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The Boston Celtics have been acquired by William Chisholm, the managing partner of Symphony Technology Group, for a staggering 6.1 billion dollars.
This deal was officially announced on Thursday.
The 6.1 billion dollar valuation sets a new record for the highest amount paid to acquire a sports franchise in North America. The previous record was held by the Washington Commanders, who changed hands for 6.05 billion dollars in 2023. Earlier that year, Mat Ishbia set a record in the NBA by purchasing the Phoenix Suns for four billion dollars.
Having bought the Celtics for 360 million dollars in 2002, the Grousbeck family has expressed their intention to sell the historic franchise shortly after celebrating the team’s 18th NBA championship, marking a fitting conclusion to the 2023-24 season. Wyc Grousbeck, the current co-owner, will continue to serve as CEO and Governor until the NBA Board of Governors gives the green light to the new ownership, a process that is expected to take up to three years.
As the reigning champions navigate a prolonged transition period with multiple bids to take over the team, Coach Joe Mazzulla’s squad stands second in the Eastern Conference with a record of 50-19. They trail the top-seeded Cleveland Cavaliers by six games and are 6.5 games ahead of the third-seeded New York Knicks, positioning the Celtics favorably to maintain their second place until the end of the Regular Season and the commencement of the 2025 Playoffs, presented by Google.
The team’s itinerary includes a six-game road trip that lasts until the end of March, starting with a matchup against the Utah Jazz at the Delta Center this Friday.
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