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| Boston Herald front page Friday |
The Boston Celtics were sold Thursday for a record-shattering $6.1 billion to a consortium spearheaded by Bill Chisholm, a private equity titan from Massachusetts.
The transaction sets a new benchmark as the priciest in North American sports franchise history, edging out the NFL’s Washington Commanders’ $6.05 billion sale in 2023. The deal underscores a booming trend of escalating sports team valuations, with owners reaping massive profits.
Chisholm, co-founder and managing director of Symphony Technology Group—a private equity firm focused on tech investments—led the acquisition from the Grousbeck family, who had owned the Celtics since 2002 when they paid $360 million. The buying group includes Sixth Street, a private equity powerhouse, existing stakeholder and entrepreneur Rob Hale, and real estate mogul Bruce Beal Jr. The sale now awaits the green light from the NBA’s Board of Governors.
Founded in the 1940s, the Celtics boast an unmatched 18 NBA championships and, as of March 21, 2025, hold the Eastern Conference’s second-best record.
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