BOSTON (AP) — The Boston Celtics have a new owner, and there's one thing that isn't going to change at the NBA's most-decorated franchise.
“Coming in second is not the objective, and it’s not acceptable,” private equity mogul Bill Chisholm said Tuesday after taking control of the team from Wyc Grousbeck. “The ultimate yardstick is winning championships. Wyc’s got two, and we’re going to get more, and he and I together are going to help drive that.”
Chisholm leads a group that bid $6.1 billion for the Celtics — a record price for an American professional sports franchise. The NBA unanimously approved the deal last week, and all that was left was for the money to change hands on Tuesday.
“We are committed to building on the legacy of the Celtics and raising banners," Chisholm said. “And I can’t wait for the team to get back out there this fall.”
A Massachusetts native, Chisholm said his earliest Celtics memories are of the Dave Cowens, JoJo White and John Havlicek teams that won two NBA titles in the 1970s, but he really fell hard for the teams with Larry Bird, Robert Parish and Kevin McHale that added three more banners to the Boston Garden rafters in the '80s.
“I became a rabid fan during the Bird, McHale, Parish era. That was my team,” Chisholm said in an interview with The Associated Press shortly after the deal was finalized. “How can you be a teenager in Massachusetts, or New England, with that group and not end up being a lifelong Celtics fan?”
The team was put on the market last summer, soon after Tatum and Brown vanquished the Dallas Mavericks in the NBA finals. Chisholm won the bidding in March and leads a group that now has majority ownership control of the team, with full control coming by 2028 at a price that could bring the total value to $7.3 billion.
That’s the highest price ever paid for a team in the four major North American sports, though a piece of the Los Angeles Lakers changed hands this summer at a price that would value the entire franchise at $10 billion.
Other investors include Aditya Mittal, Bruce Beal, Andrew Bialecki, Dom Ferrante, Rob Hale, Mario Ho and Ian Loring. Sixth Street is also a “major participant” in the investment group, the team said in a news release.
Grousbeck and co-owner Steve Pagliuca led a group that bought the Celtics in 2002 for $360 million and presided over an era in which the Celtics won two NBA titles, lost in the finals two other times and made the playoffs in 20 of 23 seasons. The team’s most recent title came in 2024, led by Jayson Tatum and Jaylen Brown.
Team president Rich Gotham, general manager Brad Stevens and coach Joe Mazzulla are all expected to remain in their positions. Chisholm will represent the team in league matters as governor, with Grousbeck staying on as co-owner, CEO and alternate governor to run the day-to-day operations alongside Chisholm.
“We’ve got a really solid core to the roster. We’ve got, I think, the best basketball people that there are. And we’ve got a really talented business operations team,” Chisholm said. "And then we’ve got a leader like Wyc. I mean, why would you go make major changes to that?
“I think there are things we can always improve on,” he said. “But that is a really, really good place to start.”
Grousbeck said he can already tell that Chisholm understands the significance of owning one of the NBA’s charter franchises, with its unmatched 18 championships and a history of Hall of Famers from Red Auerbach, Bob Cousy and Bill Russell to Paul Pierce and Kevin Garnett.
“It’s an unbelievable responsibility, and an unbelievable thrill,” Grousbeck said. “But it’s a huge challenge because the greats built it. And we’re just here trying to maintain the legacy, which is a great honor.”
Chisholm takes over the team in a bit of a transition just two seasons after its latest title.
Tatum is recovering from surgery to repair the ruptured right Achilles tendon injury he suffered in Boston’s Eastern Conference semifinal loss to the New York Knicks, dooming the Celtics' hopes of a repeat. Jrue Holiday and Kristaps Porzingis — key parts of the title-winning team — were traded to avoid the NBA's punitive second apron payroll tax.
Grousbeck said the days of outspending opponents to win championships are over.
“We had our two years at supermax, 100 mph, and now you take a year to reset a little bit, which every team will be doing,” Grousbeck said. “And we’ll be back. We’re coming back as hard as we can.”
AP NBA: https://apnews.com/hub/NBA
FILE - Lucky the Leprechaun, the Boston Celtics team logo, peers out from in between Celtics championship banners hanging in their new basketball team practice facility, Tuesday, June 19, 2018, in Boston. (AP Photo/Elise Amendola, File)
FILE - Boston Celtics owner Bill Chisholm, seated right, applauds during the first half in game 2 of a first-round NBA playoff basketball series against the Orlando Magic, Wednesday, April 23, 2025, in Boston. (AP Photo/Charles Krupa, File)
CARACAS, Venezuela (AP) — Venezuelan opposition leader María Corina Machado comes to the White House on Thursday to discuss her country's future with President Donald Trump even after he publicly dismissed her credibility to take over after an audacious U.S. military raid captured then-President Nicolás Maduro.
