Celtics Owner VOWS to Win Championships 'At All Costs' | POWER STRUCTURE revealed

Summary

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Locked On Celtics Podcast Summary

Episode: Celtics Owner VOWS to Win Championships 'At All Costs' | POWER STRUCTURE revealed

Host: John Karalis
Date: September 26, 2025

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Episode Overview

In this episode, John Karalis breaks down the introductory press conference of new Celtics owner Bill Chisholm. The discussion focuses on Chisholm’s approach to ownership, the internal power structure, spending philosophy under the new CBA and second apron, and the team’s potential arena plans. Karalis analyzes Chisholm’s statements, placing them in the context of fan expectations and recent Celtics history, with contributions from President of Basketball Operations Brad Stevens.

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Key Discussion Points & Insights

1. Clarifying the Ownership Power Structure

(Begins at ~03:40)

• Karalis directly asks Chisholm: Who has final say on basketball (and business) matters among the eight-person managing board?

• Chisholm’s approach: Describes consensus-based leadership but makes it clear that he, as governor, has ultimate authority.

  “There is a governor, and the governor has the final say, and that's me.”
  — Bill Chisholm [04:46]

• Follow-up: Karalis asks for clarification—if the board votes differently, does Chisholm's vote override?

• Chisholm confirms:

  “Ultimately, I'm the one that's accountable. And to be very clear, you know, that is the final say.”
  — Bill Chisholm [05:10]

• Karalis’s reaction: Appreciates the clarity, explaining how important it is for fans and media to know who’s accountable for major decisions.

  “What do people want from their owners? They want an owner who’s accountable, who’s going to stay basically out of the way, and who’s going to spend money.”
  — John Karalis [05:35]

2. Ownership Stability & Financing

(~07:00)

• Karalis clarifies the structure after asking about the "second phase" of financing.
  • Chisholm states the deal is done, and the current board set-up will remain stable. There’s no ongoing hunt for new investors, just finalizing how to fund the purchase.
  • The managing board isn’t expected to expand suddenly or bring in a bevy of new voices.
  • For fans: the person in charge and responsible for decisions is clear.

3. Spending Philosophy and Navigating the Second Apron

(Segment starts at 13:30, detailed quotes at 14:28–15:48)

• Brad Stevens and Chisholm address roster moves and tax implications:

  • The restrictive new CBA “second apron” forced the team to reset, making blockbuster trades like those for Derrick White and Kristaps Porziņģis impossible if over that threshold.
  • Stevens and Chisholm stress flexibility and championship focus.

  “Let's do whatever we can to win championships and raise banners and raise as many as we can, both in the near term, but also in the medium to the long term as well.”
  — Bill Chisholm [15:51]

  • Both insist there’s no hard-and-fast goal to stay under the tax; moves are about keeping the team successful under tough financial rules.

  • Chisholm emphasizes, “go for it, but let's do it in a reasonable way.” [15:49]

  • Karalis addresses fan skepticism about “reasonable spending,” contending that Chisholm’s message aligns with what outgoing owner Wyc Grousbeck’s strategy has been.

  “If they start getting cheap and it's not CBA-related, I will say so. But for now… they will go for it when it is appropriate to go for it.”
  — John Karalis [18:41]

• Key Takeaway: Don’t expect “Warriors” or “Clippers” levels of reckless spending—the Celtics’ approach is cautious but ready to spend when the chance at a title is legit.

4. Rumors of a New Arena

(Starts at 25:00, Chisholm’s answer at 26:07)

• Chisholm is directly asked about the possibility of building a new Celtics arena.

• Chisholm’s stance: Loves the current (TD) Garden. Players and fans like it, too. Celtics and Bruins “belong together” and that relationship factors into all decisions.

• He reiterates a full commitment to the fan experience and says, “we’ve got a great thing going right now.”

  “I really like the Boston Garden. ...The team and the players really like the Boston Garden. ...The Celtics and the Bruins, they belong together.”
  — Bill Chisholm [26:17]

• Karalis’s analysis:

  • The lease at TD Garden has about a decade left; no urgency to leave.
  • Points out the possibility of renovations or collaborative projects with the Bruins.
  • The current building is “fine,” not in need of immediate replacement, though internal renovation (for locker rooms, player spaces) might eventually be needed.
  • No concrete plans or timeline for a new building, and Chisholm doesn’t seem in a hurry.

