National Basketball Association aka NBA has approved the sale of the Boston Celtics to an investment group led by American billionaire businessman, Bill Chisholm, five months after the record $6.1 billion deal was agreed.
“The NBA Board of Governors has unanimously approved the sale of the controlling interests in the Boston Celtics to an investor group led by Bill Chisholm,” the league announced. “The transaction is expected to close shortly.”
Chisholm, managing director and co-founder of Symphony Technology Group, made the purchase alongside co-investors at an initial valuation of $6.1 billion — the highest ever for a North American sports team at the time. That figure has since been surpassed by the $10 billion sale of the Los Angeles Lakers to billionaire Mark Walter.
When the sale was first announced, Wyc Grousbeck was expected to remain CEO and governor of the franchise through the 2027-28 season. However, reports indicate Chisholm will assume the governor role since Grousbeck will no longer meet the league’s 15% ownership requirement.
Despite this, Chisholm — a Massachusetts native and lifelong Celtics fan, and Grousbeck are expected to continue running the team together as initially planned.
The Celtics, one of the NBA’s most iconic franchises, hold a record 18 championships, with their most recent title won in 2024.
