
Boston Celtics Finalize Sale to Bill Chisholm: 'Coming in 2nd Is Not Acceptable'
"Coming in second is not the objective, and it's not acceptable," private equity mogul Bill Chisholm said Tuesday after taking control of the team from Wyc Grousbeck. "The ultimate yardstick is winning championships. Wyc's got two, and we're going to get more, and he and I together are going to help drive that."
Chisholm leads a group that bid $6.1 billion for the Celtics — a record price for an American professional sports franchise. The NBA unanimously approved the deal last week, and all that was left was for the money to change hands on Tuesday.
"We are committed to building on the legacy of the Celtics and raising banners," Chisholm said. "And I can't wait for the team to get back out there this fall."
A Massachusetts native, Chisholm said his earliest Celtics memories are of the Dave Cowens, JoJo White and John Havlicek teams that won two NBA titles in the 1970s, but he really fell hard for the teams with Larry Bird, Robert Parish and Kevin McHale that added three more banners to the Boston Garden rafters in the '80s.
"I became a rabid fan during the Bird, McHale, Parish era. That was my team," Chisholm said in an interview with The Associated Press shortly after the deal was finalized. "How can you be a teenager in Massachusetts, or New England, with that group and not end up being a lifelong Celtics fan?"
The team was put on the market last summer, soon after Tatum and Brown vanquished the Dallas Mavericks in the NBA finals. Chisholm won the bidding in March and leads a group that now has majority ownership control of the team, with full control coming by 2028 at a price that could bring the total value to $7.3 billion.
That's the highest price ever paid for a team in the four major North American sports, though a piece of the Los Angeles Lakers changed hands this summer at a price that would value the entire franchise at $10 billion.
Other investors include Aditya Mittal, Bruce Beal, Andrew Bialecki, Dom Ferrante, Rob Hale, Mario Ho and Ian Loring. Sixth Street is also a "major participant" in the investment group, the team said in a news release.
Grousbeck and co-owner Steve Pagliuca led a group that bought the Celtics in 2002 for $360 million and presided over an era in which the Celtics won two NBA titles, lost in the finals two other times and made the playoffs in 20 of 23 seasons. The team's most recent title came in 2024, led by Jayson Tatum and Jaylen Brown.
Team president Rich Gotham, general manager Brad Stevens and coach Joe Mazzulla are all expected to remain in their positions. Chisholm will represent the team in league matters as governor, with Grousbeck staying on as co-owner, CEO and alternate governor to run the day-to-day operations alongside Chisholm.
"We've got a really solid core to the roster. We've got, I think, the best basketball people that there are. And we've got a really talented business operations team," Chisholm said. "And then we've got a leader like Wyc. I mean, why would you go make major changes to that?
"I think there are things we can always improve on," he said. "But that is a really, really good place to start."
Grousbeck said he can already tell that Chisholm understands the significance of owning one of the NBA's charter franchises, with its unmatched 18 championships and a history of Hall of Famers from Red Auerbach, Bob Cousy and Bill Russell to Paul Pierce and Kevin Garnett.
"It's an unbelievable responsibility, and an unbelievable thrill," Grousbeck said. "But it's a huge challenge because the greats built it. And we're just here trying to maintain the legacy, which is a great honor."
Chisholm takes over the team in a bit of a transition just two seasons after its latest title.
Tatum is recovering from surgery to repair the ruptured right Achilles tendon injury he suffered in Boston's Eastern Conference semifinal loss to the New York Knicks, dooming the Celtics' hopes of a repeat. Jrue Holiday and Kristaps Porzingis — key parts of the title-winning team — were traded to avoid the NBA's punitive second apron payroll tax. Another key player, Al Horford – who came off of the bench or subbed in for the oft-injured Porzingis the past two years – remains a free agent.
Grousbeck said the days of outspending opponents to win championships are over.
"We had our two years at supermax, 100 mph, and now you take a year to reset a little bit, which every team will be doing," Grousbeck said. "And we'll be back. We're coming back as hard as we can."
