Celtics co-owner Steve Pagliuca expressed disappointment after learning his bid for purchasing the Boston Celtics was not selected. He worked alongside existing owners to craft a competitive offer with no debt or external investments that could hinder future competitiveness. Led by William Chisholm, the winning bid was accepted by the current ownership group. Pagliuca emphasized his commitment to the Celtics' legacy and community, stating his offer was deeply connected to Boston and emphasized championship success.
"Since the Grousbeck family announced it would sell the Boston Celtics almost nine months ago, I have worked tirelessly to put together a strong bid centered around the great majority of existing owners of the team who understand and appreciate what it means to be a steward of the Boston Celtics, a team steeped in championship tradition."
"We made a fully guaranteed and financed offer at a record price, befitting the best sports fans in the world and with all the capital coming from individuals who are committed to winning on and off the court."
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