Report: Boston Celtics bought for $6.1 billion

A nine-month saga got here to a detailed on Thursday morning when stories surfaced of the Boston Celtics being bought to William Chisholm.

“The Boston Globe” reported that the managing director of Symphony Expertise Group had gained the race for the Cs with a $6.1 billion bid.

“Rising up on the North Shore and attending faculty in New England, I’ve been a die-hard Celtics fan my total life,” mentioned Chisholm by way of businesswire.com. “I perceive how essential the Celtics are to town of Boston – the position the group performs locally is totally different than every other metropolis within the nation. I additionally perceive that there’s a accountability as a pacesetter of the group to the individuals of Boston, and I’m up for this problem.”

Chisholm continued, “My companions and I’ve immense respect for Wyc, all the Grousbeck household and their indelible contributions to the Celtics group over the past 23 years. We look ahead to studying from Wyc and partnering with Brad Stevens, Joe Mazzulla and the gifted group and employees to construct upon their success as we work to deliver extra championships dwelling to Boston.”

When preliminary stories of the group being listed on the market surfaced in June, many followers fearful that it might be tough for a brand new proprietor to fill the sneakers of Wyc Grousbeck, who’s dedicated to successful and undoubtedly bleeds inexperienced.

Solely time will inform, however Chisholm’s Massachusetts background is an early encouraging signal.

Adam Himmelsbach adopted up with extra info in a put up to X shortly after the information broke, saying that Chisholm sounds as dedicated to basketball in Boston as any billionaire on the market.

The Celtics’ sale comes forward of what could possibly be the costliest season in franchise historical past, because the group faces as much as a $500 million dedication in wage/luxurious tax within the 2025-26 season.

That kind of determine opens the door for a busy summer season if paying all of that dough isn’t within the new possession’s finest curiosity.

As well as, Grousbeck is predicted to stay the group’s governor by way of the 2027-28 season. So, it’s powerful to know precisely how quickly any penny (thousands and thousands and thousands and thousands of {dollars}) pinching will start.

The $6.1 billion determine marks the biggest for a sale in American sports activities historical past, surpassing the 2023 sale of the Washington Commanders.