Thursday, August 14, 2025 - The National Basketball Association aka NBA has approved the sale of the Boston Celtics to an investment group led by American billionaire businessman, Bill Chisholm, five months after the record $6.1 billion deal was agreed.
“The NBA Board of Governors has unanimously approved the sale
of the controlling interests in the Boston Celtics to an investor group led by
Bill Chisholm,” the league announced. “The transaction is expected to close
shortly.”
Chisholm, managing director and co-founder of Symphony
Technology Group, made the purchase alongside co-investors at an initial
valuation of $6.1 billion — the highest ever for a North American sports team
at the time. That figure has since been surpassed by the $10 billion sale of
the Los Angeles Lakers to billionaire Mark Walter.
When the sale was first announced, Wyc Grousbeck was expected
to remain CEO and governor of the franchise through the 2027-28 season.
However, reports indicate Chisholm will assume the governor role since
Grousbeck will no longer meet the league’s 15% ownership requirement.
Despite this, Chisholm — a Massachusetts native and lifelong
Celtics fan, and Grousbeck are expected to continue running the team together
as initially planned.
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