Months of evaluation and months of discussion. After days of bidding and speculation, the deal is finally done. Boston Basketball Partners LLC has agreed to sell the Boston Celtics to an investor group led by Boston native and devoted fan William Chisholm. Pending NBA approval, this marks the end of an era. Wyc Grousbeck, who has been at the heart of the franchise, will remain CEO and Governor, guiding the team through the 2027-28 season.

A chapter closes, but his leadership isn’t over just yet. The green legacy shifts hands, but the spirit of the Celtics stays the same—driven, passionate, and unwavering. The Boston Celtics, one of the NBA’s most storied franchises, just changed hands in a record-breaking deal. Despite their success and massive fanbase, they never truly owned their home. Sportico valued them at $5.64 billion, but the big question lingered—would they sell for more or less than $6 billion?

Now, the answer is clear. This deal, carrying a staggering $6.6 billion valuation as per Sportico’s reports, shatters records, surpassing the $4 billion mark set by the Phoenix Suns’ sale. It’s history in the making. But beyond the figures, it’s the end of an era—Wyc Grousbeck passing the torch of a franchise built on legacy, passion, and 17 banners.

Moreover, the Celtics face a massive financial challenge in 2024-25. With a $193 million payroll and a staggering $53.4 million luxury tax bill, they soar past the second apron. This threshold brings strict penalties—frozen draft picks and tighter spending rules. Staying over it means long-term consequences. Another reason why the Grousbeck family possibly chose to sell.

Interestingly enough, the C’s journey under Wyc Grousbeck began in 2002 with a $360 million purchase. Fast forward to July 2024—fresh off an 18th championship—the family made a bold decision. They put the team up for sale, citing estate planning. Irving Grousbeck, now nearly 90, had long entrusted Wyc with the reins. But change was inevitable. The plan? Sell 51% now, the rest in 2028. One condition—Wyc stays in control until the final handover.

Now, alongside William Chisholm and Wyc Grousbeck, the new ownership group brings deep Boston roots and passion. It includes Celtics owner Rob Hale, business leader Bruce A. Beal Jr., and global investment firm Sixth Street, among others. Most importantly, this isn’t just a transaction—it’s a passing of the torch to those who understand what the Celtics mean to Boston.

Who is taking over the Boston Celtics from Wyc Grousbeck?

William Chisholm grew up in Massachusetts, with deep roots in the region. A Dartmouth graduate, like two of his children, he built a career in high-stakes finance. As co-founder and CIO of STG, he oversees a $10 billion portfolio spanning 50+ investments. Before STG, he shaped The Valent Group and honed his skills at Bain & Company and PaineWebber. Now, his journey comes full circle—back to Boston, back to the Celtics, a team he has always loved.

Meanwhile, Wyc Grousbeck put it simply: “Bill is a terrific person and a true Celtics fan, born and raised here.” For the 63YO boss, Chisholm is the perfect successor. His love for the Celtics and Boston runs deep. His connection with the team’s leadership makes the transition seamless. “Quite simply, he wants to be a great owner.” Chisholm’s passion for winning and commitment to the community stood out. So much so that he asked Grousbeck to stay as CEO and Governor for three years—and beyond as his partner. Grousbeck gladly accepted. The torch is passing, but the fire still burns.

Moreover, for ‘Bill’ Chisholm, this isn’t just a business move—it’s a lifelong dream. “I have been a die-hard Celtics fan my entire life,” he said, growing up on the North Shore and studying in New England. He knows what this team means to Boston. He knows the responsibility that comes with it. “I am up for this challenge.” With deep respect for Wyc Grousbeck and his family’s 23-year legacy, Chisholm is ready to learn, collaborate, and win. “We work to bring more championships home to Boston.”

Thus, the Celtics’ throne changes hands, but the fire stays lit. A record-breaking $6.6 billion deal, a lifelong fan at the helm, and Wyc Grousbeck still steering the ship—for now. Boston’s basketball heart beats strong, its legacy intact. Chisholm steps in, ready to chase banners, embrace the challenge, and honor the green and white. The torch has passed, but the mission stays the same—win, win, and win again.