On August 19, 2025, the Boston Celtics officially transitioned to new ownership, marking the end of a transformative era for the storied NBA franchise. Private equity mogul Bill Chisholm, a lifelong Celtics fan and Massachusetts native, now leads a consortium that acquired the team for a record $6.1 billion—the highest price ever paid for an American professional sports franchise. (AP News)
The NBA Board of Governors unanimously approved the sale, signaling confidence in Chisholm’s leadership and the future direction of the team. The purchase agreement includes a structured buyout plan, with Chisholm taking control of at least 51% of the team immediately. Full ownership is expected by 2028, at which point the total valuation could rise to $7.3 billion. (ESPN.com, Markets Group)
Chisholm’s acquisition ushers in a new chapter for the Celtics, who have a rich legacy of 18 NBA championships. The ownership group comprises several prominent investors, including current Celtics shareholder Rob Hale, Bruce Beal Jr., and international business figures like Aditya Mittal. Institutional investment is also represented by Sixth Street Partners, which holds a 12.5% stake in the team. (CelticsBlog)
Despite the change in ownership, continuity remains a priority. Wyc Grousbeck, who led the Celtics’ previous ownership group and helped guide the team to championships in 2008 and 2024, will remain involved as CEO and Alternate Governor. Team president Rich Gotham, general manager Brad Stevens, and head coach Joe Mazzulla will continue in their roles, ensuring stability during the transition. (The Times of India, CelticsBlog, AP News)
Chisholm’s background in private equity and his deep ties to the New England community position him uniquely to lead the Celtics into the future. He co-founded Symphony Technology Group, a California-based private equity firm, and has a history of successful investments across various sectors. His commitment to the Celtics is personal; he grew up a fan of the team and has an “encyclopedic knowledge” of its history. (BostonGlobe.com, Wikipedia)
The sale comes at a time of significant change for the Celtics. The team is navigating roster adjustments, including the trade of key players like Jrue Holiday and Kristaps Porzingis, to manage payroll under new league rules. Additionally, star player Jayson Tatum is recovering from Achilles surgery, which has raised questions about the team’s immediate prospects. (AP News)
In his first public statement following the sale, Chisholm expressed his dedication to the Celtics’ legacy and future success. “We are committed to building on the legacy of the Celtics and raising banners,” he said. “And I can’t wait for the team to get back out there this fall.” (TSN)
The Celtics’ sale to Chisholm represents more than a financial transaction; it signifies a new era for one of the NBA’s most iconic franchises. With a leadership team that blends continuity and fresh vision, the Celtics are poised to continue their pursuit of excellence on and off the court.
