By Jordan Valinsky | CNN
New York — The Boston Celtics, one of the profitable NBA groups in historical past, has bought for $6.1 billion, marking the biggest sale of a sports activities franchise in North America.
An investor group led by William Chisholm, a billionaire who amassed a lot of his wealth from non-public fairness, is shopping for the Celtics. The group additionally consists of consists of Rob Hale, a present Celtics investor, and Bruce Beal Jr., president of actual property big Associated Corporations.
“Bill is a terrific person and a true Celtics fan, born and raised here in the Boston area,” Celtics CEO Wyc Grousbeck mentioned in an announcement Thursday. “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.”
The Grousbeck household purchased the Celtics, who’ve received 18 championships of their historical past, in 2002 for $360 million, representing a virtually 1,600% achieve in worth. Wyc will stay the workforce’s governor via the 2027-28 season.
Chisholm co-founded and is the managing associate of Symphony Expertise Group, a Menlo Park-based non-public fairness agency that invests in tech.
“Growing up on the North Shore and attending college in New England, I have been a die-hard Celtics fan my entire life,” Chisholm mentioned in a launch. “I understand how important the Celtics are to the city of Boston – the role the team plays in the community is different than any other city in the country.”
The Celtics deal is the biggest within the NBA and is a US main league sports activities document, bypassing the $6.05 billion deal for NFL workforce Washington Commanders in 2023 and the $4 billion buy of NBA workforce Phoenix Suns in 2023.
Initially Revealed: March 20, 2025 at 8:48 AM PDT
