NBA champion Boston Celtics to be sold for a record $6.1 billion to group led by Bill Chisholm
Source: Associated Press, via WTOP
NBA champion Boston Celtics to be sold for a record $6.1 billion to group led by Bill Chisholm
The Associated Press
March 20, 2025, 11:23 AM
The Boston Celtics are being sold for what would be a record-setting initial valuation of $6.1 billion to a group led by Symphony Technology Group managing partner William Chisholm, the sides said Thursday.
The sale — if approved by the NBA’s board of governors after a thorough vetting process — would be the richest in U.S. major pro sports history. That process likely would not be completed until the summer, at the earliest.
The $6.1 billion valuation — which would seem to be a minimum, since that is just the initial number — would break the mark set when a group led by Josh Harris bought the NFL’s Washington Commanders for $6.05 billion in 2023. Sportico and ESPN were among those first reporting the agreement for the sale of the reigning NBA champions.
Boston Basketball Partners LLC announced last summer that it intended to sell the majority of the Celtics either late last year or early this year, then would sell the balance of its shares in 2028. Wyc Grousbeck, whose family leads the ownership group, is expected to remain the Celtics’ governor through the 2027-28 season. ... Grousbeck’s group bought the Celtics for $360 million in 2002.
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