The Boston Celtics are poised for a seamless transition in ownership, with new owner Bill Chisholm at the helm. This optimism stems not only from Chisholm's vision but also from the continuity of the existing leadership team, including former lead owner Wyc Grousbeck and current president Rich Gotham. In a recent news conference, Chisholm emphasized his commitment to maintaining the team's successful trajectory, stating, "Let's do whatever we can to win championships and raise banners, and raise as many as we can."
Chisholm, a Massachusetts native and seasoned private equity investor, has acquired the Celtics for a staggering $6.1 billion, a record-breaking price for an American professional sports franchise. The deal was unanimously approved by the NBA last month, marking a significant moment in the league's history. During the press conference, Chisholm expressed his lifelong passion for the Celtics, saying, "The Celtics have brought me joy my entire life. I feel like I have something to add here." His deep-rooted connection to the team underscores his dedication to its future success.
Grousbeck and co-owner Steve Pagliuca previously purchased the Celtics in 2002 for $360 million, during which time the team clinched two NBA championships and made playoff appearances in 20 out of 23 seasons. Their leadership saw the Celtics win their most recent title in 2024, led by stars Jayson Tatum and Jaylen Brown. Grousbeck announced that he will remain with the team as CEO for the next five years, although his ownership share will decrease, preventing him from serving as the designated governor for league matters. He will, however, take on the role of alternate governor, stating, "I want a third ring. And then I want a fourth ring."
Chisholm reassured fans that over half of the previous ownership group will remain involved, alongside key figures like president of basketball operations Brad Stevens and head coach Joe Mazzulla. He clarified, however, that he will have the final say in decisions, asserting, "There's a governor, and the governor has the final say, and that's me." This clear delineation of leadership roles aims to maintain stability during this transitional phase.
Chisholm also voiced his support for the potential introduction of a WNBA team in Boston, following the Connecticut Sun's availability for sale. Pagliuca, who previously attempted to acquire the Sun, had his offer declined due to the league's prioritization of cities that have applied for expansion teams. Chisholm remarked, "It's definitely something we're going to look at. We'll do what we can to expedite things." His enthusiasm reflects a proactive approach toward expanding Boston's sports landscape.
Regarding the Celtics' home base, Chisholm expressed his satisfaction with TD Garden, stating, "We've got a great thing going right now." He highlighted the team's positive relationship with the venue, saying, "More importantly, the team and the players really like the Boston Garden. And equally important, the fans really like the Boston Garden." This endorsement suggests that the Celtics will continue to thrive in their current location.
The Celtics face challenges as they navigate the complexities of the NBA salary cap. Chisholm steps into his role during a transitional period, just two seasons after the team’s latest championship. Star player Jayson Tatum is currently recovering from surgery on a ruptured right Achilles tendon, which hindered the Celtics' playoff run. Additionally, the team traded key players Jrue Holiday and Kristaps Porzingis this summer to avoid penalties associated with the second apron of the NBA's salary tax.
Grousbeck indicated that these trades were planned regardless of the ownership change, while Stevens emphasized the importance of roster flexibility. "You have to give yourself the flexibility and opportunity to jump at the right deals," he explained. Chisholm echoed this sentiment, stating that while the goal is to win, it must be done sensibly. "Let's go for it, but let's do it in a reasonable way," he affirmed.
In summary, as Bill Chisholm takes charge of the Boston Celtics, there is a palpable sense of anticipation surrounding the team's future. With a commitment to winning, continuity in leadership, and a willingness to adapt, the Celtics are set to embark on a new chapter in their storied legacy.
