Rumors

"This just happened in Boston and in L.A. In Boston, Wyc Grousbeck, you know, decided—or came to an agreement with the new owners of the Celtics—that he’s not going to remain in charge. And he was going to remain in charge as the CEO. It’s a different kind of operation than mine. We haven’t seen what will happen with Jeanie Buss. Jeanie says she’s going to retain control." Mark Cuban: "You know, you’ve got to have 15% to be a governor, right? I have 27%. And that was intentional." "So what happened? Mark Cuban: There were things in the contract that I don’t want to get into. I’ve already said this—there’s no reason to relitigate it. It’s done. It’s done, right? I’d rather talk about Cooper Flagg and what’s next because I can’t change any of it. What’s done is done. I try not to look back and think, 'would’ve, could’ve, should’ve,' because that doesn’t change sh*t. I’m still a Mavs fan for life, and that’s what matters."

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“The day-to-day operational approach here is the same as it ever was,” Chisholm said. “Wyc and I are arm in arm here leading the charge with the Celtics. Frankly, the change that needed to be made was more of a league issue.” “Wyc’s ownership dipped below 15 percent, but it dipped below 15 percent for good reason. We had a lot of demand for investors to put money in, so we raised a little more money. I think that was in the best interest of everyone and the Celtics, because we want to make sure we have all the firepower necessary to chase championships, and Wyc has been that kind of team player all along.” Added Grousbeck: “When it became clear the governor title was not going to be available because of technical reasons, because of math, Bill said, ‘Well, then we’re just not going to use that word around the office.’ So that says a lot about Bill, that he doesn’t care. He just wants to do the right thing for the team, and I feel the exact same way. We’re shoulder to shoulder.”

Boston Globe

Mike Vorkunov: The group by Bill Chisholm has taken control of the Boston Celtics. Chisholm will serve as lead governor. Wyc Grousbeck and Aditya Mittal will be alternate governors. Grousbeck will be CEO and run day to day with Chisholm.

bsky.app

Ramaona Shelburne: According to multiple league sources, while Bill Chisholm will technically be the Celtics Governor, he and Wyc Grousbeck plan to run the team together as originally planned. But with Chisholm as Governor and Grousbeck as alternate Governor and CEO. The change in structure was due to league rules, including minimum ownership, sources said. Grousbeck will end up owning slightly less than the required 15 percent 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.

x.com

The NBA's Board of Governors was informed in recent days that Bill Chisholm will now assume the Celtics governor title moving forward, sources said.

ESPN

Wyc Grousbeck is expected to retain the CEO title, as planned, and be an alternate governor after the sale is complete, a source said.

ESPN

Shams Charania: Wyc Grousbeck will no longer stay on as governor as part of the Boston Celtics' $6.1 billion sale to Bill Chisholm, sources tell me and @ramonashelburne. Plan had been for Grousbeck to remain through 2028. Chisholm assumes governor title and the transfer will be finalized soon.

Twitter

The NBA’s Board of Governors is expected to approve Bill Chisholm’s bid to buy the Celtics when it meets here this week. A group led by Chisholm agreed to purchase the team from the Grousbeck family at a valuation of $6.1 billion. Fifty-one percent will be sold once the deal is final, with the balance closing in 2028. Lead governor Wyc Grousbeck is expected to remain in control until then.

Boston Globe

But Stevens said Chisholm has remained upbeat and has been a supportive voice during this challenging stretch. “Wyc is obviously still the governor and has been obviously very, very active,” Stevens said. “But I think Bill has been in pretty much every meeting or Zoom that we’ve had with the governors and ownership and everything else. So, he’s been great. I’m a big fan and he’s got a great way about him. I think he’s very smart. He loves the Celtics. He didn’t take over at the easiest of times when you talk about the second apron issues that we talked about the other day, and Tatum’s injury, and everything else. But he’s so level-headed and he’s got such a good way about him. I’m really excited to have him around.”

Boston Globe

When you see things happen like the Luka trade, right—it catches everybody off guard. What the f***. I was going to ask—what was your initial reaction to that? And it’s just like... do y’all hop in the owners’ group chat like, ‘Hey yo, what’s really going on?’ ’Cause y’all really kind of set the tone of how everybody has to conduct business going forward." Wyc Grousbeck "Well, I—you know—I hate to... I don’t want to really pick on anybody, but I’ll give you an honest answer. I think if we traded somebody of that level—which we’re not—but if we were, we would call everybody. And it would probably leak out, but you just got to take it. And then you get five picks back. Or six. I mean, Bane got four picks and a swap. And they got like one pick—or maybe two. So, I mean, it just feels like... you know... Now they’re ending up with Cooper Flagg, but it’s not... it’s not all connected really that way. I don’t know. I just... I guess I feel like it must have been painful for them to do it. So, they didn’t want to let everybody know about it, probably. And that’s kind of human nature, I guess."

YouTube

Now, is there any move that you regret not doing?" Wyc Grousbeck "Oh, I’m sure. Well, I do regret trading Perk, to be honest. That was one we all thought about, and there were discussions around the table. And I’ve got to sign off on the trades as the governor, lead owner. And I feel like I got kind of talked into it—but I did sign off. It’s not... you know, we’re all in it. And Jeff Green came back, and then he had a health problem. And—nothing against Jeff Green—he just won a championship, you know. But anyway, our team didn’t feel the same after Perk was gone. So, not everything goes perfect. Not that everything can go perfect—this year, you know, JT lost his Achilles. So yeah... You go for the highs, and you get through the lows, and you have a brotherhood that lasts for life."

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"That’s interesting that you say that, because a lot of people see Kendrick Perkins on TV and have different opinions about him. But if he’s not hurt in 2010—y’all win that chip." Wyc Grousbeck: "We probably did. And I love Perk to this day. *He wasn’t invited to our parade last year—that is true—because he had been giving people a lot of s**. And so I had family members of players saying, ‘If that guy’s in the parade, we’re not in the parade.’ I said, ‘Well, that’s... you know... okay, you win.’"

YouTube

Wyc Grousbeck: "Not always. Not always. I had one coach who told me—I’m not going to mention who—but one coach, who told me years and years ago: ‘We see you working out in the gym at our old practice facility.’ You wouldn’t have liked it—it wasn’t very nice. And I’m like, ‘Yeah, I’m working out at 8:00 a.m., and the guys come in at like 10:00, you know, or whatever.’ And he goes, ‘Well, it’s players only. That’s the NBA way.’ And I’m like, ‘But there’s nobody here. And it’s my gym. And I’m going to work out.’ And the next day, I come in and there’s a sign that says, ‘Players Only.’ So, that guy ended up departing. I was like, ‘He won’t be coaching very long.’ And I didn’t ask anybody. That’s the thing.

YouTube

What’s it like being able to purchase your favorite team?" Wyc Grousbeck "I’m the luckiest guy. I was 41 years old. It was 2002, and that was back when you could mortgage your house and buy an NBA team. And that’s what I did. I never had any money, but I didn’t do it for money—I did it for love. I did it for love. Jeff Teague was on our team. A great person, a great player. But the Celtics are a way of life, and I’m very lucky to be able to have my hometown team."

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