The Boston Celtics' $6.1 billion sale to a group led by private equity mogul Bill Chisholm has been unanimously approved by the NBA Board of Governors and is expected to close shortly. As part of the transaction, Bill Chisholm will assume the role of the team's governor, replacing Wyc Grousbeck, who was initially expected to remain governor through 2028. Instead, Grousbeck will serve as the alternate governor and continue as CEO through the 2027-28 season. The change in leadership structure marks a departure from the original plan where Grousbeck was to stay on as lead governor. Despite the shift, Chisholm and Grousbeck plan to jointly run the team moving forward. The sale finalizes a record valuation for an NBA franchise, highlighting the growing market value of professional basketball teams.
NBA approves Celtics sale to private equity mogul Bill Chisholm for record $6.1B https://t.co/Xr2HJhWEEj https://t.co/j5tO8n4LDU
Where will the Sun wind up? Steve Pagliuca wants to move the franchise to Boston, Marc Lasry would keep it in Connecticut, and sources say Houston is the WNBA's preferred landing spot for the team. @AnnieCostabile explores potential futures for the Sun ⬇️
NBA owners signed off on Bill Chisholm’s $6.1 billion purchase of the Boston Celtics from the Boston Basketball Partners, according to the league https://t.co/h87Vms3eQ1