Boston, MA – Following unanimous approval from the NBA Board of Governors, an investor group led by William Chisholm has completed the acquisition of a majority control position in the 18-time NBA Champion Boston Celtics.
Chisholm will serve as Governor, and Wyc Grousbeck and Aditya Mittal will serve as Alternate Governors. Grousbeck will be a Co-Owner and CEO, running day to day operations with Chisholm and the existing basketball and business management teams. Chisholm’s investor group is led by Co-Owners and Members of the Managing Board of the Boston Celtics, which includes Grousbeck, Mittal, Bruce Beal, Andrew Bialecki, Dom Ferrante, Rob Hale, Mario Ho, and Ian Loring. Global investment firm Sixth Street is also a major participant in the investment group.
“This truly is a dream come true for me and my family,” said Chisholm, who was born and raised near Boston and has been a lifelong fan of the team. “I feel so fortunate to be here as part of this new investor group, who are accomplished, driven people who care deeply about the Celtics and the Boston community. On behalf of our group I am thrilled to partner with Wyc, Brad Stevens and Rich Gotham to move this outstanding organization forward. We are committed to building on the legacy of the Celtics and raising banners, and I can’t wait for the team to get back out there this fall.”
Grousbeck added, “The Celtics have been my life’s work for the past 23 years. This incredible ride is now continuing. I am fired up to be shoulder to shoulder with Bill as we pull every lever to go after another banner. There is nothing better than winning.”
Chisholm added, “I specifically want to thank Wyc, Steve Pagliuca and their group for their stewardship of the Celtics for the past 23 years; as a fan I am so grateful for what they have done for the Celtics and the community.”
Founded in 1946, the Boston Celtics are one of the most storied franchises in professional sports, with 18 NBA Championships and over 40 Hall of Famers. Known worldwide for their tradition of excellence, the Celtics have shaped the history of basketball and remain dedicated to winning championships while making a difference in the community.