In a move that has sent shockwaves through the sports world, the NBA Board of Governors unanimously approved the jaw-dropping $6.1 billion sale of the Boston Celtics to an investment group led by billionaire Bill Chisholm, the league announced on Wednesday. This record-breaking transaction marks the largest ever for an NBA franchise, cementing the Celtics’ status as one of the most valuable teams in professional sports.
The announcement comes exactly one year after the Celtics clinched their 18th NBA championship, a triumph that solidified their legacy as one of basketball’s most storied franchises. Hot on the heels of that historic victory, longtime owner Wyc Grousbeck stunned fans by revealing his intention to sell the team. After months of speculation, Boston native and managing partner at STG Partners, Bill Chisholm, emerged as the leader of the investment group that would take the reins of the iconic franchise.
Wednesday’s announcement was a formality, confirming what Celtics fans had anticipated: Chisholm’s group would officially take ownership. The news arrived alongside reports that Grousbeck would step back from his role as the team’s governor during the transition period through the 2028 season. According to ESPN’s Ramona Shelburne, Chisholm will assume the role of governor once the sale is finalized, while Grousbeck will remain involved as the alternate governor and CEO, working alongside Chisholm to ensure a smooth handover.
The $6.1 billion price tag underscores the meteoric rise in NBA franchise valuations and the Celtics’ enduring appeal as a global brand. With a passionate fanbase, a rich history, and a recent championship to their name, the Celtics represent a crown jewel in professional sports. As Chisholm steps into this high-stakes role, all eyes will be on how his leadership shapes the future of this legendary team.