Wyc Grousbeck will reportedly step down as Celtics' lead governor, handing reins to Bill Chisholm after team sale
It's unclear whether the move is a change from the previously reported plan. When reports of the team's sale to Chisholm emerged in May, it was announced Grousbeck would remain the team's governor for three more seasons before handing things over the Chisholm.
"[Chisholm] has asked me to run the team as CEO and Governor for the first three years, and stay on as his partner, and I am glad to do so," Grousbeck's statement read at the time.
There's enough ambiguity there to suggest this may have always been the plan. Grousbeck's original statement doesn't mention "lead governor," but does mention he would stay on as a partner for a few years.
It sounds like that will still be the case. Grousbeck is giving up his "lead governor" title, but will remain the team's alternate governor and CEO through 2028.
When the sale was announced in May, Grousbeck had nothing but good things to say about Chisholm, calling him a "terrific person and a true Celtics fan."
Grousbeck, with the help of an investment firm, purchased the Celtics for $360 million in 2002. He served as the team's CEO and lead governor most recently.
To the surprise of many, Grousbeck announced in 2024 that he was looking to sell his majority stake in the team. The announcement came just weeks after the Celtics defeated the Dallas Mavericks to win the NBA championship.
It didn't take too long for a deal to come together. Just months later, Grousbeck announced the franchise's sale to Chisholm. The sale was announced for $6.1 billion, a North American record at the time.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
a minute ago
- Associated Press
Raiders' Ashton Jeanty shows big-play ability in joint practice with the 49ers
HENDERSON, Nev. (AP) — The 49ers bottled up Raiders running back Ashton Jeanty for the most part Thursday, similar to what Seattle did in a preseason game a week earlier in holding him to minus-1 yard on three carries. But Jeanty still provided a reminder in the joint practice of why he was drafted sixth overall this year by Las Vegas. He found an opening to the left side of the offensive line, hit the hole hard and was off and running for a 72-yard touchdown. 'He learns and he grows with every single experience,' Raiders quarterback Geno Smith said. 'That's something that's going to make him a great player because he's getting better (each) day. He definitely took another step today.' The teams practiced in front of more than 2,000 fans at the Raiders' facility, and they will meet in a preseason game Saturday at Allegiant Stadium. The domed stadium will provide a much different atmosphere than the outside fields in which the temperatures pushed 100 degrees. San Francisco coach Kyle Shanahan said he is planning to play at least some starters on Saturday, including possibly quarterback Brock Purdy for the first time this preseason. But the banged-up 49ers are missing several potential starters to injuries that kept them out of the practice Thursday and also will for the upcoming game. Defensive end Nick Bosa (neck) was among those not practicing, a list that included safety Jason Pinnock (heel), cornerback Tre Brown (heel), guard Ben Bartch (elbow), cornerback Upton Stout (calf), wide receiver Jordan Watkins (ankle) and defensive end Robert Beal (abductor). Then on Thursday, defensive tackle C.J. West hyperextended his knee and is expected to miss at least one week. 'I think there are three healthy starters on defense right now, so I have to decide on those three guys,' Shanahan said about the game Saturday 'But it does put a lot more pressure on the threes. The twos become the ones, the threes become the twos, and we don't really have threes right now. I look at it all and how much time you're getting in the next few weeks, and I'd like to get a lot of work for as many guys as I can on Saturday.' The Raiders are much healthier, but rookie wide receiver Dont'e Thornton — who has been practicing with the starters — banged his head and left practice. Raiders coach Pete Carroll said he didn't think the injury was serious. Keeping it mostly calm The intensity between the former Bay Area rivals increased as the temperatures rose, but the four skirmishes were minor. 'We were out here missing 20 guys,' Shanahan said. 'We have some positions that don't really have enough to go. If you get punched and you throw a punch back, I told the guys, it shows how mentally weak you are because all you're going to do is leave five guys left to do the whole practice.' Carroll said it was important for the focus to be on the tasks at hand. 'We come here to play good football and get better, and I think both sides did a great job of showing that,' Carroll said. Pumping up a teammate Raiders wide receiver Tre Tucker dropped a pass at one point in the practice, and Smith immediately went over and gave him a pep talk. Tucker responded by making two outstanding touchdown catches, one falling on his back in the end zone and the other over 49ers standout cornerback Deommodore Lenoir. 'We strive for perfection, but we're all human,' Smith said. 