Wyc Grousbeck will reportedly remain CEO of Boston Celtics, serve as alternate governor
Per senior ESPN reporter Ramona Shelburne in a recent social media post, "while Bill Chisholm will technically be the Celtics Governor, he and ... Grousbeck plan to run the team together as originally planned." This will have Chisholm as the team's official governor and Grousbeck serving as an alternate governor, according to Shelburne.
"The change in structure was due to league rules, including minimum ownership," adds ESPN. "Grousbeck will end up owning slightly less than the required 15% given final funding for the transaction." Operations of the team should remain consistent with Brad Stevens and Rich Gotham continuing to run basketball and business operations."
A closer read suggests that little is changing in the terms of the agreement from Grousbeck and Chisholm's point of view, with the main changes being semantic in order to satisfy what the NBA requires in terms of official team representation.
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