Bill Chisholm reportedly agrees record $6.1bn deal to buy Boston Celtics

Boston, MA – Bill Chisholm, the founder of private equity firm Symphony Technology Group (STG), has reportedly struck a historic $6.1 billion deal to purchase the Boston Celtics, according to ESPN.

Read More : Who is Bill Chisholm? Biography, Net Worth, and Key Details

Record-Breaking Sale in U.S. Sports

The agreement marks the most expensive sale of a U.S. sports franchise, surpassing the $6.05 billion deal for the NFL’s Washington Commanders in 2023, led by Josh Harris and Mitchell Rales.

The Grousbeck family, who have owned the Celtics since 2002, had previously announced plans to sell the team in 2024 or 2025. The sale represents a massive return on investment for the Grousbecks and Steve Pagliuca, who originally acquired the franchise for $360 million.

Celtics’ Dominance and Future Outlook

The Boston Celtics stand as one of the NBA’s most storied franchises, holding a record 18 NBA championships, including their latest victory in the 2024 NBA Finals against the Dallas Mavericks.

With a strong core of Jaylen Brown, Jayson Tatum, and Kristaps Porziņģis, the team remains a top contender for future championships. They are currently ranked second in the NBA Eastern Conference, reinforcing their status as a premier franchise.

NBA’s Financial Strength

Despite slight dips in audience numbers, the NBA continues to thrive financially. In 2024, the league secured a massive $76 billion, 11-year broadcasting rights deal with ESPN, NBC, and Amazon, further solidifying its economic power.

Last year, Forbes valued the Celtics at $6 billion, ranking them as the fourth-most valuable NBA team behind:

1. Golden State Warriors – $8.8 billion
2. New York Knicks – $6.1 billion
3. Los Angeles Lakers – $6.4 billion

What’s Next?

The Celtics’ sale signals a new era for the legendary franchise. While Chisholm’s vision for the team remains unclear, fans and analysts alike eagerly await what the new ownership will bring to one of the NBA’s most successful teams.