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Boston Celtics Sold for $6.1 Billion, a US Sports Team Record
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Key Points
- The Boston Celtics basketball team has been sold to a group led by private equity veteran William Chisholm.
- The sale will give Chisholm a majority stake this summer, a franchise of $6.1 billion.
- Price is a new record for the US sports team, with a price of over $6.05 billion in value when the Washington Commander was sold in 2023.
The Boston Celtics basketball team is priced at US sports record $6.1 billion and is led by William Chisholm, co-founder of private equity firm Synchronous Technology Group.
Chisholm’s team will be approved by the governors of other teams of the National Basketball Association, which will receive a majority stake in the team this summer, according to a press release on Thursday. The team’s current Governor WYC Grousbeck will continue to play in his role in the 2027-2028 NBA season and become a partner at Chisholm.
A group, including Grousbeck’s family, bought the team for $360 million in 2002 and said they planned to sell a majority stake in the team shortly after winning last season’s NBA final.
The Celtics’ sale sets a new record for the U.S. sports team, with more than $6.05 billion in value when the Washington Commander was sold in 2023.
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