Celtics Sold for $6.1 Billion in Historic Deal to Group Led by Bill Chisholm
The Boston Celtics are set to be sold for a record-setting initial valuation of $6.1 billion to a group led by William Chisholm, managing partner of Symphony Technology Group. If approved by the NBA’s board of governors, the transaction would be the largest in U.S. major professional sports history. The approval process is expected to take several months, likely extending into the summer.
The valuation surpasses the previous record of $6.05 billion set when a group led by Josh Harris purchased the NFL’s Washington Commanders in 2023. The sale also exceeds recent NBA franchise transactions, including the Phoenix Suns’ $4 billion sale, the Milwaukee Bucks’ $3.5 billion sale, and the Dallas Mavericks’ majority stake transfer for $3.5 billion.
Boston Basketball Partners LLC announced plans last summer to sell the majority of the team, with the remainder set to change hands in 2028. Wyc Grousbeck, whose family leads the current ownership group, is expected to remain the Celtics’ governor through the 2027-28 season. Grousbeck’s group originally purchased the Celtics for $360 million in 2002.
Chisholm expressed his admiration for Grousbeck and his contributions to the franchise, stating that he looks forward to learning from him and collaborating with the team's leadership to build upon their success. Grousbeck confirmed that Chisholm has asked him to continue serving as the team’s CEO and governor for the first three years and to remain as a partner beyond that.
Grousbeck emphasized Chisholm’s deep ties to Boston and his lifelong passion for the Celtics, noting that his connection to the team and strong rapport with its leadership make him a natural fit as the next controlling owner.
Comments