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NBA signs off on record-setting sale of Celtics

created: Aug. 14, 2025, noon | updated: Aug. 14, 2025, 4:23 p.m.

Open Extended ReactionsThe NBA board of governors on Wednesday unanimously approved the sale of the Boston Celtics to a group led by private equity mogul Bill Chisholm, a deal that values the franchise at $6.1 billion. The record price for an NBA team was the $4 billion Mat Ishbia, a mortgage firm owner, paid for the Phoenix Suns in 2023. A Massachusetts native and graduate of Dartmouth College and Penn's Wharton School of business, Chisholm is the managing partner of California-based Symphony Technology Group. The new ownership group also includes Boston businessmen Rob Hale, who is a current Celtics shareholder, and Bruce Beal Jr.Wyc Grousbeck led the ownership group that bought the team in 2002 for $360 million and presided over NBA championships in 2008 and 2024. Chisholm outbid at least two other groups, one led by previous Celtics minority partner Steve Pagliuca.

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