onlyTrustedInfo.comonlyTrustedInfo.comonlyTrustedInfo.com
Notification
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Reading: Celtics to be sold for $6.1 billion, the most in U.S. major pro sports history
Share
onlyTrustedInfo.comonlyTrustedInfo.com
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Search
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
  • Advertise
  • Advertise
© 2025 OnlyTrustedInfo.com . All Rights Reserved.
Sports

Celtics to be sold for $6.1 billion, the most in U.S. major pro sports history

Last updated: March 20, 2025 12:29 pm
Oliver James
Share
4 Min Read
Celtics to be sold for .1 billion, the most in U.S. major pro sports history
SHARE

The Boston Celtics are being sold for what would be a record-setting initial valuation of $6.1 billion to a group led by Symphony Technology Group managing partner William Chisholm, the sides said Thursday.

The sale — if approved by the NBA’s board of governors after a thorough vetting process — would be the richest in U.S. major pro sports history. That process likely would not be completed until the summer, at the earliest.

The $6.1 billion valuation — which would seem to be a minimum, since that is just the initial number — would break the mark set when a group led by Josh Harris bought the NFL’s Washington Commanders for $6.05 billion in 2023. 

Boston Basketball Partners LLC announced last summer that it intended to sell the majority of the Celtics either late last year or early this year, then would sell the balance of its shares in 2028. Wyc Grousbeck, whose family leads the ownership group, is expected to remain the Celtics’ governor through the 2027-28 season.

Grousbeck’s group bought the Celtics for $360 million in 2002.

“My partners and I have immense respect for Wyc, the entire Grousbeck family and their indelible contributions to the Celtics organization over the last 23 years,” Chisholm said in a release announcing the agreement, the details of which were confirmed by the agencies representing both sides involved in the sale. “We look forward to learning from Wyc and partnering with Brad Stevens, Joe Mazzulla and the talented team and staff to build upon their success as we work to bring more championships home to Boston.”

Paul Pierce on the Celtics’ path to repeating as NBA champs

Paul Pierce on the Celtics’ path to repeating as NBA champs

The $6.1 billion figure would also top — by a big margin — recent NBA franchise sales. In 2023, the Phoenix Suns were purchased by mortgage firm owner Mat Ishbia for $4 billion, the Milwaukee Bucks were sold to Cleveland Browns owners Jimmy and Dee Haslam for $3.5 billion, and Mark Cuban agreed to the sale of the majority of his Dallas Mavericks’ ownership shares to Miriam Adelson and son-in-law Patrick Dumont, who operates the Las Vegas Sands casino company, for $3.5 billion.

“Bill is a terrific person and a true Celtics fan, born and raised here in the Boston area,” Grousbeck said of Chisholm. “His love for the team and the city of Boston, along with his chemistry with the rest of the Celtics leadership, make him a natural choice to be the next governor and controlling owner of the team.”

Grousbeck added that Chisholm “asked me to run the team as CEO and governor for the first three years, and stay on as his partner.”

Reporting by The Associated Press.

Want great stories delivered right to your inbox? Create or log in to your FOX Sports account, follow leagues, teams and players to receive a personalized newsletter daily!

FOLLOW Follow your favorites to personalize your FOX Sports experience

National Basketball Association

National Basketball Association

Boston Celtics

Boston Celtics


National Basketball Association

Get more from National Basketball Association Follow your favorites to get information about games, news and more


You Might Also Like

2025 NFL betting: 3 over/unders to bet right now

Nick Kurtz of Athletics becomes 1st MLB rookie to hit 4 homers in a game, matches total base record

Triple H shares behind-the-scenes look at major WWE SmackDown debut

4 Signs Alexa Bliss will return to WWE on SmackDown tonight

Gabe Taylor, younger brother of the late Sean Taylor, attends Commanders rookie camp on a tryout

Share This Article
Facebook X Copy Link Print
Share
Previous Article Sam Curran hoping IPL form and Surrey T20 captaincy can put him back in England frame under Brendon McCullum | Cricket News Sam Curran hoping IPL form and Surrey T20 captaincy can put him back in England frame under Brendon McCullum | Cricket News
Next Article 2000s Cyberpunk Action Thriller On Paramount+ Adapts Legendary Sci-Fi Author’s Bleak Future 2000s Cyberpunk Action Thriller On Paramount+ Adapts Legendary Sci-Fi Author’s Bleak Future

Latest News

Reports: Mikal Bridges agrees to 4-year, 0 million extension with Knicks
Reports: Mikal Bridges agrees to 4-year, $150 million extension with Knicks
Sports July 31, 2025
A winner either way: José Caballero traded from Rays to Yankees while teams were playing each other
A winner either way: José Caballero traded from Rays to Yankees while teams were playing each other
Sports July 31, 2025
Favorites emerge to land disgruntled Commanders WR Terry McLaurin
Favorites emerge to land disgruntled Commanders WR Terry McLaurin
Sports July 31, 2025
MLB trade deadline: Ranking the top 50 trades, from a multitude of relievers to Carlos Correa’s return to Houston
MLB trade deadline: Ranking the top 50 trades, from a multitude of relievers to Carlos Correa’s return to Houston
Sports July 31, 2025
//
  • About Us
  • Contact US
  • Privacy Policy
onlyTrustedInfo.comonlyTrustedInfo.com
© 2025 OnlyTrustedInfo.com . All Rights Reserved.