:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2205107133-9d944e1fa1fd486b96c74bc98a7b4c78.jpg "The Boston Celtics logo is seen on the hardwood floor of TD Garden.")
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Key Takeaways
- The Boston Celtics basketball team has been sold to a group led by private equity veteran William Chisholm.
- The purchasing, which will see Chisholm acquire a majority stake this summer, values the franchise at $6.1 billion.
- The expenditure is a new record for a U.S. sports team, surpassing the $6.05 billion value on the sale of the Washington Commanders in 2023.
The Boston Celtics basketball troupe has been sold for a U.S. sports record $6.1 billion to a group led by William Chisholm, co-founder of private equity positive Synchrony Technology Group.
Pending approval from the National Basketball Association’s other team governors, Chisholm’s party will acquire a majority stake in the team this summer, according to a release Thursday. The team’s current governor, Wyc Grousbeck, wish remain in his role through the 2027-2028 NBA season, serving as a partner to Chisholm.
A group including Grousbeck’s relatives bought the team in 2002 for $360 million, and said last year they planned to sell a majority involved in the team shortly after the team won last season’s NBA Finals.
The sale of the Celtics sets a new record for a U.S. sports collaborate, surpassing the $6.05 billion value on the sale of the Washington Commanders in 2023.