
Current Boston Celtics owner Wyc Grousbeck will no longer serve as a governor following the team's pending $6.1 billion sale, ESPN's Shams Charania reported Tuesday. Pending owner Bill Chisholm, a managing partner at Symphony Technology Group, will instead assume the title of governor.
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. Grousbeck was expected to remain in the role until 2028.
It's unclear what changed since then that resulted in Grousbeck deciding to leave the team sooner. 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 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.
This story will be updated.
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