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‘No Colon, Still Rollin'': Cass Bargell, US scrum-half and ostomy advocate, sets sights on World Cup
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13 minutes ago
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Money over love? How finances are affecting romantic relationships
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Efton Chism III to trouble for Russell Wilson: NFL preseason storylines that actually matter
Most of the preseason is noise. Starters sit. Teams don't game plan. Coaches roll out bland schemes, evaluating their own roster rather than attacking the opposition. But there are always some threads that have a real, actual bearing on the regular season. Here are five storylines that look like they will matter in 2025. Jaxson Dart The Giants entered the year with a well reasoned quarterback plan. They would use 36-year-old Russell Wilson as a bridge starter until first-round pick Jaxson Dart was ready, probably somewhere around mid-season. Well, it appears that Dart is ready now. The rookie completed 14-of-16 passes for 137 yards with a passing touchdown and rushing score against the Jets in his second preseason game, building on a solid performance in his debut. Brian Daboll has done what good coaches should do: he has met Dart halfway. Rather than drowning his rookie in a complex system, Daboll has ported over big chunks of Dart's college playbook. It's Ole Miss concepts with pro gloss, designed to get Dart comfortable. The early returns have been promising. Dart does look comfortable in the pocket. He has been fine with the speed of the game. For a rookie starter, those are the first two boxes to check off. By making his offense as Dart-friendly as possible, Daboll has given the quarterback a platform to flash his arm talent. In his second outing, Dart didn't make as many 'wow' throws, but he showed a stronger grasp of the Giants' offense. Wilson, meanwhile, has been fine. Good in spurts. But he's the same old Russ we saw in Pittsburgh: capable of hitting beautiful strikes down the field, but limited in attacking the shorter and intermediate parts. With Dart in the lineup, the Giants can threaten every area of the field. He is a fearless deep-ball thrower and a genuine rushing threat, even if he's sometimes a danger to himself. The offense has also taken on a different rhythm with the rookie in the lineup. With Wilson under center, the Giants have looked mechanical and laborious. When Dart has taken over, the operation has been slicker, with Daboll ratcheting up the tempo. Running such a slim, up-tempo system won't be enough to navigate a full season, but it's enough of a starting point to chuck the rookie in until he can come to terms with a broader playbook. Daboll insists there is no competition. 'Russ is our starter. We're going to keep developing Jaxson,' Daboll said this week. That's understandable; Daboll wants to keep pressure off a first-year player and has a ready-made vet who could squeeze out a couple of wins until Dart can run a more sophisticated scheme. But Dart has shown enough in preseason that he should be chucked into the deep end for Week 1. The only reason to mess around with Wilson is to try to eke out a couple of wins so that the coaching staff and front office can keep their jobs. The Patriots' rookie class No, your eyes are not deceiving you. Yes, the Patriots have another shifty slot receiver. Efton Chism III has been a preseason darling. The undrafted rookie out of Eastern Washington is almost a meme of a New England slot: tough, undersized, a fidget spinner in and out of breaks, always open. With Josh McDaniels back running the offense, Chism is a lock to make the Patriots roster. And New England is sneakily deep at receiver: Stefon Diggs, Mack Hollins and Kayshon Boutte bring a nice blend of veteran knowhow, toughness, and explosivity. Third-round pick Kyle Williams will be an immediate downfield threat, while Chism does damage underneath. It's a solid, varied collection of talent. Chism will probably make the team ahead of Ja'Lynn Polk (second round) and Javon Baker (fourth round), two draftees from a year ago. Baker is a possible trade candidate, while the Patriots are expected to stash Polk on injured reserve after a nightmare first year in the league. The injection of weapons is good news for Drake Maye, who was forced to throw to the weakest crop of receivers in the league as a rookie. Related: I played in the NFL. Outrage over male cheerleaders is really about attempts to control masculinity It's not just the receiving corps, either. If we're handing out preseason MVP awards, rookie running back TreVeyon Henderson would be near the top of the standings. Henderson was initially tabbed as a third-down specialist. He was a prolific receiver at Ohio State and the best pass-protecting running back in the rookie class. But Henderson has been given a full run with the offense in preseason, showing he can anchor the early-down run game, return kicks and add some juice to the passing attack. The Patriots needed their draft class to hit after last season's debacle, in which they ended the season 4-13. So far, so good this time around. Bills defense Buffalo spent the offseason fortifying their defensive line. But the preseason has exposed issues on the back end of the defense. The Bears roasted the Bills' backups in the second week of preseason, with three quarterbacks throwing for a combined 357 yards and two touchdowns. Being lit up by Caleb Williams and Ben Johnson is one thing; being shredded by Tyson Bagent and Austin Reed should set off a five-alarm fire. All over the league, teams look short at corner. The Eagles, Chiefs and other top contenders are scratching around for starters or backups in their secondary. But the Bills have three worries: who will start opposite Christian Benford at cornerback? What's the ideal safety tandem? Do they have enough depth? Sean McDermott is one of the league's best coaches when it comes to working with the secondary. He can find no-names and turn them into impactful starters. When McDermott starts grousing about a group, you know you're in trouble. And the coach has taken sporadic shots at his safety room throughout the preseason. That includes 2024 second-round pick Cole Bishop, who was slated to be a starter this season. 