00:00it is official bill chisholm is now the governor unanimously approved governor of the boston celtics
00:10so so i i don't think it's it's done yet it was approved by the board of governors
00:15it's approved it's the the last line is the transactions expected to close shortly okay
00:21it's barring any uh any calamity yes barring anything chaotic it's going to be bill chisholm
00:28as the guy and wick gross met gross back as alternate governor if you listen to the story
00:35yesterday and now it makes sense because that releases that releases from the nba that was from
00:40the nba yeah okay so the league has okayed the sale i know there were some loose questions about that
00:45the league has okayed the sale all right now it makes sense i'm just speculating here let me just
00:49speculate this is what happened sham sharanya uh has a source has many sources source in the nba uh
01:00in the front office or the just the higher the higher regions of the of the nba
01:07industrial complex okay he's got sources source says to him hey this just just so you know the
01:15celtics thing is going to go down and bill chisholm is going to be the governor not wick gross back
01:23and so he reports wick out okay now maybe that was a little maybe a little speedy on the tweet wick out
01:35and i'm telling you i have never seen such a flurry of activity locally and nationally
01:45to come up and clean you know we're gonna put the proper context on this no no no no no no wick's not
01:50out wick's still a part of it this is always the plan he's going to be the alternate governor he's going
01:56to be the ceo like wait a minute what the hell is going on here it's just like a a barrage
02:03of reports and clarifications and contextualizations okay listen if it's not a big deal
02:12why are you guys making a big deal to clarify this i think it surprised gross back that shams got it
02:20before they could put out the announcement they would like a lot of things like a lot of things people uh
02:27people who are in the news want the news on their terms they want it announced on their terms so they
02:33can manage it and give it a nice soft landing or whatever it is and when it gets out before they
02:38want it to get out they start to freak out a little bit so i think that's what happened i think it was
02:43a little bit of a sense i think it was a little bit of a freak out uh yesterday because the news
02:48popped out before folks were ready for it to come out so you said something um yesterday that i
02:56hadn't heard about the was it 15 15 you have to have at least 15 in order to be the to be the
03:02controlling governor or whatever and wick is not at 15 so might it be the reason why
03:09this sort of dragged a little bit because that's what they wanted that maybe like wick
03:15wanted to sort of run the team and why did he but the nba said yeah that's great but you can't do it
03:23with such a small stake so they had to get that figured out and now but he still can't but he's
03:30still not at 15 right so he's not slightly under 15 according to ramona which is weird yeah you know
03:37it's it's this is a big game this is how great business has been though because you pointed out you
03:44made an excellent point yesterday off the air because you're an enhancer of talent since 2000
03:50since 2000 you're an enhancer of talent you don't want to make the points let other people make the
03:54points on the air you'll just make it off the air so we can get to it wick as the as the owner
04:01and i'm putting that in quotes because we know it was you know dad was the family had like 23 he had
04:07actually like anywhere from 1.5 to 3 depending on who you talked to as the owner of the celtics
04:15he had less than he has now after selling the franchise that's because business has been good
04:21they came in at like 275 million dollars buying the franchise and they sell it at 6.1 billion dollars
04:30i think that's a good i'm not great at math that's a pretty good return on investment
04:34so you take the money that you earn and you kind of throw it back in there and say give me my 15
04:39almost right and and life is pretty good so he has that but that's not what i'm i'm more i'm more
04:45interested in this paul and alex why would bill chisholm buy a team and want somebody else to run it
04:55for three years if that's what he wanted or two years or a year or three weeks why buy the team
05:00that's what i want to know like what i don't think he did want that and i don't think it's a coincidence
05:05that he's slightly under 15 that's too say more say more i like what you're saying that's coincident
05:11that's too coincidental to me why if you need 15 to be this controlling governor yeah and he comes in
05:18at just under 15 i mean maybe it's a coincidence but my guess is bill chisholm wanted to make sure he
05:25was under 15 and no no no i i i bought the team i paid 6.1 billion i'm the controlling governor
05:35or or i i didn't pay 6.1 but i to watch you i got this group together i got the group together because
05:43you know there there's a lot there's a lot to um i'm telling you the financial reporters
05:48there's there's a lot to get into with where the money is coming from to come up with this 6.1
05:57billion dollars so that was the other thing right there were some questions about was
06:01chisholm gonna have the capital and there's private equity involved in the nba limits right
06:04private equity ownership birth yep so the other thing just on on wick because it's similar to what
06:11happened with uh mark cuban with the mavericks a few years ago where there was this deal where he was
06:16going to stay on and run the team after the sale and then that evaporated is this just maybe some
06:21negotiating point that these guys use in these sort of deals where i'm going to stay on right i'm
06:26going to sell you the team i'm going to stay on but then it's all right well you're buying the team