5. Miscellaneous Points

• WNBA Expansion: Chisholm deflects, noting ownership is just getting started—no real traction on bringing a WNBA team to Boston yet.
• Karalis’s Impressions: Encourages fans not to panic—no wild structural or spending changes are imminent. Predicts a steady hand and a lot of continuity at the top.

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Notable Quotes & Timestamps

• On Power Structure:

  “There is a governor, and the governor has the final say, and that's me.”
  — Bill Chisholm [04:46]

  “Ultimately, I'm the one that's accountable. … That is the final say.”
  — Bill Chisholm [05:10]

  “What do people want from their owners? They want an owner who’s accountable, who’s going to stay basically out of the way, and who’s going to spend money.”
  — John Karalis [05:35]

• On Spending and Championship Goals:

  “Let's do whatever we can to win championships and raise banners… both in the near term, but also in the medium to the long term as well.”
  — Bill Chisholm [15:51]

  “We'll do everything we can to win. That is job number one, and not just win games, win championships.”
  — Bill Chisholm [15:58]

• On the Second Apron/CBA Impact:

  “The second apron penalties were real... it's on purpose. … It doesn't matter who owns the team, you have that little bit of a run and then the basketball penalties knock you back down.”
  — John Karalis [16:33]

• On the Arena Situation:

  “I really like the Boston Garden. ...The team and the players really like the Boston Garden. ...The Celtics and the Bruins, they belong together.”
  — Bill Chisholm [26:17]

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Major Timestamps

• 03:40 – Power structure questions begin
• 04:46–05:29 – Chisholm declares final authority and accountability
• 14:28–15:48 – Brad Stevens and Chisholm on balancing the second apron, roster building, and spending
• 16:33–20:00 – Karalis contextualizes new CBA, second apron, and the legacy of Celtics spending
• 26:07–27:07 – Chisholm on arena plans and the Celtics/Bruins partnership

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Overall Tone & Takeaways

• Professional, direct, reassuring: Both Chisholm and Karalis emphasize continuity and accountability.
• No bold promises, but also no cause for alarm: The Celtics will not act radically different under new ownership; the goal remains championships, spending will continue when justified, and no sudden moves regarding a new arena are imminent.

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Final Thoughts

For Celtics fans: Leadership is stable, the team isn’t slashing spending, and the TD Garden will remain home for the foreseeable future. Future big decisions—whether hiring/firing, signing big contracts, or building a new arena—will be made by Bill Chisholm, now officially declared “the guy” at the top of the Celtics organization.

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For more inside info, subscribe to Locked On Celtics, and check out John Karalis’s written recap at Boston Sports Journal.

Transcript

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[John Corrales]

Data 1H 2025 visit t mobile.com the new Celtics owner talks about final decisions, a new building and paying the tax. His words. My reactions right now on the locked on Celtics podcast huh? Yep be town be ever ready. It's the seas. Who else could it be? What they going to say now screaming like J.T. corralis recap the madness every game every practice prom Depp and D White on the sideline Ren and Jace how we started raising ban is how we finish Locked on self this pot home of the winners baby. Lockdown Celtics podcast right here on the Lockdown Podcast network. Where does your team every day your team is the Boston Celtics and I talk about them every Monday through Friday for free for you right here. So make sure you're subscribed wherever you get your podcast, watch the show on YouTube, get into the comment section. Share your thoughts with your fellow Celtics fans, become an everyday. Or join me on this journey every Monday through Friday. And really just let's have some fun together. I'm John Corrales, beat writer for Boston Sports Journal. I've been doing a version of this job for about 20 years. I've written a couple of books about this team, and I was there today for Bill Chisholm's introductory press conference. Today's show is brought to you by FanDuel. Right now, new customers can bet just five bucks, and if that bet wins, you get 300 in bonus bets to use across the app. So later on, we'll talk about his comments on finding a new building. Is he looking for a new building? Are they going to stay at TD Garden? Second segment, Paying the tax. What do fans want to know? Will my owner spend money? That's coming up in the second segment, but we're going to start with my first question. I'll play the whole thing. I've been talking about this on this podcast for a while. I need to know with all of these investors, with all of these people here, what's this power structure going to look like? What is going to happen when final calls need to be made? So I asked him that question. I'd like to start by just clarifying the power structure of the ownership group. There's a managing board of yourself and seven others, correct? Correct. What is the voting power of that group? Do you hold final say, or is there a possibility of a majority of the group voting one way and you voting a different way on basketball matters?

