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After Celtics' sale closes, the reason for their latest shakeup comes to light

Here's why Wyc Grousbeck will own less than a 15 percent stake in the Celtics.

Boston Celtics co-owner Wyc Grousbeck. | Elsa/GettyImages

There was a required reshuffling before the NBA's board of governors could approve the $6.1 billion sale of the Boston Celtics.

Instead of the original plan, Bill Chisholm will take on the role of lead governor for the franchise. That was supposed to go to Wyc Grousbeck. However, league rules dictate that this position cannot go to someone who owns less than a 15 percent stake in a team.