Private equity mogul to acquire NBA's Celtics for $6.1 billion

Boston Celtics sold for $6.1 billion to private equity mogul Chisholm

Robert Besser
24 Mar 2025, 16:34 GMT+10

Private equity mogul to acquire NBA's Celtics for $6.1 billion

Private equity investor William Chisholm has agreed to buy the Boston Celtics in a record-breaking deal worth at least US$6.1 billion, the highest price ever for a U.S. sports team
The sale must be approved by the NBA’s board of governors, which could happen this summer
If finalized, it would surpass the $6.05 billion paid for the NFL’s Washington Commanders in 2023

BOSTON, Massachusetts: Private equity investor William Chisholm has agreed to buy the Boston Celtics in a record-breaking deal worth at least US$6.1 billion, the highest price ever for a U.S. sports team.

The sale must be approved by the NBA's board of governors, which could happen this summer. If finalized, it would surpass the $6.05 billion paid for the NFL's Washington Commanders in 2023.

Chisholm, a Massachusetts native and lifelong Celtics fan, leads Symphony Technology Group in California. His ownership group includes Boston businessmen Rob Hale and Bruce Beal Jr.

Wyc Grousbeck, who led the group that bought the Celtics for $360 million in 2002, will stay on as CEO for three more years at Chisholm's request. Grousbeck praised Chisholm as a passionate Celtics fan and a strong leader committed to winning and supporting the Boston community.

The deal will happen in two stages: Chisholm will initially acquire at least 51 percent of the team, with the remaining shares available for purchase by 2028 at a potentially higher price. This could value the team at $7.3 billion.

Chisholm outbid other buyers, including Celtics minority partner Steve Pagliuca, who expressed disappointment but said he remains ready if the deal falls through.

The Celtics, one of the NBA's most successful franchises, won their record 18th championship in 2023 and are contenders again this season, led by stars Jayson Tatum and Jaylen Brown. Chisholm said he looks forward to building on the team's success and bringing more titles to Boston.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Birmingham News.

More Information

null in null

Business

Section

Stanstead-Derby Line free passage halted as US tightens rules

US ends century-old border pass for Quebec-Vermont library visitors

STANSTEAD, Quebec: U.S. authorities have decided to end a long-standing unwritten rule that allowed people from Stanstead, Quebec,...

Wall Street closes down, AI investors feel the heat

AI stocks lead U.S. equity markets sharply lower

NEW YOKK, New York - U.S. stocks fell sharply Wednesday with tech stocks, mainly those associated with AI, taking the brunt of the...

Canada moves to cut trade barriers as US tariff threat grows

Canada aims for free internal trade to offset US tariffs, Carney says

TORONTO, Canada: As the threat of U.S. tariffs looms, Canada is looking inward to strengthen its economy by removing domestic trade...

Ticketing platform StubHub to float IPO

Ticketing platform StubHub plans to become public company with IPO

NEW YORK CITY, New York: StubHub is getting ready to hit the trading floor. The popular ticketing platform has officially filed to...

Wall Street on edge but major indices notch up marginal gains

Dow Jones rises 4 points in lackluster day for U.S. stocks

NEW YORK, New York - The rally in U.S. stocks petered out Tuesday, however tech stocks made a modest gains, while the industrials edged...

Canada’s carbon tax faces pushback from politicians, oil industry

Canadian opposition, oil CEOs call to end federal carbon price system

CALGARY, Canada: Canada's carbon pricing policy, long a central pillar of its climate strategy, is facing mounting pressure as political...

United Kingdom

Section

Boston Celtics sold for $6.1 billion to private equity mogul Chisholm

Watch latest videos

News RELEASES

Business

Stanstead-Derby Line free passage halted as US tightens rules

Wall Street closes down, AI investors feel the heat

Canada moves to cut trade barriers as US tariff threat grows

Ticketing platform StubHub to float IPO

Wall Street on edge but major indices notch up marginal gains

Canada’s carbon tax faces pushback from politicians, oil industry

United Kingdom

US Rep Marjorie Taylor Greene tells British reporter to 'Go Back' amid question on Yemen attack plans leak

BRITAIN-LONDON-CHANCELLOR OF THE EXCHEQUER-GDP GROWTH FORECAST

John Krasinski to star in Off-Broadway play 'Angry Alan'

Watch Adolescence star Owen Cooper's audition tape for hit Netflix show

Phil Jones to be in Chennai as part of the finals of Road to Old Trafford initiative

Trump declassifies FBI files on Russia probe

Movie Review

Gotcha! [Blu-Ray]