Trump has raised doubts about his stated commitment to backing democratic rule in Venezuela. His administration has signaled its willingness to work with acting President Delcy Rodríguez, who was Maduro’s vice president and, along with others in the deposed leader’s inner circle, remains in charge of day-to-day governmental operations.
In endorsing Rodríguez so far, Trump has sidelined Machado, who has long been a face of resistance in Venezuela and sought to cultivate relationships with Trump and key administration voices like Secretary of State Marco Rubio among the American right wing in a gamble to ally herself with the U.S. government.
The White House says Machado sought the face-to-face meeting with Trump without setting expectations for what would occur. Her party is widely believed to have won 2024 elections rejected by Maduro. Machado previously offered to share with Trump the Nobel Peace Prize she won last year, an honor he has coveted.
Machado plans to have a meeting at the Senate following her lunch with Trump, who has called her “a nice woman” while indicating they might not touch on major issues in their talks Thursday.
Her Washington swing began after U.S. forces in the Caribbean Sea seized another sanctioned oil tanker that the Trump administration says had ties to Venezuela. It is part of a broader U.S. effort to take control of the South American country’s oil after U.S. forces seized Maduro and his wife at a heavily guarded compound in the Venezuelan capital of Caracas and brought them to New York to stand trial on drug trafficking charges.
The White House says Venezuela has been fully cooperating with the Trump administration since Maduro’s ouster.
Rodríguez, the acting president, herself has adopted a less strident position toward Trump and his “America First” policies toward the Western Hemisphere, saying she plans to continue releasing prisoners detained under Maduro — a move thought to have been made at the behest of the Trump administration. Venezuela released several Americans this week.
Trump, a Republican, said Wednesday that he had a “great conversation” with Rodríguez, their first since Maduro was ousted.
“We had a call, a long call. We discussed a lot of things,” Trump said during an Oval Office bill signing. “And I think we’re getting along very well with Venezuela.”
Even before indicating the willingness to work with Venezuela's interim government, Trump was quick to snub Machado. Just hours after Maduro's capture, Trump said of Machado that “it would be very tough for her to be the leader. She doesn’t have the support within or the respect within the country.”
Machado has steered a careful course to avoid offending Trump, notably after winning last year’s Nobel Peace Prize, which Trump wanted to win himself. She has since thanked Trump. Her offer to share the peace prize with him was rejected by the Nobel Institute.
Machado’s whereabouts have been largely unknown since she went into hiding early last year after being briefly detained in Caracas. She briefly reappeared in Oslo, Norway, in December after her daughter received the Nobel Peace Prize on her behalf.
The industrial engineer and daughter of a steel magnate began challenging the ruling party in 2004, when the nongovernmental organization she co-founded, Súmate, promoted a referendum to recall then-President Hugo Chávez. The initiative failed, and Machado and other Súmate executives were charged with conspiracy.
A year later, she drew the anger of Chávez and his allies again for traveling to Washington to meet President George W. Bush. A photo showing her shaking hands with Bush in the Oval Office lives in the collective memory. Chávez considered Bush an adversary.
Almost two decades later, she marshaled millions of Venezuelans to reject Chávez’s successor, Maduro, for another term in the 2024 election. But ruling party-loyal electoral authorities declared him the winner despite ample credible evidence to the contrary. Ensuing anti-government protests ended in a brutal crackdown by state security forces.
Garcia Cano reported from Caracas, Venezuela, and Janetsky from Mexico City. AP Diplomatic Writer Matthew Lee in Washington contributed to this report.
FILE - U.S. President George Bush, right, meets with Maria Corina Machado, executive director of Sumate, a non-governmental organization that defends Venezuelan citizens' political rights, in the Oval Office of the White House, Washington, May 31, 2005. (AP Photo/Charles Dharapak, File)
FILE - Opposition leader Maria Corina Machado gestures to supporters during a protest against President Nicolas Maduro the day before his inauguration for a third term, in Caracas, Venezuela, Thursday, Jan. 9, 2025. (AP Photo/Ariana Cubillos, file)
