The NBA has officially approved the sale of the Boston Celtics to an investment group headed by Bill Chisholm, five months after the record-breaking $6.1 billion agreement was reached. The league’s Board of Governors gave the deal unanimous approval on Wednesday, confirming that the transaction is expected to close in the coming days.
Chisholm, the managing director and co-founder of Symphony Technology Group, is a Massachusetts native and lifelong Celtics fan.
When the sale was announced earlier this year, it marked the highest price ever paid for a North American sports franchise — a record later eclipsed by the $10 billion sale of the Los Angeles Lakers in June to billionaire Mark Walter.
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Initially, it was stated that Wyc Grousbeck would remain as the Celtics’ CEO and governor through the 2027–28 season, overseeing day-to-day operations.
However, recent reports indicate Chisholm will now take over the role of governor, as Grousbeck will no longer hold the NBA’s required minimum 15% ownership stake. Despite this change, ESPN reports that both men still intend to manage the team together as originally planned.
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The Grousbeck family and Steve Pagliuca purchased the Celtics in 2002 for $360 million, steering the franchise to multiple NBA Finals appearances and, most recently, their record-setting 18th championship in 2024. With new ownership now in place, fans will be eager to see if Chisholm’s leadership can build on that legacy and guide the Celtics to even more success in the years ahead.
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