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2w ago

NBA Board Approves $6.1B Celtics Sale; Chisholm to Replace Grousbeck as Governor

Grousbeck’s sub-15% stake shifts the governor role to Bill Chisholm under NBA rules as the sale nears closing.

Apr 4, 2025; Boston, Massachusetts, USA; Bill Chisholm, center, who leads a group that is buying the Boston Celtics, stands with current owner Wyc Grousbeck and Chisholm’s wife, Kimberly Chisholm before the game between the Boston Celtics and the Phoenix Suns at TD Garden. Mandatory Credit: Winslow Townson-Imagn Images/File Photo
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Mar 2, 2025; Boston, Massachusetts, USA; Boston Celtics majority owner Wyc Grousbeck cheers on the Celtics during the during the second half against the Denver Nuggets at TD Garden. Mandatory Credit: Paul Rutherford-Imagn Images
INDIANAPOLIS, IN - MAY 27: The Boston Celtics celebrate winning the Eastern Conference Finals of the 2024 NBA Playoffs on May 27, 2024 at Gainbridge Fieldhouse in Indianapolis, Indiana. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2024 NBAE (Photo by Ron Hoskins/NBAE via Getty Images)

Overview

  • The NBA Board of Governors voted unanimously Wednesday to approve the sale of the Boston Celtics to Bill Chisholm’s group, a final step expected to conclude within days.
  • Funding allocations left Wyc Grousbeck with less than the NBA’s required 15% stake to serve as lead governor, prompting Chisholm to step into that role upon closing.
  • Under the revised plan, Grousbeck will continue as CEO and an alternate governor through the 2027–28 season to support the partnership with Chisholm.
  • Chisholm’s March agreement to acquire a majority stake valued the team at $6.1 billion, a pro-sports record at the time that was later surpassed by the Lakers sale.
  • The ownership change coincides with significant competitive shifts, including Jayson Tatum’s ruptured Achilles, key roster moves and major payroll and luxury-tax reductions.