[Bill Chisholm]

I mean, first I just say that, you know, we're my, my approach to leadership and the way that we've, I've approached that all my life is through consensus. We've got a great team. And, you know, both you asked about basketball, but I'd also speak the same way about the business operations team as well. So Brad and Rich are great leaders. In the end of the day, there is, you know, I am accountable, and there is a. There's a governor, and the governor has the final say, and that's me.

[John Corrales]

So just for clarification, if Brad Stevens comes to you with a matter that requires ownership approval, whatever it is, what you say is what goes. Or if seven others on your board vote differently, it's your opinion that matters.

[Bill Chisholm]

Yeah, I think the, the, the way to think about it is that when, when, when we're kind of working through things, we're doing that as a group. And really Wick and myself are, you know, that. That final gate. But ultimately, I'm the one that's accountable. And to. To be very clear, you know, that that is the final say.

[John Corrales]

So there it is. It's. Couldn't be any more clear about it. And I do appreciate the. The direct. Like, there's no dancing around it. There's no. There's no kind of like, well, there might be an instance or, you know, there's this dynamic or what. It's. It's his. His say is the final say. He's not obligated to tell me what his percentage of ownership is, but whatever it is, it's enough. And, you know, the. The structure is such that what he says goes, and that's important to me because I think fans of any particular team want to know, like, who's the person in charge? We can't have Bill Chisum coming out every, you know, every season, two, three times, however many times an owner will talk during the season, and saying one thing and then having the board of seven other people, you know, himself, it would make it eight. Have those people be like, well, no, we actually don't agree with you. And I know you. You get these investors in for the, you know, everybody kind of joins in, and everybody's having a, you know, a great time. And, you know, initially, the whole group is probably going to be, you know, marching together, as Wick likes to say, say shoulder to shoulder. And that would be great. But, you know, most people don't get married thinking that they're going to be divorced. And things change over the course of a relationship. Things change over the course of an ownership group's kind of relationship. You've got eight voices on a board right now. Everything is great. You're. You've got the high of. You just bought a team. You are an NBA owner, and it's great. The Celtics are about to make some tough decisions over the next two, three seasons. There may be jobs on the line, and there's a lot of money to be spent, and there are contracts to hand out, and there are potential trades. When do they eventually bottom out? How does that look? Do they ever bottom out? Do they? Or do they try a different tact? Like, who knows how they approach it? Brad Stevens is going to have to go to ownership and ask for approval of a hiring, a firing, a contract, a trade sign, whatever. Knowing that whatever he decides, you can go to Bill Chisum and say, okay, you approved that. Why did you say yes? Or why did you say no? Why did you give him this? Why didn't you Give him this. You need to have that one person who is accountable. So whenever a question comes up, we all know who to look, look to and who, you know, I know who to ask and I know who to kind of hold accountable. He said it. I'm accountable. I'm the one. I'm the guy. So that's, I think, an important first step. What do people want from their owners? They want an owner who's accountable. They want an owner who's going to stay basically out of the way and who's going to spend money. You can be basically what Wick Grossbeck has been, and that is being on the sidelines. You know, cheer root, root, root for the home team. You spend money when you need to spend money and you otherwise get out of the way. And when something needs to be answered, you are there. You are the face that is in front of the camera and you are the one answering the questions. Difficult or not, you are the one answering the questions. So it was a big thing that I've been harping on. And just to throw in another element, I did ask him about the second round of financing and all that stuff. For clarification sake. The way we're going to look at this now is the deal is done, as according to Chisholm, the deal is done. It's just a matter of how it's being funded. It's not about, I need to go out and search for new investors. So one of the things I had brought up in the past was when you get to the second round of, you know, the second phase of the closing, it's not the managing board goes from 8 to 11. Let's say the managing board is. The managing board, people are there. There may be some investors that come on board throughout the course of it. Maybe, you know, there's always the possibility of people buy people buying in or selling their share and getting out. That happens. It's fluid. It happens all the time. Not all the time, but it's not uncommon. But the second phase of this closing isn't going to be another round of fundraising and bringing in. Here's another 15 for you and 15 for you. Chisholm says my share is going to remain unchanged. This is, you know, the structure is the structure. You just gotta. I think they just have to figure out how to finance that structure. It's a $7 billion team, approximately. So, yeah, that makes sense. Okay, so that's the structure. Now the question is spending, second apron, all of that stuff. We'll bring Brad Stevens into the mix when we come back. Today's show is brought to you by Skims. When I found out Skims was making underwear for men, I went to my wife. I said, what should I expect? You like Skims? 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[John Corrales]

