The Boston Celtics were sold to billionaire investor William Chisholm for a record $6.1 billion, pending NBA Board of Governors' approval. Celtics governor Wyc Grousbeck intends to remain in his position for three years, raising questions about the governance transition. NBA Commissioner Adam Silver indicated that the sale's significant amount may influence future expansion discussions, including potential interests in Seattle. Though no immediate plans are in place for team expansion, the NBA has been modeling possible scenarios.
"I think we are still in the process of digesting the Celtic transaction. There's no question that a major transaction like that becomes relevant to expansion."
"I think the Grousbeck family and the buyer are still working through those arrangements on exactly how that would work in terms of CEO roles and governor roles during some transition."
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