Bill Chisholm is one step closer to officially becoming the next owner of the Boston Celtics.
According to The Boston Globe’s Adam Himmelsbach, who cited a letter sent to existing shareholders, Chisholm has the sufficient funds now to purchase the illustrious franchise after finalizing his ownership group.
A Chisholm-led group agreed to purchase the Celtics for $6.1 billion back in March. According to Himmelsbach, Chisholm’s offer “was not fully financed,” but since then, he has received the investments needed to cover the purchase.
That puts Chisholm in a good position to get his purchase of the Celtics approved by the NBA Board of Governors in either June or July.
Once Chisholm’s group gets that stamp of approval, they will own 51% of the Celtics and take over full control in 2028. Current owner Wyc Grousbeck is expected to stay in control of the team through the 2027-28 season, per Himmelsbach.
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It’s unknown what the exact percentage stake Chisholm will have in the Celtics. As a majority owner, he needs to have at least 15%, per NBA rules.
Chisholm has been a regular attendee alongside Grousbeck at Celtics games during their playoff run. Chisholm even paid tribute to Jayson Tatum, who ruptured his Achilles earlier this week, by donning the Celtics star’s jersey. It was a move that will certainly ingratiate Chisholm to the Boston fan base.
It’s unclear who could be among the Celtics minority owners. Himmelsbach teased earlier this month that a “high-profile name or two from the Boston sports scene” might own a stake in the franchise.