Thanks for making Locked on Celtics your first listen. Every day. Go check out Locked on NBA and Locked on NBA game night. Two podcasts on the same feedback. Wednesdays is my night on game night with Jake Madison of Lockdown Pelicans. Once the season starts, where are we? Are back at the covering every game in the association. Every Tuesday night game and then the afternoon show covers all the big stories across the NBA. Again, two podcasts on the same feed in the same place. You found this podcast. All right. The other thing the Celtics fans, any sports fan, wants from their owner is to spend money when it's appropriate. Now, they were clear, they were asked about this, that the second apron was the driver of this summer's moves. They were going to happen anyway. So Brad Stevens kicks things off, followed by Bill Chisholm.

[Brad Stevens]

The summer demanded a reset under the second apron. You know, if you go back to the Derrick White trades, the Porzingis or Holiday trades, when they came here, those wouldn't be able to happen if you're over the second apron because you can't aggregate contracts, you can't take more money back than you send out, right? So like, you have to give yourself the flexibility and opportunity to jump at the right deals. You don't always know when those are going to present themselves. So the second apron was the key. After that, we're looking at it from the standpoint of again, let's see what this team looks like. Let's put our very best foot forward. Let's let Joe, the staff, the players, let's all work to maximize ourselves and with an attitude of no ceilings and no limitations and go after it. And we'll evaluate the roster like we always will as the year goes on. But there's no tax goal, you know, there's nothing that's set in stone that we have to get to a certain level. The level obviously where we were earlier this summer, that's not close to where we are now. And listen, we lost, you know, we've, we've, we've said goodbye to awesome people and really good players, but I think we've added people that are excited to add their strings together and see what we can do. And so we're looking forward to that.

[Bill Chisholm]

I mean, I mean, let's go for it, but let's do it in a reasonable way. I think, you know, we're trying my, my goal and my, you know, high level direction to Brad and the team is, you know, let's do whatever we can to win championships and raise banners and raise as many as we can, both in the near term, but also in the medium to the long term as well. So definitely taking that approach and the flexibility that Brad talks about, I think that's, that's paramount to doing that. So. But ultimately, you know, we're going to do everything we can to win. That is job, job number one, and not just win games, win championships.

[John Corrales]

