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Bill Chisholm’s Celtics bid has reportedly attained full funding, ownership group set
The sale, announced in March, still requires a favorable vote from the NBA's Board of Governors.
Almost two months after news broke of the Celtics‘ $6.1 billion sale to an investment group led by private equity executive Bill Chisholm, the official ownership contingent has been finalized.
According to a letter sent to Celtics shareholders, Chisholm has reached the requisite threshold of commitments from investors to officially complete the sale. The deal itself will not formalized until it passes a vote from the NBA’s Board of Governors, which per Adam Himmelsbach of The Boston Globe, is expected to happen “likely in June or July.”
At the time of the sale’s announcement in late March, Chisholm reportedly lacked the full commitment to fund the entirety of the multibillion-dollar fee (though this is reportedly not uncommon in deals of such immense size).
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If the governors vote to approve this summer, the new ownership group will buy a 51-percent stake in the Celtics. The rest will then transfer over in 2028, after current team governor Wyc Grousbeck officially steps down following the end of the 2027-2028 NBA season.
Chisholm has been a consistent presence courtside at Celtics home games since the announcement in March, often seated next to Grousbeck. Whether or not Boston has another home game this season will depend on the outcome of Friday’s Game 6 of the Eastern Conference Semifinals in New York, with the Knicks leading the series 3-2.
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