Celtics sale approved by NBA board; Chisholm-led group prepares to own record-setting franchise
The NBA Board of Governors has approved the sale of the Boston Celtics to a investor group led by Bill Chisholm, a deal announced months ago at a record price for a North American sports franchise. The approval comes roughly five months after the Celtics agreed to the $6.1 billion sale, and it sets the stage for a full ownership transition in the coming years.
Under the agreed terms, Chisholm will hold at least a 51% stake in the team immediately, with full control expected to pass to him by 2028. The sale price positions the Celtics for a potential total franchise value approaching $7.3 billion in the years ahead.
Chisholm, a Massachusetts native, is the managing partner of California-based Symphony Technology Group. The ownership group also includes Boston businessman Rob Hale (a current Celtics shareholder) and Bruce Beal Jr.
Wyc Grousbeck, who helped steer the Celtics’ purchase in 2002, is widely expected to step away from his governor role once the sale closes. He is anticipated to retain the CEO title and serve as an alternate governor, ensuring continuity during the ownership transition.
Historically, the Celtics have been among the league’s most successful franchises. The team added championships No. 17 in 2008 and No. 18 in 2024, and have made NBA Finals appearances in 2010 and 2022. With 18 championships, the Celtics rank third among all North American professional sports teams, behind only the Yankees and the Canadiens.
Industry observers note that the record price underscores the growing appetite for elite sports franchises and the enduring appeal of the Celtics’ brand. The new ownership group’s tech background could foster enhanced analytics, digital fan engagement, and other innovations, even as it aims to preserve established operating practices and maintain stability during the leadership transition.
The deal’s completion by 2028 will mark a new era for the Celtics, with the group’s Boston ties and long-term plan expected to support ongoing competitiveness, community involvement, and revenue growth as the franchise continues to build on its storied legacy. The Celtics enter this chapter with a championship pedigree and a commitment to sustained excellence both on and off the court.