BOSTON — The NBA approved the $6.1 billion sale of the Boston Celtics to a group led through private equity executive Bill Chisholm, marking the largest transaction in league history.
Chisholm replaces Wyc Grousbeck, who owned the team since 2003 and oversaw two NBA championships.
Chisholm pledged to prioritize winning and confirmed the current management team will remain in place. His group will initially hold a 51% stake, with plans to take full control in 2028. No changes are planned for the team’s location or operations, with TD Garden continuing as the home venue.
Chisholm emphasized ongoing community engagement and a strong commitment to the franchise’s legacy. NBA Commissioner Adam Silver expressed confidence in the team’s future under Chisholm’s leadership.