William Chisholm buys Boston Celtics for record $6.1 billion
- William Chisholm has agreed to buy the Boston Celtics for $6.1 billion, which is a record price for a sports franchise.
- The sale is pending approval from the NBA Board of Governors and includes a plan for future ownership transition.
- This transaction underscores the escalating value of professional sports teams in the United States.
In March 2025, the Boston Celtics, one of the most successful franchises in NBA history, were sold to William Chisholm, managing partner of Symphony Technology Group, for a record price of $6.1 billion. This significant sale surpasses the previous highest price paid for an American sports team, which was $6.05 billion for the Washington Commanders in 2023. The Celtics, who recently claimed their 18th NBA championship, were put up for sale following the team's success in June 2024, marking a pivotal moment in their storied history. The ownership group, led by Chisholm, also includes Rob Hale, a current Celtics co-owner, and Bruce Beal Jr., president of Related Companies. Chisholm, a lifelong fan born in Massachusetts, expressed his commitment to maintaining the Celtics’ community ties and competitive spirit. The deal entails acquiring at least 51% ownership first, pending approval by the NBA’s Board of Governors this summer, with the remainder of the ownership expected to be finalized in 2028. Previous attempts to acquire the team were made by other interested parties, including Celtics co-owner Steve Pagliuca, who stated that he believed his bid had the best prospects for the franchise. The Celtics were previously sold for just $360 million in 2002, highlighting a tremendous increase in valuation over the years. This new sale not only reflects the growing value of sports franchises but also underscores the deep-rooted connection that fans and local investors have towards their teams. The transition in ownership comes at a critical juncture for the Celtics, as they look to continue their legacy of success. Under Chisholm’s stewardship, there is hope to not only keep the team competitive on the court but also ensure it remains a vital part of Boston's cultural fabric. As the sale progresses, current owner Wyc Grousbeck, who has served as the team's governor during his family's 23-year tenure, will remain in leadership until the completion of the sale, providing continuity during this period of change.