'Cole has missed quite a bit of time … It remains to be seen what he is truly able to do for us,' McDermott said after the Bears' trouncing. 'We're getting short on time.' There are concerns at cornerback, too. Rookie first-round pick Maxwell Hairston is dealing with an injury, pushing the returning Tre'Davious White into the starting lineup. Behind White, it's slim pickings. And at the safety spots, the Bills are relying on Bishop or Damar Hamlin to become consistent starters. For most teams, a secondary shortage would be a concern. For the Bills, it's borderline existential. Depth matters. The Bills played the fewest snaps in base defense last season (three linebackers) and led in their use of dime defense (six defensive backs). That's McDermott's vision for the defense. To hit those rates, the Bills need seven or eight reliable players in the secondary, given the potential for injuries and suspensions. Right now, they have one: Benford. Few teams are operating with as much urgency as Buffalo. Every year with Josh Allen in his prime is Super Bowl or bust. Last season, they were undone by a misfiring pass rush. They tried to address that in the offseason, but now look woefully short in the secondary. Isaac TeSlaa's breakout Lions general manager Brad Holmes has done it again. The Lions traded up to grab Arkansas wide receiver Isaac TeSlaa in the third round of the draft, taking him 98 spots before the consensus big board – a reliable indicator of draft value. Holmes and the Lions do things their own way, routinely selecting players a round or two before the consensus board has them slotted. On many of those picks, Holmes has been proven correct. But there was a twinge of being high on his own supply in the most recent draft, giving up two future third-round picks to move up 32 spots to select TeSlaa. It's just preseason, but the early signals suggest Holmes was right again. It's hard not to get caught up in the TeSlaa hype. The long, rangy receiver is a splash play waiting to happen. There is almost a languid feel to how he cuts across the field. But when he explodes, he's gone. TeSlaa offers a big target to Jared Goff, and he can play above the rim, leaping and plucking balls out of the clouds. TeSlaa's traits have translated into preseason production. He has grabbed 8 of his 11 targets, scoring two touchdowns and averaging 13.1 yards a catch. In college, TeSlaa was not a go-to target. He is still raw and inconsistent. But the Lions don't need him to be a volume player. With Amon-Ra St Brown, Jameson Williams, Jahmyr Gibbs and Sam LaPorta, Detroit have plenty of dependable weapons. TeSlaa will add extra pop to an already explosive unit. At this point, it's almost unfair. Indy's quarterback competition Nothing can sap the energy out of a fanbase like a quarterback competition featuring Daniel Jones. The only thing less inspiring may be Jones winning one. Jones has been named the Colts' starter over Anthony Richardson despite a blah preseason showing. The Colts opened the preseason with a plan to give the two QBs an equal number of drives and reps to decide who would be the team's starter. The plan was for Richardson to take the bulk of snaps in the first week, with Jones getting the majority in the second week. That idea dissolved when Richardson went down with a hand injury on the first drive of the preseason and Jones entered the lineup. Shane Steichen reset in Week 2, flipping his approach and giving Richardson the game time he was intended to receive in the opening week. But it was telling that Jones, who took fewer snaps, still received more reps with the Colts' starting offense. Snap by snap, there was little to split the two. Richardson remains all upside and volatility, while Jones was steadier. Does anything scream Daniel Jones louder than an 11-play, 77-yard drive that ends in a field goal? Does anything say Anthony Richardson like producing the throw of the preseason (called back for a flag) after butchering a snap and blowing two pre-snap protection checks? It's funny, in a sense, that Jones is the quarterback painted as the stabilizing force. He finished with 42 interceptions and 50 fumbles in 69 starts with the Giants, producing one of the highest turnover rates in the league. Like Richardson, Jones is a volatile quarterback, albeit one in dink-and-dunk clothing. Picking between the two came down to trust. 'It's everything,' Steichen said about choosing a starter. 'It's the operation, the communication in the huddle, the checks, the consistency.' Richardson's inability to coordinate the game pre-snap and stick to the rhythm of the system continues to ding his progress – and his agent said on Tuesday that he is unsure of his client's long-term future with the team. For all the sizzle he can provide an offense, Richardson – who the Colts took with the No 4 overall pick just two years ago – still struggles with the basic mechanics of operating and processing a pro offense, and he has yet to prove he can stay healthy. There wasn't a right call for Steichen to make; both quarterbacks will probably see playing time this season. In a few drives with the Colts, Jones still looked like a liability, but the offense was more polished with him under center. For that alone, he's been given the first crack.