NBA clears $6.1bn sale of Boston Celtics—Celtics cash in grand deal!
NBA Grants Greenlight for $6.1 Billion Celtics Sale
The NBA Board of Governors released a brief statement confirming that the Boston Celtics franchise will move under new ownership, following a record‑valued deal reached five months prior.
Key Details of the Transaction
- Ownership will be transferred to an investment consortium headed by Bill Chisholm, managing director and co‑founder of Symphony Technology Group.
- Initial valuation stands at $6.1 billion, setting a new high for a North American sports franchise.
- Chisholm will assume the role of franchise governor, a change prompted by the departure of Wyc Grousbeck’s required 15% stake.
- The sale is expected to close shortly, with the Celtics’ team operations continuing under Grousbeck’s CEO stewardship until the 2027‑28 season.
Historical Context of the Celtics
Acquired for $360 million in 2002 by the Grousbeck family and Steve Pagliuca, the Celtics have earned an unmatched legacy, boasting a record 18 NBA championships, the most recent title secured in 2024.
Future Outlook
While Chisholm and Grousbeck plan to collaborate as originally outlined, the new ownership structure indicates a fresh chapter for one of the NBA’s most storied franchises.
