Boston Celtics to be sold for record $6.1 billion to group led by private equity mogul
Source: news.source.mb
Private equity mogul William Chisholm has agreed to purchase the Boston Celtics for a record-breaking $6.1 billion, marking the highest price ever paid for an American professional sports team. The deal, announced on March 20, 2025, awaits approval from the NBA's board of governors. Chisholm, a Massachusetts native and a lifelong Celtics fan, plans to acquire at least 51% of the team initially, with current owners retaining the option to sell their remaining shares by 2028. The new ownership group also includes Boston businessmen Rob Hale and Bruce Beal Jr. Wyc Grousbeck, the current CEO and Governor, will stay on for three more seasons at Chisholm's request.
Key Points
William Chisholm, a private equity mogul, has agreed to buy the Boston Celtics for a minimum of $6.1 billion.
The deal awaits approval from the NBA's board of governors, expected this summer.
The sale would surpass the previous record of $6.05 billion paid for the Washington Commanders in 2023.
Chisholm plans to initially acquire at least 51% of the team, with the option for current owners to sell the rest by 2028.
The new ownership group includes Chisholm, Rob Hale, and Bruce Beal Jr.
Wyc Grousbeck will remain CEO and Governor for three more seasons.
Chisholm outbid at least two other groups, including one led by current Celtics minority partner Steve Pagliuca.
