Boston Celtics being sold to Bill Chisholm for North American record $6.1 billion

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Bay Area tech investor Bill Chisholm has agreed to purchase the Boston Celtics for a record $6.1 billion — the most ever paid for any North American sports franchise, a story broken by Shams Charania of ESPN and confirmed by the Grousbeck family and the Boston Basketball Partners (the sellers).

The sale breaks the record of $6 billion paid for the NFL’s Washington Commanders. The previous record price for an NBA franchise is $4 billion (what Mat Ishbia paid for the Phoenix Suns).

“Growing up on the North Shore and attending college in New England, I have been a die-hard Celtics fan my entire life,” Chisholm said in a released statement. “I understand how important the Celtics are to the city of Boston – the role the team plays in the community is different than any other city in the country. I also understand that there is a responsibility as a leader of the organization to the people of Boston, and I am up for this challenge.”

“Bill is a terrific person and a true Celtics fan, born and raised here in the Boston area,” team governor Wyc Grousbeck said. “His love for the team and the city of Boston, along with his chemistry with the rest of the Celtics leadership, make him a natural choice to be the next Governor and controlling owner of the team. I know he appreciates the importance of the Celtics and burns with a passion to win on the court while being totally committed to the community. Quite simply, he wants to be a great owner. He has asked me to run the team as CEO and Governor for the first three years, and stay on as his partner, and I am glad to do so.”

The sale still needs to be approved by the NBA Board of Governors (the other owners) but is expected to go through.

Chisholm is purchasing a championship team — Boston won the NBA title a season ago and is among the favorites to win this season. The team is set up to contend for seasons to come, but it’s going to get very expensive for ownership to keep the team at that level.

The Celtics were put up for sale last summer by the majority owner Grousbeck family, which had a…

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Source link : https://www.nbcsports.com/nba/news/celtics-reportedly-to-sell-to-bill-chisholm-for-north-american-record-6-1-billion

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Publish date : 2025-03-20 15:10:00

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