William “Bill” Chisholm, Managing Partner of California’s Symphony Technology Groupa private capital company has agreed to buy the Boston Celtics For a record of $ 6.1 billion, a league source confirmed to various points of sale. The agreement is pending approval by the NBA Governor’s Council.
Chisolm makes history of sport with a $ 1 billion agreement
According to the Boston GlobeChisholm is a native of Georgetown, Massachusetts and Dartmouth College Graduate. Its acquisition of the team marks the greatest agreement in the history of the sport, exceeding $ 6.05 million Josh Harris paid the Washington commanders of the NFL in 2023.
Chisholm, a lifelong Celtics fan, expressed his commitment as the leader of the organization and the importance of the franchise for the Boston community.
“Growing on the north shore and attending the University of New England, I have been a fan of the Celtics throughout my life,” Chisholm said in a Start -up of news. “I understand the importance of Celtics for the city of Boston: the role that the team plays in the community is different from any other city in the country. I also understand that there is a responsibility as the leader of the organization to the people of Boston and I am up to this challenge.”
“Just wants to be a great owner”
Celtics owned group, Boston Basketball Partners, LLC, led by the co -owners Wyc Griusbeck and Steve Pagliuca, announced the sale on Thursday morning. After the 18th team victory of the team last June, they started the sale process after initially purchasing the franchise for $ 360 million in 2002, seconds. Sph and a new version.
Despite the sale, key positions will be occupied by members of the property group and other executives. Griusbeck will continue in his roles as CEO and governor, supervising the team’s operations, during the season 2027-2028 NBA. The current owner of Celtics, Rob Hale and Bruce A. Beal, Jr., president of related companies, as well as the Sixth Street investment signing will also be part of the group.
“I know that (Chisolm) appreciates the importance of the Celtics and burned with passion for winning on the court while pledged to the community, said Grousbeck.” He simply wants to be a great owner. “
Celtics co -owner also tendered to buy the team
Pagliuca was between various bidders on the team. In a statement published on social media on Thursday morning, he confirmed the sale and declined that his offer was unsuccessful.
“We made a fully guaranteed and funded offer at a record price, to achieve the best sports fans of the world and with the whole capital from people who are fully committed to win and off the court,” said Pagliuca. “We believed that it was the best offer for the Celtics. It is an offer of authentic fans, deeply connected to the Boston community and we have become sad that we have not been selected in the process.”
Here is my statement about today’s news. pic.twitter.com/LHKCSLECGF
– Steve Pagliuca (@pagscells) March 20, 2025
According to AthleticsChisolm can face financial challenges despite successful franchise. The team “will exceed the luxury tax for a fourth consecutive season by 2025-26”, with the potential of a payroll of $ 400 million due to the increase in repeater’s tax rate by the current collective bargaining agreement.
The Celtics Superstrel and the Power Jayson Tatum striker shared their reflections on the team’s new property.
“We have great people in this organization and in this team and we have worked very hard to build something special. I trust that they will make the correct decisions in who this group is,” said Tatum last week, according to the Atlantic.
Nuggery He reported that Tatum achieved the best paid player title in NBA history with an innovative 5 -year -old $ 314 million extension with Celtics. The agreement happens during the 2029-2030 season.
