After months of uncertainty, the Boston Celtics have reportedly found a new owner. The team’s current ownership group, the Grousbeck family, has reportedly agreed to sell the franchise to a group led by Bill Chisholm, co-founder of Symphony Technology Group, per ESPN’s Shams Charania.
The team will reportedly be bought for $6.1 billion, a record for a North American sports franchise.
BREAKING: Bill Chisholm, managing partner at Symphony Technology Group, has agreed to purchase the Boston Celtics from the Grousbeck family for a valuation for $6.1 billion, sources tell ESPN. This now is the largest sale for a sports franchise in North America. pic.twitter.com/iPphqSQswe
— Shams Charania (@ShamsCharania) March 20, 2025
The news comes nine months after Celtics majority owner Wyc Grousbeck announced he was looking to sell the team. Grousbeck made that announcement just weeks after the Celtics defeated the Dallas Mavericks to win the 2024 NBA Finals.
Grousbeck, with the assistance of an investment group, purchased the team for $360 million in 2002. Under his guidance, the Celtics won two championships and appeared in the NBA Finals four times. As of October 2024, Forbes valued the franchise at $6 billion, the highest total among all NBA teams. That valuation wasn’t far off based on Thursday’s reported agreement.
Who is new Celtics owner Bill Chisholm?
Chisholm co-founded Symphony Technology Group in 2002, and serves as its managing partner and chief investment officer. Symphony Technology Group is a private equity firm that manages “data, software and analytics ventures,” per its website.
Prior to co-founding the business, Chisholm worked at The Valent Group, a risk-management company, Bain & Company, a consulting firm, and PaineWebber, Inc, a bank and stock brokerage firm.
This story will be updated.
