Celtics to reportedly be sold to private equity firm co-founder Bill Chisholm for record $6.1 billion
After months of uncertainty, the Boston Celtics have reportedly found a new owner. The team's current ownership group, the Grousbeck family, has reportedly 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 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 defeated the Dallas Mavericks to win the 2024 NBA Finals.
Grousbeck, with the assistance of an investment group, purchased the team for $360 million in 2002. Under his guidance, the Celtics won two championships and appeared in the NBA Finals four times. As of October 2024, Forbes valued the franchise at $6 billion, the highest total among all NBA teams. That valuation wasn't far off based on Thursday's reported agreement.
Who is new Celtics owner Bill Chisholm?
Chisholm co-founded Symphony Technology Group in 2002, and serves as its managing partner and chief investment officer. Symphony Technology Group is a private equity firm that manages "data, software and analytics ventures," per its website.
Prior to co-founding the business, Chisholm worked at The Valent Group, a risk-management company, Bain & Company, a consulting firm, and PaineWebber, Inc, a bank and stock brokerage firm.
This story will be updated.
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Boston Celtics sold for $6.1 billion to group led by private equity executive Bill Chisholm
A group led by private equity executive Bill Chisholm is buying the NBA's Boston Celtics for $6.1 billion.CNBC - 10h -
NBA's Boston Celtics sold for record $6.1 bn
The NBA's Boston Celtics are being sold to the head of a California private equity firm for $6.1 billion, a record price for a US sports franchise, the club's owners confirmed Thursday."If ...Yahoo Sports - 5h -
Celtics sold for record $6.1 billion, sources say
Bill Chisholm has agreed to purchase the Boston Celtics from the Grousbeck family for a valuation for $6.1 billion, sources told ESPN.ESPN - 24m -
Boston Celtics sold for $6.1 billion
The Boston Celtics are being sold to William Chisholm for $6.1 billion.CBS News - 4h -
Celtics to be sold to private equity co-founder for $6 billion, reports say
William Chisholm, a Massachusetts native and lifelong fan, will purchase the historic NBA franchise.NBC News - 14h -
Who is Bill Chisholm, the new majority owner of the Boston Celtics?
The Boston Celtics were sold Thursday to a group led by Bill Chisholm for a $6.1 billion valuation, the most ever for a North American franchise.Yahoo Sports - 5h -
Bill Chisholm agrees to buy Boston Celtics for record $6.1 billion
Symphony Technology Group managing partner Bill Chisholm agreed to buy the NBA's Boston Celtics at a $6.1 billion valuation, he announced Thursday.Yahoo Sports - 12h -
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Massachusetts native Chisholm is the managing partner and co-founder of Symphony Technology Group, based out of CaliforniaCBS Sports - 7h -
Boston Celtics sold to Mass. native, technology group co-founder for record-breaking $6.1 billion
The Boston Celtics have been sold to a Massachusetts native and New England graduate, according to a report by the Boston Globe.Yahoo Sports - 11h
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