March 27, 2025 – Source: The Athletic (Mike Vorkunov)
NBA Commissioner Adam Silver addressed the status of ownership changes involving the Minnesota Timberwolves and Boston Celtics, two significant transactions still under review by the league.
Timberwolves
Prospective owners Marc Lore and Alex Rodriguez recently won an arbitration ruling against current owner Glen Taylor, giving them a 90-day window to complete their purchase of a majority stake.
Silver confirmed that Taylor may appeal, and for now, league approval is on hold.
Celtics
The Celtics’ current ownership group, Boston Basketball Partners, announced the sale of the team to a consortium led by Bill Chisholm, valuing the franchise at $6.1 billion, potentially rising above $7 billion in a second-stage transaction.
Wyc Grousbeck would remain team governor through the 2027–28 season, complicating the transition.
Silver said the deal is still in early stages of review and highlighted concerns over the role of private equity firm Sixth Street, which is set to invest over $1 billion.
NBA rules require that the controlling owner must:
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Hold at least 15% of the franchise
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Own a larger stake than any private equity firm
Silver confirmed there are no current plans to change those ownership rules.
The NBA’s board of governors must approve both deals. For now, the league is carefully evaluating the financial structures and stakeholder arrangements.
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