The Boston Celtics‘ ownership group has agreed to sell the franchise for $6.1 billion to Bill Chisholm, the managing director and co-founder of private equity firm Symphony Technology Group, the Boston Globe’s Adam Himmelsbach first reported Thursday. The deal would set a record for the most a North American professional sports franchise has ever sold for, surpassing the purchase of the Washington Commanders in 2023.
Chisholm grew up a Celtics fan in Massachusetts. His group has agreed to purchase the team from Boston Basketball Partners LLC, the ownership group led by the Grousbeck family. Last July, after the franchise won its 18th championship, it announced that the team was for sale, but that Wyc Grousbeck intended to remain governor of the team until 2028. Grousbeck reiterated this after the team visited the White House in November. The Athletic’s Mike Vorkunov reported Thursday that Grousbeck will indeed remain governor and CEO of the team until 2028.
This breaking news story will be updated.
