Report: Celtics' $6.1B sale expected to close within two weeks

Field Level Media
07 Aug 2025, 20:35 GMT+10

(Photo credit: Bob DeChiara-Imagn Images)

The $6.1 billion sale of the Boston Celtics to William Chisholm and partners is expected to close within the next two weeks, Sportico reported Thursday.

The deal is still pending the approval from the NBA's board of governors, made up of the 30 team owners. Their vote can be conducted remotely.

A group led by Chisholm announced plans to purchase the Celtics from the Grousbeck family in March. At the time, the $6.1 billion price tag was the highest ever paid for a North American sports franchise.

In June, Mark Walter reached an agreement to purchase the Los Angeles Lakers at a $10 billion valuation.

Chisholm, the co-founder and managing partner of the California-based private equity firm STG Partners, is a Massachusetts native and longtime Celtics fan. He is expected to take over as the team's governor from Wyc Grousbeck after the 2027-28 season.

Grousbeck and the ownership group Boston Basketball Partners LLC purchased the Celtics for $360 million in 2002.

BDT & MSD Partners and JPMorgan Chase, who are coordinating the Celtics' sale process, and the NBA declined to comment to Sportico about the timing of the closing.

--Field Level Media

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Calgary Monitor.

More Information

null in null

North America

Section

Report: Celtics' $6.1B sale expected to close within two weeks

(Photo credit: Bob DeChiara-Imagn Images) The $6.1 billion sale of the Boston Celtics to William Chisholm and partners is expected...

Charge extend playoff star Emily Clark through 2027-28

(Photo credit: Daniel DeLoach/Utica Observer-Dispatch / USA TODAY NETWORK) The Ottawa Charge extended forward Emily Clark's contract...

Indian markets end flat amid choppy trade winds, global worries offset domestic strength

Mumbai (Maharashtra) [India] August 7 (ANI): Indian equity indices ended marginally higher after a choppy trading session, as investors...

Putin-Trump summit may happen next week, says Kremlin envoy

Moscow [Russia], August 7 (ANI): Kirill A Dmitriev, Russian President's envoy for investment and economic cooperation, on Thursday...

Senior Akali leader Naresh Gujral backs PM Modi's firm stand on protecting interests of India's farmers

New Delhi [India], August 7 (ANI): As Prime Minister Narendra Modi assured that no compromise will be made with the interest of the...

No more crutches: Russias neighbors must now stand on their own

No empire, no charity: Moscow redefines its role in Eurasia As global instability deepens, Russia's role in Eurasia - and the nature...

Canada

Section