Boston Celtics Sold for Record $6.1 Billion

Bill Chisholm, managing partner at Symphony Technology Group, has agreed to purchase the Boston Celtics from the Grousbeck family for a record $6.1 billion, marking the largest sale for a sports franchise in North America. The sale is expected to be ratified by the NBA’s Board of Governors this summer, following a competitive bidding process. Minority owner Steve Pagliuca expressed disappointment at the decision, asserting that his bid was better aligned with the community and the team's championship aspirations. Jayson Tatum, a star player for the Celtics, voiced his confidence in the new ownership and emphasized the importance of maintaining the team's culture. The transition in ownership comes after the Celtics celebrated their 18th championship title, underscoring the franchise's historical significance in the NBA. Chisholm stated his commitment to the team and its role within the Boston community.