The Boston Celtics have officially entered a new era of ownership following unanimous approval from the NBA’s Board of Governors. Bill Chisholm and his investor group, who purchased the franchise in March for a record-setting $6.1 billion, now hold control of the league’s most decorated team.
On Tuesday, the organization unveiled additional information about the ownership group and future leadership structure. Chisholm will serve as the team’s new governor, while longtime executive Wyc Grousbeck will continue as CEO, co-owner, and alternate governor. Aditya Mittal, a key investor, will also take on an alternate governor role.
Calling the purchase “a dream come true,” Chisholm expressed gratitude and excitement about the transition. “I am honored to join such an accomplished group of people who are deeply committed to both the Celtics and the Boston community. Alongside Wyc, Brad Stevens, and Rich Gotham, we are determined to carry forward the Celtics’ tradition of excellence and compete for more championships.”
The broader ownership group includes Bruce Beal, Andrew Bialecki, Dom Ferrante, Rob Hale, Mario Ho, and Ian Loring, with private equity firm Sixth Street also investing. Initially, Chisholm was still finalizing his partners when the sale was announced, but by closing, the funding was fully secured.
Although it was originally expected that Grousbeck would remain governor for a few more seasons, the deal was slightly restructured before finalization. Grousbeck will now continue running day-to-day operations in collaboration with Chisholm and the established basketball and business leadership teams.
Reflecting on his tenure, Grousbeck said, “The Celtics have been my life’s work for the past 23 years, and I couldn’t be more excited to continue working alongside Bill in pursuit of another championship. Nothing compares to winning.”
The transition comes at a pivotal moment for the Celtics, who are undergoing major changes both financially and on the court. The team recently cut payroll to ease luxury tax penalties, while star forward Jayson Tatum’s Achilles injury has reduced expectations for the 2025–26 season. Still, with Chisholm now steering ownership, the franchise’s long-term direction will be closely watched.
In closing, Chisholm thanked the outgoing ownership group: “I especially want to recognize Wyc, Steve Pagliuca, and their partners for guiding the Celtics with such dedication over the last 23 years. As both a fan and an owner, I am deeply appreciative of everything they’ve done for this organization and the community.”
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