Steve Pagliuca addresses Celtics sale after transaction's closing

The transaction is complete. An investor group led by William Chisholm now has a majority stake in the Boston Celtics.

After the sale's closing, Stephen Pagliuca, who helped the franchise return to prominence, including twice lifting the Larry O'Brien Trophy, in his role as a part-owner of the Celtics, released a statement on the deal.

"Congratulations to Bill Chisholm and the many new and current investors on the closing of the Celtics transaction today," said Pagliuca in a press release he shared on social media.