So a couple of things are clear there, and I think the, the first point is important when we're talking about the second point, and that's why I included Brad. The, the, the second apron penalties were real. Like Wick talked about in this press conference that he was part of the, part of the team that drew this up. It's on purpose. They drew up these penalties specifically to you get a two, three year window at the top in the second apron, and then you get choked out financially on purpose. So the whole point was, doesn't matter who owns the team. You have that little bit of a run and then the basketball penalties knock you back down. And it's purposeful. And so the Celtics were very well aware of the ramifications as much as anybody. So that is, I think, an important part of this conversation here, that the, the, the new group is not responsible for Brad Stevens gutting the team. The new group didn't come in and say this, this team is too expensive. You need to, you need to get rid of these because we're not paying this tax. The tax is part of the penalty, and it was exponentially bad because of the repeater, but it's the basketball penalties that hurt them. And so in comes Chisholm and he, the stuff that he said there was, go for it, but, you know, in a reasonable way. And people are going to latch onto that. I know they're going to latch onto it, but I want to make a very important point here that it is no different than what Wick Grossbeck has done with these Boston Celtics. We have had conversations on this podcast a couple years ago where I was saying, the owner needs to spend more money. We cannot be cheap. Now. This is the time to go for it. And I probably will say that again about Chisholm at some point. Although understanding the CBA is as punitive as it is, some of that might go away because the, the old way of just, hey, we're just going to pay the tax. And, you know, either either you want to pay the money or you don't. I think that's, that's just not relevant anymore. So that, I think is going to build in some Caution anyway. But what Chisholm is saying is no different than what Rick Grossbeck and that group has done overall during the course of their their ownership here. It's been a long run and they went for it early, they got rewarded. Then they had some lulls, they made some moves, they didn't pay the tax certain years, they avoided the tax a couple of times. And it, it's not like what I don't want is Chisholm to come in and make a decision like that and have people say, well Wick Grossbeck always spent when he had to. That is not true. I want to be fair. It doesn't matter what side is right. I just want it to be right. And what's right is the what Chisholm just said is in fact a true continuation of the Celtics strategy for spending money. Or at least it is on the surface. If that changes, then I will say so. If he's lying, then I will let you know when it comes time to spend the money or not spend the money. If they start getting cheap and it's not CBA related thing, I will say so. But for now the what he said, this is, this is him saying the right thing. They will go for it when it is appropriate to go for it. There are going to be times to not spend the money and there are going to be times where we might argue to spend the money, but it only makes the team marginally better and we want the team to be as good as possible. But from a business perspective, it's not really worth that that particular spend. That's going to be the line that we are seeing from the Celtics. This is not going to be the Warriors. This is not going to be the Clippers. This is not going to be high spending team. This is not going to be anything we remember. And again the second apron is going to eliminate that for those teams anyway and that changes the dynamic. I think one risk unintentional here buying this team at this time. Like coming in right as the second apron is taking hold. It's going to like a lot of people are just going to ignore the nuance and they're just going to put like the Celtics are cutting costs. Here's the new owner. He's the one that's telling them to cut costs, especially since he's a venture capitalist guy and that's the reputation that they have. So my belief is that they will spend money when it comes time to be a contender and when they are in the middle ground, if there is a doubt as to whether that player is going to be worth the spend they won't spend. So it's cut. It's again, it's what we're used to. And I think that's my takeaway. And I think that should be the takeaway. It's no different than what we've had. It's just we've seen them spend a lot of money recently and that might draw an unfair comparison. I think. I think they're going to be very similar in that regard. So what's next? The new building. 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[John Corrales]

Thanks for making Lockdown Celtics your first listen every day. Monday is media day, so Sunday night I will record a mailbag episode. John corrales.com mailbag johncorales.com mailbag get your questions in this way you can listen to that podcast ahead of media day and then I'm gonna have a ton of media day stuff. So who knows who will be available? I don't know. Maybe Jason Tatum. I did see Jason Tatum at the practice facility. Technically I saw Jason Tatum on the practice floor. He was just walking from the weight room to the training room. So but he was walking normally. He's, you know, going through his rehab, but he was there in his practice gear. So it was nice to see JT and we'll see, we'll see if he talks on Monday. But back to Bill Chisholm. He was asked about the, the building. There have been rumors the Globe has reported and we've speculated plenty here about the potential for the Celtics to explore build a new facility. He was asked about that directly.

[Bill Chisholm]

Yeah. So the necessary caveats, just like with the wnba, we're, you know, days or weeks in here. But I would say.

[John Corrales]

I don't have.

[Bill Chisholm]

A specific point of view on it. I have some sort of philosophical perspective on it. So the first thing is I really like the Boston Garden. Personally, I think that the team and the player, more importantly the team and the players really like the Boston Garden. And even equally importantly, the fans really like the Boston Garden. So that's, that's a starting point. Second thing is, you know, I think the, the Celtics and the Bruins, they belong together. So that's another, you know, kind of part of the, the equation as well. And then but the third thing is we are 100% committed to creating the best fan experience possible. And we'll, we take a look at and figure where that is. But we've got, you've got a great thing going right now.

