Wyc Grousbeck says the bidding process for the Celtics will begin soon

“I feel a responsibility and an honor to be able to find a great buyer for the team.”

Twenty-two years after taking over as an owner of the Celtics, Wyc Grousbeck and his family are looking to sell their majority stake in the franchise, a process that is “gearing up and about to hit full speed,” Grousbeck said in an interview with the Boston Globe this week.

Since the sale announcement that came just weeks after the team’s championship win, the Grousbecks and their advisors have been sifting through their finances and business data. They expect the bidding process to begin within the next month.

“My father [Irv] and I feel a responsibility and an honor to be able to find a great buyer for the team,” Grousbeck told the Globe.

The team’s large contracts for star players and the overall expense of operating the franchise reportedly contributed to the Grousbecks’ decision to sell. Grousbeck would not confirm or deny that reasoning, telling the Globe only that his family is operating as a “unified team.” In their initial statement announcing the sale, the Celtics referenced “estate and family planning considerations.”

Celtics co-owner Steve Pagliuca announced in July that he will be one of the parties bidding for majority ownership, and Grousbeck acknowledged how he has helped the team, including bringing in general manager Danny Ainge.

The Grousbeck family plans to first sell 51 percent of its shares, finishing the sale and closing the rest of the deal in 2028.