Longtime Boston Celtics principal owner Wyc Grousbeck will no longer remain team governor following the franchise’s $6.1 billion sale to a group of investors led by William Chisholm, sources told ESPN’s Shams Charania and Ramona Shelburne.
In a March statement confirming the record-breaking sale, Grousbeck said he agreed to continue as CEO and team governor for the first three years of the new ownership at Chisholm’s request. However, Chisholm is now reportedly expected to take on the governor role, cementing him as the Celtics’ representative on the NBA’s board of governors and giving him final say on all basketball-related decisions.
Grousbeck, 64, purchased the Celtics for $360 million in 2002. During his 23-year run as owner, Boston won two titles in 2008 and 2024, giving the franchise 18 all time. The club’s latest conquest broke a tie with its rivals, the Los Angeles Lakers, for the most NBA championships ever won by any team.
The league’s board of governors has yet to officially approve the ownership change, although it’s reportedly expected to be finalized soon. The Celtics’ $6.1 billion valuation surpassed the record for the largest sale of any North American sports franchise.
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