The Boston Celtics have made headlines with the largest sale in North American sports history, as the team’s ownership group has agreed to sell the franchise for $6.1 billion to a group of investors led by William Chisholm. Among the finalists in the bidding process was Celtics co-owner Steve Pagliuca, whose bid was not selected. Despite this, Pagliuca stated that he and his partners are ready to step in if the deal with Chisholm’s group falls through.
In a statement on social media, Pagliuca expressed his disappointment at not being selected as the new owner but highlighted the effort put into his bid. He emphasized the importance of maintaining the Celtics’ championship tradition and ensuring the team’s success on and off the court. Pagliuca’s offer, which was fully guaranteed and financed at a record price, aimed to keep the team competitive and free from debt or private equity constraints.
Pagliuca, who has been part of the Celtics’ ownership group for many years, thanked the players and fans for their support and expressed gratitude for the memories made with the team. He reiterated his commitment to the Celtics’ legacy and stated that he and his partners remain dedicated fans who are prepared to return to ownership if needed.
The sale of the Celtics marks a significant moment in sports history, with the team poised for a new era under the leadership of William Chisholm. However, Pagliuca’s willingness to remain involved demonstrates the enduring passion and dedication of those connected to the Celtics organization.
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