Wyc Grousbeck Exits Celtics Governor Role After $6.1B Sale to Bill Chisholm

Wyc Grousbeck, the longtime owner of the Boston Celtics, will no longer remain as governor of the team following its $6.1 billion sale to private equity investor Bill Chisholm, a shift from the original plan for him to stay through 2028. While Grousbeck is expected to retain the CEO title and serve as an alternate governor after the sale's completion, Chisholm will assume the governor role, with the transfer set to be finalized soon. The Celtics ownership group led by Grousbeck purchased the team in 2002 for $360 million, and he had originally intended to oversee a smooth transition, praising Chisholm for his resources and commitment to winning. Chisholm and his wife are also beginning to engage with the Boston community as they prepare for full ownership. The sale, which set a record valuation for an NBA franchise, marks a significant change in leadership for the historic team, which has won 18 NBA titles. This development is still unfolding and additional updates are expected.