The sale of the Boston Celtics has officially closed, with an investor group led by William Chisholm taking control of a majority stake in the franchise.
Former co-owner Steve Pagliuca, who played a central role in guiding the Celtics to two championships during his 23-year tenure, released a statement congratulating Chisholm and the new investors. “It is a fantastic group of leaders, and they will be excellent stewards of the franchise going forward,” Pagliuca wrote on social media.
Reflecting on his time with the team, Pagliuca said the experience often felt like “living in a fairy tale,” having helped oversee multiple rebuilds and a return to championship success. Though stepping back, he and his family will retain a minority investment in the Celtics for the next three years.
The new investor group brings together major figures from real estate, private equity, and industry. Chisholm will serve as the team’s lead governor under NBA ownership rules, while Wyc Grousbeck remains CEO and alternate governor through 2028. “This incredible ride is now continuing,” Grousbeck said. “I am fired up to be shoulder to shoulder with Bill as we pull every lever to go after another banner.”
Among the high-profile investors is Aditya Mittal, CEO of ArcelorMittal, who contributed $1 billion and will also serve as an alternate governor. Other backers include Bruce Beal, Andrew Bialecki, Dom Ferrante, Rob Hale, Mario Ho, and Ian Loring, with global investment firm Sixth Street also involved.
Chisholm expressed excitement for the future: “We are committed to building on the legacy of the Celtics and raising banners. I can’t wait for the team to get back out there this fall.”
