Celtics co-owner Steve Pagliuca issued a statement on social media platform X Thursday about the reported news of the Celtics’ sale.
The Celtics’ ownership group, Boston Basketball Partners, agreed to sell the franchise to a group of investors led by Symphony Technology Group co-founder William Chisholm.
Pagliuca was one of four finalists in the bidding process, but his bid was not selected.
His statement reads as follows:
“Since the Grousbeck family announced it would sell the Boston Celtics almost nine months ago,” Pagliuca wrote. “I have worked tirelessly to put together a strong bid centered around the great majority of existing owners of the team who understand and appreciate what it means to be a steward of the Boston Celtics, a team steeped in championship tradition.