Bill Chisholm will assume the Boston Celtics’ governor role as soon as the National Basketball Association approves his $6.1 billion purchase of the franchise, according to multiple league sources and media reports. The change abandons a succession plan announced in March that would have kept current governor Wyc Grousbeck in charge until the 2027-28 season. Under the reworked arrangement, Grousbeck will stay with the club as alternate governor and chief executive officer through 2028, but Chisholm will take over day-to-day control once the deal closes. The transaction calls for Chisholm’s group to acquire 51 percent of the team immediately, with the remaining shares scheduled to be transferred in 2027-28. The NBA’s board of governors is expected to vote on the sale within the next week. The agreement, initially valued at a record price for a North American professional sports franchise when struck, has taken roughly five months to reach the approval stage, longer than several recent team transfers.
In A Shocking Twist, Wyc Grousbeck Will No Longer Stay On As Governor As Part Of The Celtics $6 Billion Dollar Sale https://t.co/y9Ptfo51fl https://t.co/9G4WsGIsLT
Wyc Grousbeck will not be the Boston Celtics governor when the sale of the franchise to Bill Chisholm is complete, according to a source. He will instead be the alternate governor and remain CEO through 2028.
Confirmed w/ source. NBA govs vote scheduled w/in the next week. Still unclear how/why this changed. Wyc remaining as lead gov was key part of Chisholm bid. Wyc will be alt gov and CEO at closing. https://t.co/8au2MWQZ0Q