The $6.1 billion acquisition of the Boston Celtics by private equity executive William Chisholm and his investment group is reportedly set to close within the next two weeks, according to Sportico. The transaction, which still requires approval from the NBA’s board of governors, would mark one of the largest ownership transfers in North American sports history.
Chisholm, co-founder and managing partner of California-based PE firm STG Partners, is a Massachusetts native and lifelong Celtics fan. His group first announced plans to acquire the team from the Grousbeck family in March. While he is expected to eventually assume the role of team governor, Wyc Grousbeck will remain in that position until the end of the 2027–28 season.
The Celtics were previously bought by Boston Basketball Partners LLC for $360 million in 2002. The $6.1 billion price tag was a record at the time of announcement, though it was later eclipsed by a $10 billion valuation in a separate agreement involving the Los Angeles Lakers and Mark Walter in June.
BDT & MSD Partners and JPMorgan Chase are managing the transaction process, but neither they nor the NBA commented on the timing of the deal’s close.
Source: Reuters
