Celtics to be sold to private equity firm co-founder Bill Chisholm for record $6.1 billion

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After months of uncertainty, the Boston Celtics found a new owner. The team’s current ownership group, the Grousbeck family, has agreed to sell the franchise to a group led by Bill Chisholm, co-founder of Symphony Technology Group, per ESPN’s Shams Charania.

The team will reportedly be bought for $6.1 billion, a record for a North American sports franchise.

BREAKING: Bill Chisholm, managing partner at Symphony Technology Group, has agreed to purchase the Boston Celtics from the Grousbeck family for a valuation for $6.1 billion, sources tell ESPN. This now is the largest sale for a sports franchise in North America. pic.twitter.com/iPphqSQswe

— Shams Charania (@ShamsCharania) March 20, 2025

The Washington Commanders held the previous record after being sold to Josh Harris for $6.05 billion in 2023.

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The sale was confirmed by Celtics majority owner Wyc Grousbeck, who praised Chisholm as a “terrific person and a true Celtics fan,” in a statement Thursday, per Business Wire.

“Bill is a terrific person and a true Celtics fan, born and raised here in the Boston area,” 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.”

In that same statement, Chisholm called himself a “die-hard Celtics fan,” and said he was up to the challenge of leading the franchise.

With Grousbeck confirming the sale, Chisholm will need approval from the NBA’s Board of Governors before he takes over as the team’s owner.

The news comes nine months after Celtics majority owner Wyc Grousbeck announced he was looking to sell the team. Grousbeck made that announcement just weeks after the Celtics…

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Source link : https://sports.yahoo.com/nba/article/celtics-to-be-sold-to-private-equity-firm-co-founder-bill-chisholm-for-record-61-billion-140351739.html

Author : Chris Cwik

Publish date : 2025-03-20 14:03:00

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