The Boston Celtics, one of the most legendary franchises in basketball, have officially been sold for a record $6.1 billion. This sale sets a new benchmark in U.S. sports history, surpassing the previous record of $6.05 billion paid for the NFL’s Washington Commanders in 2023.
The Celtics, who secured their 18th championship last season, have long been one of the most valuable teams in the NBA. Forbes recently ranked them as the fourth-most valuable franchise, behind the Golden State Warriors, New York Knicks, and Los Angeles Lakers. The deal was led by businessman William Chisholm, co-founder of Symphony Technology Group, a private equity firm based in California.
Chisholm, a Massachusetts native and lifelong Celtics fan, expressed his excitement about taking over ownership.
“I understand how important the Celtics are to the city of Boston. The role the team plays in the community is different than any other city in the country,” he said. “I also understand the responsibility that comes with leading this franchise, and I’m ready for the challenge.”
Who’s In and Who’s Out?
The Celtics’ current ownership group, led by Wyc Grousbeck and Steve Pagliuca, originally purchased the team for $360 million in 2002. Grousbeck will remain in his role as CEO and governor of the franchise until the 2027-28 season, ensuring a smooth transition of leadership.
Several potential buyers were in the mix before Chisholm’s group was selected. Among them was co-owner Steve Pagliuca, who made a strong bid but ultimately lost out. In a statement, he shared his disappointment, saying,
“I worked tirelessly to put together a strong offer. I will never stop being a Celtic, and if this deal falls through, my partners and I are ready to step in.”
The new ownership group includes Chisholm, Celtics co-owner Robert Hale, Bruce Beal Jr. (president of Related Companies), and the global investment firm Sixth Street.
What This Means for the Celtics’ Future
While a change in ownership can often signal major shifts in team management, the Celtics appear to be in steady hands. Head coach Joe Mazzulla and president of basketball operations Brad Stevens will continue leading the team on the court, while Chisholm looks to maintain the Celtics’ winning culture.
The team’s current roster, led by Jayson Tatum and Jaylen Brown, has been dominant in the Eastern Conference. With strong leadership and financial backing, the Celtics are well-positioned to continue their success in the coming years.
The sale is still pending final approval from the NBA Board of Governors, but once completed, it will mark the beginning of a new era for one of basketball’s most storied franchises.
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