BREAKING: New Boston Celtics owner Bill Chisholm has declared his unwavering commitment to winning championships, stating, “Whatever it takes.” This urgent announcement comes just after the Celtics completed a historic sale for at least $6.1 billion, marking the largest price ever paid for an American professional sports franchise.
During a press conference on October 12, 2023, Chisholm, flanked by former lead owner Wyc Grousbeck, president Rich Gotham, and basketball operations chief Brad Stevens, emphasized his intention to build on the success of the franchise, which has celebrated two NBA titles in the last 23 years. “Let’s do whatever we can to win championships and raise banners,” he affirmed, highlighting his dedication to the team’s legacy.
Chisholm, a Massachusetts native and private equity mogul, expressed his lifelong passion for the Celtics. “The Celtics have brought me joy my entire life,” he said. “This was an opportunity that was a dream that came true. For me to have this chance, I would never forgive myself if I didn’t go for it.”
Grousbeck, who led the previous ownership group that purchased the Celtics in 2002 for just $360 million, will remain involved as CEO for the next five years but will transition to alternate governor for league matters. “I’m staying in, shoulder-to-shoulder with Bill,” he stated, echoing the collective desire for further championships.
With more than half of the previous ownership group also remaining, Chisholm made it clear that he is taking charge. “There’s a governor, and the governor has the final say, and that’s me,” he insisted. His leadership comes at a pivotal time as the team navigates the complexities of the salary cap and player recovery post-injury.
Currently, star player Jayson Tatum is recovering from surgery to repair a ruptured right Achilles tendon, which he suffered during the Celtics’ Eastern Conference semifinal loss to the New York Knicks. This injury has raised concerns about the team’s immediate performance as they aim for another title.
Chisholm also mentioned potential plans for a WNBA team in Boston, signaling a broader vision for the franchise. “It’s definitely something we’re going to look at,” he said, showing enthusiasm for expanding the team’s impact in the community.
The Celtics are at a crucial juncture, having traded key players Jrue Holiday and Kristaps Porzingis this summer to avoid hefty salary cap penalties. Stevens clarified that these trades were strategic to ensure roster flexibility, underscoring the importance of adapting to market opportunities.
As the Celtics prepare for the upcoming season, Chisholm’s message to the team is clear: “Let’s go for it, but let’s do it in a reasonable way.” With a focus on winning and maintaining flexibility, the new owner is ready to lead the franchise into a promising future.
Stay tuned for updates as the Celtics navigate this transformative period under new ownership.