'The main thing whenever a guy makes a mistake or anything happens out there that we don't want to happen, it's about showing that we have each other's back. That's what we're here for, and they do it for me as well.' Seattle in Las Vegas The 49ers and Seahawks are NFC West rivals, so it should be a little surprise that the Raiders' defense looked a little familiar to San Francisco players. Carroll is in his first season in Las Vegas after 14 years in Seattle where he made the Legion of Boom defense among the NFL's fiercest. 'You could see them doing that now, which is pretty cool,' Purdy said. 'I think they're going to continue to get better with it when you've got (Raiders defensive end) Maxx Crosby and those guys rushing the pocket. They had a couple good reps today of getting in there, so disruptive, but still pretty good scheme-wise overall. So it was good going up against them.' ___ Freelance writer W.G. Ramirez contributed to this report. ___ AP NFL:
Bloomberg
a minute ago
- Bloomberg
Intel Stock Climbs 7% as Trump Admin Weighs Stake
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Rockefeller Global Family Office's Jimmy Chang, Bank of America's David Tinsley, Morgan Stanley's Alex Straton, Harvard University Professor Ken Rogoff, Motley Fool Asset Management's Shelby McFaddin, Malibu Boats' Steve Menneto, PIMCO's Libby Cantrill, The Conference Board's Dana Peterson. (Source: Bloomberg)
Associated Press
a minute ago
- Associated Press
Maye and McCarthy show progress in Patriots-Vikings joint practices
EAGAN, Minn. (AP) — The top quarterbacks in last year's NFL draft accounted for six of the top 12 picks, and they had a wide range of results in their rookie year, from award-winning to not applicable. Drake Maye, though picked as an injury replacement for the Pro Bowl, had a bumpy debut while the New England Patriots went 4-13. J.J. McCarthy didn't play at all for the Minnesota Vikings, after he was sidelined by a torn meniscus in his right knee. The bright side for both players was plenty of room for real progress, which became a bit easier to envision this week during joint practices between the Patriots and Vikings. McCarthy stole the show on Thursday, producing perhaps his finest performance of training camp in terms of accuracy, decisiveness and head-turning completions during full-team drills, particularly in 11-on-11 red zone situations. 'There's going to be some throws where you've got to squeeze it in a window, some throws where he threw it up and over some guys and found some open grass with the ability to throw the football in different ways,' Vikings coach Kevin O'Connell said. 'All things we've been working on, all things he's talented and capable of doing, but to do it in this setting should give him some confidence moving forward.' O'Connell has been stressing to McCarthy the importance of 'layering' his throws, depending on where the defenders are and what route his receivers are running, so that every pass doesn't leave his hand with the same velocity. The Vikings have raved at every turn about McCarthy's eagerness to learn and improve since he was first injured a year ago, and that has shown up in practices with the way he's thrown the ball at different angles and speeds to the right places. The 10th overall pick last year was particularly proud of the touch he had on a pass to Jordan Addison on Thursday in the back of the end zone. 'I think I'm one of the most accurate guys out there,' McCarthy said. 'Just being able to take it day by day and really hone in on every single throw.' Maye made strong throw after strong throw down the field on Wednesday against a Vikings defense well-known for causing confusion for opponents, but the production by the first-team Patriots offense on Thursday left more to be desired, with the pass rush spearheaded by Jonathan Greenard frequently causing problems for an offensive line that has plenty to prove this season. 'We've got to give him time, period,' center Garrett Bradbury said. 'As much time as he needs.' Learning to lead New Patriots coach Mike Vrabel has been leaning on Maye, the third overall pick last year, to become more demonstrative in huddles and meetings. 'It's not that it's lacking. I always want more. I think I have to as a coach,' Vrabel said. 'We always want to try take a player and meet them where they're at and then be able to improve on that.' Maye said he has been embracing the challenge. 'I want somebody to push me to do more for the team, have more of an impact with the guys around me,' Maye said. 'I feel like if I have that and if I feel like I'm not showing it myself, then I need somebody to push me along.' McCarthy has turned plenty of heads with the Vikings for his beyond-his-years leadership potential. 'He doesn't feel like a young guy,' tight end T.J. Hockenson said. 'The way he controls the huddle, his energy in the huddle, how he talks about the game and the mentality is high-level thinking.' Happy birthday, dear coach ... Vrabel celebrated his 50th birthday on the practice field, naturally, but he did have a favorite dessert in mind for later to mark the milestone. 'It's carrot cake. That's it. There's one answer. There's no hemming and hawing,' Vrabel said. ___ AP NFL:
