Adam Silver not worried about two-stage sale of Boston Celtics
Adam Silver not worried about two-stage sale of Boston Celtics
The Minnesota Timberwolves recent sale went about as poorly as such things can go, with the staged timing of ownership transfer ending up with the purchasing parties needing arbitration to finalize the sale from the former owner. With the Boston Celtics having a sale of the team's majority ownership group taking place in two phases as well, there has been concern that such a structure might lead to similar acrimony between outgoing majority owners Wyc and Irv Grousbeck and incoming majority owner Bill Chisholm some time before the final segment of the purchase is completed in 2028.
But NBA Commissioner Adam Silver downplayed such a scenario when asked about its potential ahead of Game 1 of the 2025 NBA Finals. "It's really more about a phase-out of current ownership," said Silver. "I think there Bill Chisholm, who is the incoming owner, he's got to ... straighten out some affairs in his life and his business."
"He's currently located on the West Coast," clarified Silver. "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."
"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," offered the commissioner. "There would then be no switching going forward." Regarding the Timberwolves situation, Silver related that it is not ideal to have staged transactions, but the league, Glen Taylor and the new ownership group "all agreed to something that seemed to make sense in the moment."
There is always a chance something could go awry in Boston's case, of course, but at least for now, it's reassuring Silver seems confident in the future of the Celtics sale. We aren't exactly clear why he doesn't see it as staged given it will take place in two parts, but things have gone relatively smoothly to date, so hopefully this is a wrinkle no one will be thinking about in 2029.
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