Adam Silver makes revealing statement on Celtics ownership transition
The Celtics record-breaking $6.1 billion sale to a group led by Bill Chisholm is set to be voted on by the NBA Board of Governors later this month.
Chisholm finalized the funding for his Boston ownership group last month with Robert Hale, Bruce A. Beal Jr. and Sixth Street among the known investors in the group. Chisholm's group will take a controlling stake in the franchise in the first part of a two-part sale with 51 percent of the sale occurring this summer and with the remainder closing in 2028.
Advertisement
The unique arrangement led to some discussion about whether that type of two-part sale would be approved by the league after a tumultuous staged ownership transfer by the Minnesota Timberwolves over the last two years. NBA Commissioner Adam Silver said back in March that the league was still digesting the transaction.
However, any concerns from a league perspective about the structure of the Celtics deal was put to rest this week when Silver was asked about the looming transaction and how it compares to the Wolves sale before the Game 1 of the NBA Finals.
I'd just say that the Boston Celtics deal I don't think of as a staged deal,' Silver said. 'They're still in the process of completing it. It's really more about a phase-out of current ownership. I think there Bill Chisholm, who is the incoming owner, he's got to sort of straighten out some affairs in his life and his business. He's currently located on the West Coast. I think he's a huge admirer of Wyc Grousbeck and the way he's been running that team. Obviously their results speak for themselves.'
Grousbeck is expected to remain team governor of the Celtics through 2028 as he keeps an ownership stake in the team before Chisholm takes full control.
Advertisement
'What he's working out with Wyc is an opportunity for him, as I said, to learn the business from Wyc, then step in as the principal owner, the Governor of the team,' Silver added. 'There would then be no switching going forward.
'I think in the situation in Minnesota, yes, as I said before, I mean, it's not ideal to have those kinds of staged transactions. But also you learn it's nice to state these principles, but there we were in the middle of a pandemic, and Glen Taylor was in the process of selling his team. We all agreed to something that seemed to make sense in the moment.'
The NBA Board of Governors will vote to give approval on the Celtics sale after the NBA Finals concludes.
More Celtics content
Read the original article on MassLive.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Three-Time NBA Champion Singles Out Pascal Siakam Amid Finals
Three-Time NBA Champion Singles Out Pascal Siakam Amid Finals originally appeared on Athlon Sports. Indiana's Cinderella run to the NBA Finals has captured the league's attention. After entering the playoffs as a No. 4 seed following a successful 50-32 campaign during the regular season, the Pacers knocked off the 64-win Cavaliers in Round 2 and the No. 3 Knicks in the Eastern Conference Finals. Now, for the first time since 2000, the Pacers enter the finals where they meet the Oklahoma City Thunder on basketball's biggest stage. Advertisement Pascal Siakam has been central to that surge. In the 2024-25 regular season, he averaged 20.2 points, 6.9 rebounds and 3.4 assists per game, shooting 51.9 percent from the field and 38.9 percent from three over 78 games. Indiana Pacers forward Pascal Siakam (43) dribbles the ball against Oklahoma City Thunder guard Alex Caruso (9)© Kyle Terada-Imagn Images Former Toronto Raptors teammate Danny Green didn't mince words when previewing Game 4. 'This is the most important game for everybody on that floor outside of Pascal Siakam,' Green said, singling out Siakam's Finals experience. Green knows Siakam better than most, as they shared the court as teammates on Toronto Raptor's 2019 championship run under coach Nick Nurse. In Game 1 of the 2019 Finals, Siakam erupted for 32 points on 14-of-17 shooting to defeat the Stephen Curry led Golden State Warriors. Over that series, he averaged 19.8 points and 7.5 rebounds, aiding Kawhi Leonard in route to Toronto's first NBA Finals championship in franchise history. Advertisement Siakam's journey—from a 27th-overall pick in 2016 to a three-time All-Star—has been marked by constant growth. Under coach Rick Carlisle, Siakam has embraced an expanded leadership role, guiding Indiana's balanced attack alongside Tyrese Haliburton. As Game 4 approaches, Green's message underscores a simple truth: Indiana's Finals success hinges on Siakam sustaining that championship pedigree. If he replicates the energy and efficiency he showed in Toronto—and the Pacers' supporting cast holds up—Indiana could write the next chapter in one of the NBA's most improbable title quests. This story was originally reported by Athlon Sports on Jun 14, 2025, where it first appeared.
