After months of uncertainty, the Boston Celtics have reportedly discovered a brand new proprietor. The group’s present possession group, the Grousbeck household, has reportedly agreed to promote the franchise to a bunch led by Invoice Chisholm, co-founder of Symphony Know-how Group, per ESPN’s Shams Charania.
The group will reportedly be purchased for $6.1 billion, a file for a North American sports activities franchise.
BREAKING: Invoice Chisholm, managing accomplice at Symphony Know-how Group, has agreed to buy the Boston Celtics from the Grousbeck household for a valuation for $6.1 billion, sources inform ESPN. This now could be the biggest sale for a sports activities franchise in North America. pic.twitter.com/iPphqSQswe
— Shams Charania (@ShamsCharania) March 20, 2025
The information comes 9 months after Celtics majority proprietor Wyc Grousbeck introduced he was seeking to promote the group. Grousbeck made that announcement simply weeks after the Celtics defeated the Dallas Mavericks to win the 2024 NBA Finals.
Grousbeck, with the help of an funding group, bought the group for $360 million in 2002. Below his steering, the Celtics gained two championships and appeared within the NBA Finals 4 instances. As of October 2024, Forbes valued the franchise at $6 billion, the very best whole amongst all NBA groups. That valuation wasn’t far off based mostly on Thursday’s reported settlement.
Who’s new Celtics proprietor Invoice Chisholm?
Chisholm co-founded Symphony Know-how Group in 2002, and serves as its managing accomplice and chief funding officer. Symphony Know-how Group is a non-public fairness agency that manages “data, software and analytics ventures,” per its web site.
Previous to co-founding the enterprise, Chisholm labored at The Valent Group, a risk-management firm, Bain & Firm, a consulting agency, and PaineWebber, Inc, a financial institution and inventory brokerage agency.
This story might be up to date.
