The Boston Celtics, the most decorated team in NBA history, are making headlines again. This time, it’s not for their success on the court but for a record-breaking sale. Billionaire investor Bill Chisholm has agreed to purchase the team for $6.1 billion, setting a new high for professional sports team sales.
A Historic Deal in the Sports Industry
On Thursday, multiple sources confirmed that Chisholm, managing partner at Symphony Technology Group, reached an agreement to buy the Celtics. However, the deal still requires approval from the NBA Board of Governors. If finalized, it will surpass the previous record set in 2023 when the NFL’s Washington Commanders sold for $6.05 billion.
Within the NBA, this sale also outshines the 2022 agreement for the Phoenix Suns, which was valued at $4 billion. The $6.1 billion transaction cements the Celtics’ place in history, not just for championships but also for financial milestones.
A Lifelong Celtics Fan Takes Ownership
Chisholm has deep ties to Boston and New England. Born and raised in Massachusetts, he attended Dartmouth College and has always supported the team. His passion for the Celtics runs deep.
“I have been a die-hard Celtics fan my entire life,” Chisholm stated. “I know how much this team means to Boston. The Celtics are more than a basketball team; they are part of the city’s identity. Leading this organization is a huge responsibility, and I am ready for it.”
According to Sportico, Chisholm’s net worth is estimated at $10 billion. Sources also say he has an encyclopedic knowledge of the team’s history, making him an ideal new owner.
A Massive Return on Investment for the Grousbeck Family
If the sale is approved, the Celtics’ current majority owners, the Grousbeck family, will see an incredible return. They initially bought the team for far less, and now they stand to gain approximately $6.1 billion from this deal.
With this sale, Boston sports history enters a new chapter. Fans will be eager to see how Chisholm leads the Celtics into the future.
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