Connect with us

Boston, MA

New Boston Celtics owner seeking more investors after sale (report)

Published

on

New Boston Celtics owner seeking more investors after sale (report)


Private equity investor Bill Chisholm is still working hard while leading a group that agreed to purchase the Boston Celtics last week for a record $6.1 billion evaluation. Chisholm, a life-long Celtics fan and Massachusetts native already has several partners in the deal including current Celtics minority co-owner Robert Hale, Bruce A. Beal Jr, and Sixth Street, a global investment firm, among others. It’s unclear what the specific stakes those individuals will have in the eventual Celtics purchase but Axios has reported that Sixth Street’s investment could be as much as a billion dollars.

Despite those hefty investments, a report from Forbes indicates that Chisholm was still on the hunt for more investors in the deal as recently as last week. A billionaire told Forbes in the story that they were offered an opportunity to buy a stake in the team as recently as last Thursday, the same day the purchase was announced.

Axios reported last week that Chisholm’s offer wasn’t fully financed yet but he still has plenty of time to find more partners. The bid isn’t expected to be voted on by the NBA Board of Governors until June per a source so he will have multiple months to find additional investors.

Ultimately, Chisholm’s group will take a controlling stake in the franchise once the deal is closed this summer, pending approval by the league. Chisholm agreed to let current CEO, team governor and co-owner Wyc Grousbeck remain in his current role until the final close of the sale in 2028.

Advertisement

“My partners and I have immense respect for Wyc, the entire Grousbeck family and their indelible contributions to the Celtics organization over the last 23 years,” Chisholm said in a release last week announcing the sale. “We look forward to learning from Wyc and partnering with Brad Stevens, Joe Mazzulla and the talented team and staff to build upon their success as we work to bring more championships home to Boston.”

Chisholm has indicated he plans to attend the Celtics’ April 2nd matchup against the Miami Heat at TD Garden, the team’s first home game since the sale agreement was announced.

  • BETTING: Check out our MA sports betting guide, where you can learn basic terminology, definitions and how to read odds for those interested in learning how to bet in Massachusetts.



Source link

Boston, MA

Canvas reportedly reaches deal with hackers for stolen data – Boston News, Weather, Sports | WHDH 7News

Published

on

Canvas reportedly reaches deal with hackers for stolen data – Boston News, Weather, Sports | WHDH 7News


BOSTON (WHDH) – The maker of the online learning platform Canvas has reportedly reached a deal wit the hackers who took down the site last week to get their data back.

The company did not reveal what was given to the hackers in exchange for the return of more than 275 million users’ data, but said they confirmed the data was detroyed.

Canvas was down for several hours last week because of the cyberattack.

The hacking group said nearly 9,000 schools worldwide were impacted, including Harvard University.

Advertisement

They said they accessed billions of private messages and personal information.

(Copyright (c) 2026 Sunbeam Television. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

Join our Newsletter for the latest news right to your inbox



Source link

Advertisement
Continue Reading

Boston, MA

What we know about accused Memorial Drive gunman Tyler Brown

Published

on

What we know about accused Memorial Drive gunman Tyler Brown


Investigators identified Tyler Brown of Boston as the man who allegedly opened fire on Memorial Drive in Cambridge, Massachusetts, leaving two victims with life-threatening injuries.

Middlesex County District Attorney Marian Ryan said Brown fired 50 to 60 shots on the busy road shortly after 1 p.m. Monday.

Two male victims were hit in vehicles, Ryan said. They are in critical condition and fighting for their lives.

A Massachusetts State Police trooper and a civilian with a license to carry a firearm went toward the gunman and fired their weapons at him. Officers treated Brown at the scene, and he was brought to a Boston hospital, where he is in intensive care, according to the district attorney.

Advertisement

This video shared with NBC10 Boston appears to show a man opening fire at cars on Memorial Drive in Cambridge, Massachusetts, on Monday, May 11, 2026.

Authorities have, so far, shared limited information about the suspect.

“Mr. Brown is from Boston, and apparently was in the process of moving here. We understand that Mr. Brown was under the supervision of either the Massachusetts Probation Department or Department of Parole,” Ryan said.

She did not elaborate on why Brown may have been on probation or parole.

“We will address Mr. Brown’s criminal record, if any, at the arraignment,” she said.

Advertisement

Ryan added that she did not know enough about Brown’s condition to say whether he would be arraigned in court or in a hospital bed. The timing was also not clear.

He will face two counts of armed assault with intent to murder and firearms charges, and “a variety of other charges as we unfold what took place, exactly, and we have a chance to speak to the many, many people who were out there,” Ryan said.



Source link

Advertisement
Continue Reading

Boston, MA

Portion of Storrow Drive, Soldiers Field Road will close nightly through August – The Boston Globe

Published

on

Portion of Storrow Drive, Soldiers Field Road will close nightly through August – The Boston Globe


An inbound stretch of Storrow Drive and Soldiers Field Road will be closed each night through August for tunnel repairs, officials announced.

Starting Monday, the closures will begin at 8 p.m. and last until 5 a.m., state officials said.

Road closures begin at North Harvard Street in Allston and stretch along the Charles River Esplanade to Mugar Way in Boston, near the Hatch Memorial Shell, officials said.

Traffic will be detoured into Cambridge over the Anderson Bridge, along Memorial Drive, and then be routed into Boston over the Longfellow Bridge.

Advertisement

The closures will allow ongoing repairs to the Storrow Drive Tunnel in the Back Bay. The work is the first phase of a two-stage project to extend the lifespan of the tunnel, which carries roughly 50,000 drivers to and from downtown Boston daily.

The outbound portion of the tunnel and accompanying roadways will not be affected.

State transportation officials said changes to the work schedule will be made when necessary to minimize impacts during major local events at TD Garden, Fenway Park, or during the FIFA World Cup and 250th anniversary celebrations scheduled for this summer.

Additional changes may be made without notice due to weather.

Transportation officials have not specified when the closures will end.

Advertisement

Bryan Hecht can be reached at bryan.hecht@globe.com. Follow him on Instagram @bhechtjournalism.





Source link

Continue Reading
Advertisement

Trending