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Boston Celtics Sold for Record $6.1 Billion to Investor Group

William Chisholm leads the historic purchase, with Wyc Grousbeck staying as CEO and governor through 2028.

The Boston Celtics logo is seen on the court before a game between the Celtics and the Cleveland Cavaliers at TD Garden.
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Overview

  • The $6.1 billion sale of the Boston Celtics sets a new record for the most expensive North American sports franchise transaction, surpassing the $6.05 billion sale of the Washington Commanders in 2023.
  • The deal involves a two-stage structure, with 51% of the team sold now and the remaining shares to be sold in 2028, pending NBA Board of Governors approval expected by summer 2025.
  • Wyc Grousbeck, who has led the Celtics since 2002, will remain as CEO and governor through the 2027-28 season to ensure a smooth transition.
  • The new ownership group, led by Massachusetts native and private equity executive William Chisholm, includes current Celtics investor Rob Hale, Bruce Beal Jr., and private equity firm Sixth Street.
  • The sale highlights the increasing role of private equity in sports and is expected to influence future NBA expansion fees, potentially setting a benchmark of $5 billion or more.