06:30what do you do for me to get me off sooner right to to have me leave this role soon or something yeah
06:34that's a that's a good point because i i look at the structure and just say it applies to any sport
06:40just think of any sport where there are co people in like co general managers co owners co what the
06:50structure doesn't work i i don't i can't think of any situation where you look at you want to go to
06:58somebody for accountability and they say well it's not just me it's it's both of us now family businesses
07:05are different like with the patriots it's the crafts but we know it's it's robert and jonathan but are
07:10they are they doing this together are they both making joint decisions i i don't know i i can't think
07:19of a such of a successful setup where it's two people who are not in the same family making decisions
07:30about a franchise because you know what that structure that split thing that co-owner co-governor
07:36thing leads itself to divisions yeah clicks um somebody has to have the very very very awkward uh
07:47difficult disagreements i just i don't think a championship organization i can't think of a
07:55championship organization where that works there's somebody out there is listening to say oh yeah well
07:58you forgot about this one but i can't i really can't i have a long-term question here is is if
08:05chisholm has say 16 and i hope that we find out the percentages of ownership and wick has slightly under
08:1315 so say 14 14.97 is this a long-term play where wick gets to 17 by 2030 in the same way that my
08:25understanding is pags bought more and more shares over time he bought out other owners where he
08:31became number two to irv uh in the ownership group so could wick be long playing it so that
08:37he ultimately in 2030 becomes these the controlling equity owner can't let go huh can't let it go no
08:45it's pretty clear he doesn't want to yeah he didn't want to he didn't want to he was surprised by this
08:50when irv put the team up for sale and so where does uh where does pags where does pags land he's
08:55buying a wnba team well he's trying to got competition for that but it and it's not clear
09:01on this because i saw him do an interview it was a great interview i think it was bloomberg or some
09:06uh some internet bloomberg international uh this is about a month ago it's great setting he's sitting
09:13out there talking to this guy he's talking about his soccer team which is pretty successful and
09:17talking about basketball trying to buy the nhl in like oh five he said he's still a partner
09:25he's still a partner with the celtics now is that true is well until the sale is closed to chisholm
09:32officially that is accurate i believe so but then when chisholm buys a team is pags not going to be
09:38associated with the celtics this is why this percentage thing needs to come out i need to know
09:42who has shares in the team going forward so i can uh appropriately criticize as needed
09:50it's a lot it's a it's a it's a lot a lot going on behind the scenes there but uh but the news is
09:57that is you say that michael are you sitting on a piece of information well you know what do you mean
10:03by that you know you know big game james did your apple watch go off mass you know you know big game
10:09james you know you've had certain things as a as a reporter you have to get multiple sources and
10:15you have to check oh michael between two and six today uh one source brown check mark will do sir
10:21listen i'll let you be the brown you are you are a brilliant brown check mark guy i'll let you i'll
10:26let you be the brown check mark guy i'm gonna just keep working this thing you and your integrity
10:32something that's going too far integrity no i'm not i never claimed to have great integrity but
10:40yeah something something is just a little off here do i have to tune in at 10 o'clock tonight
10:44for boston sports tonight with holly or or give me a call tomorrow breaking news
10:50give me a call tomorrow maybe i'll do the uh do the breaking news here and in the meantime
10:56on top of all that the celtics are the first amazon prime game which is going to send felger into a
11:01frenzy a game they're going to be the first team on the internet right gotta log in but amazon but
11:09that's what we will have more on that coming up but that's one of the easy ones isn't it that's one
11:14of the easy ones absolutely no amazon's kind of because you have to go you have to navigate through
11:19the whole amazon app not just the the amazon one always bugs me they've come a long way since their
11:25first foray in the thursday night football when when they like that first year of thursday night
11:29football terrible brutal awful so i i hate them all not necessarily because of the the quality of
11:35pitcher or anything like that it's just i don't like being locked in i want to move around right
11:41you want to move around and and you don't i don't watch commercials yeah just jumping out yeah remember
11:46the first year um and i don't think they've changed this that first year it was that same damn kevin hart
11:52commercial oh yeah i mean yes it was to say do you have a variation on this commercial could you
11:59change it up a little bit it's the same one he's sitting on the couch he's doing that
12:04can you change the outfit can you change the channel when you're streaming by accident yes all
12:09the time it drives me crazy all the time i just figured i was the only dinosaur around and i don't
12:14do it because i'm you know fiddling around you get the two tv setup going that's the way to do it yeah
12:19some of us you know don't necessarily have those luxuries fair enough those those reasons you got
12:23those resources come on that is i couldn't afford two tvs but i don't have a room with like multiple
12:29screens yes you do at the stadium you probably got at the stadium you probably got like 10 10 12 tvs
12:35all kinds of stuff
