NBA Gives Green Light: Boston Celtics Sold To Bill Chisholm For Record $6.1B

The Boston Celtics, one of the most legendary teams in basketball, have just made history off the court. The NBA has officially approved the sale of the team to Bill Chisholm for an eye-popping $6.1 billion, making it the highest price ever paid for a North American sports franchise. That’s right, even more than what was paid for the NFL or other NBA teams before. If you thought the business side of sports couldn’t get crazier, the Celtics just set a new bar.

So, who is Bill Chisholm?

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Bill Chisholm is a Massachusetts native and a super successful businessman, running Symphony Technology Group out in California. But don’t let the West Coast connection fool you, Chisholm grew up with Celtics pride and knows what the team means to Boston. He leads a group of investors, including some local big names like Rob Hale and Bruce Beal Jr., and even some big international players like Aditya Mittal, who put down a cool $1 billion to help secure the deal.

All about the deal

This isn’t just a simple swap. Chisholm and his team now control at least 51% of the Celtics, but they’re set to buy out the rest by 2028. By then, the total value of the deal could reach a staggering $7.3 billion. It’s all happening because the NBA Board of Governors unanimously gave the sale the go-ahead, so it’s as official as it gets.

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Wyc Grousbeck, who bought the Boston Celtics back in 2002 for just $360 million (imagine that!), will stay on as CEO and alternate governor of the team until 2028. After that, the reins are fully handed over to the new ownership.

Boston Celtics: The most successful NBA team

Let’s not forget what the Celtics have been up to under Grousbeck and his crew. They brought home NBA championship banners in both 2008 and 2024, making them the most successful franchise in NBA history with 18 titles; only the Yankees and Canadiens have more in North America. Their rich history, die-hard fans, and recent wins definitely helped drive this record sale price.

Bill Chisholm isn’t just buying a basketball team. He’s stepping into one of Boston’s biggest traditions and is expected to keep the Celtics’ winning spirit alive. In his own words, he knows the “team’s influence within the community is unparalleled compared to any other city in the nation,” and he’s geared up to take on the responsibility.

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So, Celtics fans, get ready for a new era.

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