[John Corrales]

Okay, that was that. So the, the, the, I think the key takeaway there is the Celtics and the Bruins belong together. I think that's where I, I'm kind of, if I'm looking forward, that means to me one of two things either. Hey, Southern Bruins belong together. We got a good thing going here. We're just going to extend it. The lease, by the way, at the TD Garden runs for another decade, so they're not going anywhere anytime soon. But this is the time to start exploring. If you're going to go anywhere, this is the time to start looking around. The Celtics and Bruins belong together. Well, that tells me that you go to The Jacobs family, Delaware north, and you say, okay, this building is what, 30 years old? Certainly. Certainly still a very good building. I don't think there's any. Anyone who's saying this building's outdated. It's not outdated. They put in a new scoreboard. It looks good. It's not a, you know, monster thing like in, like Cleveland or Golden State or nothing like the Clippers building, but it looks good in there. It sounds good in there. Plenty of seats. 19,000 seats there. That's plenty good. It's in good shape. The building is maintained well. The seats are. Well, the seats are a little small now. They did make them a little smaller, so I'm not a big fan of that necessarily, but it is what it is. It's in line with the rest of the arenas. So, you know. Shrug. So all this is to say that from a fan perspective, unless you're going to one of the new, new buildings, you're not going to get a much different experience. Yeah, I've, I've been to some of these buildings and they look like, you know, Orlando's building is. Is fine. The Celtics is right, you know, right in line with Orlando. It's right in line with, you know, I'm just going up and down. I mean, MSG is a different story. I don't really like msg, but, you know, that's a different story. Barclays center is relatively new. Celtics is in line with that. Like, there's. I don't sit there and say the Celtics has fallen behind that building. What else? The Sixers building is like, that's. I'm not going to rattle them all off, but even the newer buildings, minus, like, Golden State, is a ridiculous technical marvel. I haven't been at the Clippers facility, but it's, it's obviously, you know, touted as one of the best outside of those td Garden is good. It's, you know, it's at the very worst. It's fine. Now, from a player perspective, that locker room, the home locker room is a little small now. I haven't been through the labyrinth of the back and the, you know, their, their training facilities. There, the visiting locker room is definitely small and everybody spills into the hallway to do their pre game kind of workouts, Lifting, activation and all that stuff. The. All of that has certainly spread out in the building. Could be designed better for that. I don't know how much of an appetite there is to change anything in regards to that, but that could be an internal renovation. All of this is to say that there's no hurry to leave. If they do build something, would the Bruins be involved? Would Delaware north be involved? Could they find a way to split the cost and then the revenue of a new building? Or do they get together and decide how do we renovate this building, or do they kind of do what they did before and kind of build on the footprints of the old build? Like, do you go the other way and like you leave the. The arena and you just kind of like turn the arena into shops and whatever, a mall or bill or housing or whatever, and then you go the other way to the other side of the north station, Build a platform over the train tracks and build up and build an arena there? I mean, that's not something I've ever thought about much, but like, is it possible to go above the tracks? You know, I don't know what the air rights there are or whatever, but you could kind of go in that direction while you're playing in this building, still be in the same footprint and you just work in partnership with the Bruins. Could be something there, maybe, possibly, I don't know. But my big takeaway from that is, first of all, play nice. Second of all, get the Bruins involved. And thirdly, just kind of like, but for now it's good. And you don't rattle any cages. Don't make it. Don't, you know, you got to be there for another decade. Don't blow it. So that, that's kind of my take there. He did mention the WNBA there at the beginning of the quote. He was asked about that. He kind of danced around it, didn't really say much about it. I think he got roped into this discussion. I don't think he's like actively looking for that. I mean, that's a conversation for a different day. You know, maybe, you know, whatever, next week, whatever, we could talk about that. But I didn't take much from his comments about the wnba. So I don't know. I don't know if they're going to put a team there or not. But it's not like he's in a hurry. Basically. He's like, look, we just got here so we can talk about the WNBA if you want. We talk about new building if you want. But like we just got here. We we got other things to, you know, get to first. So. All right. I hope you enjoyed that. There's more on Boston Sports Journal. I wrote about it. You can find it there if you'd like. So. But I would love to get you back here next week again. Monday's podcast will be a mailbag johncorellis.com mailbag to get in on that. And then after that Monday I will be at Media Day. Tons to talk about for Media Day and then they're back on the practice floor baby. And I'm talking basketball. So subscribe wherever you get your podcast. Preseason games will be around here soon enough, so subscribe, do all that. It's free. It's available Monday through Friday. It's on YouTube. Get into the comment section and then I would love it if you shared the podcast. Tell everybody they should be listening to and watching Lockdown Celtics podcast here on the Lockdown Podcast Network. It's your team every day.

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