Associated Press
27 minutes ago
- Associated Press
Pacers, Thunder getting set for a pivotal Game 5 in an NBA Finals that has been back-and-forth
OKLAHOMA CITY (AP) — The ratings are down for these NBA Finals, as was expected. Oklahoma City vs. Indiana is a small-market series and the numbers reflect that, with viewership down about 20% from last season and on pace for the poorest TV turnout since the pandemic 'bubble' finals in 2020. Don't blame the Thunder and Pacers for that. It's been a back-and-forth over the first four games — and now, a best-of-three will decide the NBA title. Game 5 is in Oklahoma City on Monday night, with the Thunder trying to take their first lead of the series and the Pacers trying to head back home one win away from a championship. 'I do not care, to be honest with you,' Pacers star Tyrese Haliburton said when asked what he'd say to those who, for whatever reason, haven't tuned into the series. 'This is high-level basketball and I'm excited to be a part of it.' Game 1 had a frantic Indiana comeback and a Haliburton buzzer-beater. Game 2 saw Oklahoma City do what it has done in the majority of games all season: take full control early and roll to a win. Game 3 in Indiana had the Pacers' bench fueling a win. And Game 4 saw the MVP do MVP things, with Shai Gilgeous-Alexander scoring 15 points in the final five minutes to carry the Thunder to a comeback win. Add it up, and it's Thunder 2, Pacers 2. The Thunder are outscoring the Pacers by 3.3 points per game; the Pacers are outshooting the Thunder by 1.4%. It's only the third time in the last 15 years that the finals have had all that through four games — 2-2 tie, 3.3-point differential or less, shooting within 1.4% of each other. Golden State-Boston had it in 2022, and Dallas-Miami had it in 2011. It all seems pretty even, and the looks aren't deceiving. 'It's good for y'all,' Thunder guard Alex Caruso said. 'Good for me, we'd be getting ready for a parade right now.' Parades in Indianapolis or Oklahoma City are going to have to wait at least until this coming weekend. This series seems like it could have debunked some of the tired complaints about the game in recent years: the nobody-plays-defense, too-much-isolation, too-many-3s arguments that have been out there. 'I think from an outside perspective it's great for the league,' Caruso said. 'It's great for basketball. I think these two teams play stylistically the best versions of basketball right now as far as pressure and being influencing and aggressive on defense — causing turnovers, making stuff hard and then offensively free-flowing, shot making, passing the ball. ... A great brand of basketball.' And that means it could end up as a great finals, whether more people start watching or not. 'We appreciate the opportunity to play this deep into the season,' Thunder coach Mark Daigneault said. 'If you're playing this deep into the season, your opponent is going to be really good. They have won 12 games to get to this point just like we have. You just know it's going to be an unbelievable level. There are definitely times in it where (you're saying), 'Man, this is a high, high level.'' This marks the 32nd time that a finals has been 2-2 going into Game 5. The winner of Game 5 has gone on to ultimately prevail in 23 of the 31 previous occasions. 'We are both two games away,' Haliburton said. 'Anything can happen here.' ___ AP NBA:
USA Today
33 minutes ago
- USA Today
We hit 84 in our Raiders countdown to kickoff. Who wore it best and who's wearing it now
We hit 84 in our Raiders countdown to kickoff. Who wore it best and who's wearing it now We've reached 84 days until the Raiders season opener at Foxboro against the Patriots, With our countdown at 84 days we take a look at who currently dons the number in Silver & Black and who has brought it the most distinction. No. 84 Who's wearing it now: TE Qadir Ismail Ismail was signed this offseason. Receiving is in his blood as his father is former NFL wide receiver Qadry Ismail and his uncle is former Raiders WR/KR Raghib "Rocket" Ismail. Along with his hands being in his bloodlines, he stands at a towering 6-6. He showed up well in minicamp and could either sneak onto the roster or earn a spot on the practice squad. Who wore it best: WR Art Powell Back when reaching 1000 yards was a very big deal, Powell was flying by that mark every season. He played DB as a rookie in 1959. Upon switching to receiver, Powell immediately was named a first team All Pro. All told, he spent 10 years in the NFL, joining the Raiders in 1963. In his four years in Oakland, he made the Pro Bowl every season, had double digit touchdowns every season, went over 1000 yards three of them and over 1300 yards 14 games per season. Just an absolutely dominant player.
