The Greg Hill Show: Chris Mannix explains what changed in the agreement to keep Wyc Grousbeck on as Governor

Watch The Greg Hill Show: Chris Mannix explains what changed in the agreement to keep Wyc Grousbeck on as Governor - WEEI-FM / WEEI on Dailymotion

Transcript

00:00what changed well this sale is is still being reviewed by the league office and as it has been

00:09reviewed um there's some boxes that needed to be checked and one is that in order to be uh the

00:17governor of the team you have to own at least 15 of the team and while wick grousebeck is to my

00:25understanding you know going to be taking some of the money from the sale and effectively buying back

00:30in to to to the ownership group um he is not going to own 15 of the team the only person individual

00:39with 15 ownership is going to be bill chisholm so this is this is purely a a rules situation where

00:48the nba has it in their their bylaws that you know you cannot be a team governor unless you own 15

00:55percent of the team but don't they know that going into this for wick to make that announcement

01:00that he's selling the team but then also that he's going to stay on why wouldn't that have been ironed

01:04out before making an announcement like that well i i do think that the the announcement was a little

01:12premature you know that they you know they could say whatever they want but the nba has got its rules

01:18and they're not going to approve uh a governorship of somebody that doesn't own 15 of the team now

01:25when this deal was done it was done really in name only when it was announced there was still

01:30a lot of uh financial aspects to it where bill chisholm was still out there um you know putting

01:36together the finances of the deal wick grousebeck was still figuring out you know his financial part

01:42of a stake in the team i i don't know this for a fact but i'm guessing that they weren't entirely sure

01:47what the league rules were on governorship and and how it it required the 15 to stay on

01:54as the governor i'd also add that you know it is a league rule but i know there are people in

02:00in the league office that are a little uneasy with the uh this sort of idea that there could

02:08be owners out there selling their teams and trying to maintain control of their teams contractually