Wyc Grousbeck and Steve Pagliuca led the Celtics ownership for 23 years, establishing a model ownership aligned with New England fans' expectations. Bill Chisholm's investment group purchased the Celtics for $6.1 billion and closed the deal with changes to titles and ownership stakes. Grousbeck will remain CEO through 2028 and serve as an alternate governor alongside investor Aditya Mittal, while Chisholm assumes lead governor role to satisfy an NBA 15 percent ownership rule. Chisholm and Grousbeck plan to operate the team in unison for the next three years. Additional investors slightly reduced Grousbeck's ownership below 15 percent.
Celtics The Jacobs family can offer us all of the free jumbo-cooked meatballs we could ever want, but Grousbeck, Pagliuca, and their group are undeniably the best owners to operate out of the new Garden that we have ever seen. Consider the purpose here to be two fold. This is both an appreciation, and a plea to listen. The appreciation is for Wyc Grousbeck, Steve Pagliuca, and the previous Celtics ownership group, which proved time
As reported by colleague Adam Himmelsbach, Grousbeck will no longer stay on as governor, as originally planned, but instead will remain as an alternate governor - along with steel magnate Aditya Mittal, who comes on as a major investor as part of Chisholm's group - and CEO through 2028. Himmelsbach reported that Chisholm and Grousbeck still plan to run the team essentially in unison
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