when he realized that he was not happy in that profession...
...Grousbeck said he was motivated to buy the Celtics when he watched the sale of the Boston Red Sox baseball team to New England Sports Ventures. At the time, the basketball team was on sale for $360 million—then the most expensive team in the history of the NBA. It made $23 million per year...
...Grousbeck told the audience that he immediately decided to raise and borrow money to offset the costs of purchasing the Boston Celtics by forming and leading an investment group...
...days just began to fly by and it didn’t feel like work. I’d be out there in the arena, I’d be risking it all while being part of something bigger than myself,” Grousbeck said...