Chisholm Leads Consortium in Celtics Purchase

The Boston Celtics, the reigning NBA champions, are set to be sold to William Chisholm, co-founder of Symphony Technology Group, for a record-breaking $6.1 billion, surpassing the previous record of $6.05 billion for the Washington Commanders. Chisholm, a Massachusetts native and lifelong Celtics fan, leads a consortium in this acquisition, marking the highest price paid for a sports team in North America. The Grousbeck family, who purchased the team for $360 million in 2002, will retain a management role, with Wyc Grousbeck staying on as CEO until 2028. The sale is pending approval from the NBA's board of governors. Although the initial payment is $6.1 billion, the final valuation could reach $7.3 billion, as the team does not own its arena, which limits revenue streams. This deal highlights the significant financial growth of NBA franchises and reflects the Celtics' storied history and strong brand presence.