NBA Boston Celtics Sold for Record $6.1 Billion Deal/ Newslooks/ WASHINGTON/ J. Mansour/ Morning Edition/ The Boston Celtics are set to be sold for a record $6.1 billion to a group led by William Chisholm, managing partner of Symphony Technology Group, the team announced Thursday. The sale, which will need NBA board approval, is expected to be finalized by summer 2025. The transaction would surpass the previous U.S. sports record set by the Washington Commanders’ $6.05 billion sale in 2023. Current Celtics owner Wyc Grousbeck will remain team governor until 2028 as part of the transition.
Boston Celtics Sale – Quick Look:
- Who is buying? A group led by Bill Chisholm of Symphony Technology Group.
- Sale price? $6.1 billion, a record for U.S. pro sports.
- Who is selling? Boston Basketball Partners LLC, led by Wyc Grousbeck.
- When will it be finalized? Pending NBA approval, expected by summer 2025.
- What happens to Grousbeck? He remains governor until 2028.
- How does this compare? Beats the Washington Commanders’ $6.05 billion sale in 2023.
NBA Boston Celtics Sold for Record $6.1 Billion Deal
Deep Look – Record-Breaking Sale of the Celtics
Historic Price Tag
The $6.1 billion sale of the Boston Celtics marks a new high for a U.S. professional sports team, exceeding the Washington Commanders’ $6.05 billion sale in 2023. The price also far surpasses the most recent NBA franchise sales, including:
- Phoenix Suns ($4B in 2023) – Sold to Mat Ishbia.
- Milwaukee Bucks ($3.5B in 2023) – Purchased by Jimmy and Dee Haslam.
- Dallas Mavericks ($3.5B in 2023) – Majority stake sold by Mark Cuban to Miriam Adelson.
Who Is Buying?
The new ownership group is led by Bill Chisholm, a Boston native and die-hard Celtics fan. As managing partner of Symphony Technology Group, Chisholm has a strong business and investment background.
“We look forward to learning from Wyc and partnering with Brad Stevens, Joe Mazzulla, and the talented team to build upon their success.” — Bill Chisholm
What Happens to Current Ownership?
- Wyc Grousbeck, who has led the Celtics since 2002, will remain team governor until 2028.
- Chisholm asked Grousbeck to continue running the team as CEO for three years.
- Grousbeck originally purchased the Celtics for $360 million in 2002.
“Bill is a terrific person and a true Celtics fan. His chemistry with the Celtics leadership makes him a natural choice.” — Wyc Grousbeck
What’s Next?
- NBA Board of Governors Approval – The sale must be vetted before becoming official.
- Celtics’ Future Leadership – Chisholm will gradually assume control while Grousbeck oversees the transition.
- Boston’s Championship Aspirations – The reigning NBA champions aim to continue their dominance under new ownership.
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