Former Boston Celtics majority owner Wyc Grousbeck will no longer stay on as governor
The sale of the Celtics, which broke records at the time for the valuation of an NBA franchise at $6.1 billion, was also remarkable in that it had provisions within it that would have allowed Grousbeck to retain a position as the team's lead governor and CEO. Skepticism abounded in league media circles once that aspect of the deal was made public in light of how things went with Mark Cuban when he sold his own controlling shares of the ball club, and it seems that skepticism was justified.
The reasoning behind the change is not known to the public at present, with Charania only relating that "Grousbeck will no longer stay on as governor as part of the Boston Celtics' $6.1 billion sale to Bill Chisholm," and that the plan "had been for Grousbeck to remain through 2028."
The ESPN reporter also notes that "Chisholm assumes (the) governor title and the transfer will be finalized soon."
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