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 Greek Herald.

More Information

null in null

International Business

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...

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...

Rural consumers economic situation improved in last 2 months, optimistic for year ahead: RBI Survey

New Delhi [India], August 7 (ANI): The economic condition of rural consumers in India has shown signs of improvement over the past...

Indian households see easing price pressures: RBI Survey

New Delhi [India], August 7 (ANI): Indian households have perceived and expected a decline in inflation levels, according to the Reserve...

BharathCloud Joins Forces with DE-CIX India - Becomes the First Indian Cloud Provider to Onboard at DE-CIX's Cloud Exchange

SMPL Mumbai (Maharashtra) [India], August 7: DE-CIX India, the world's leading interconnection platform, has onboarded BharathCloud--one...

Roundup: AI, zero-trust architecture take center stage at Black Hat USA 2025

As daily life grows more digital, a central question pops up: How safe are the systems people rely on? LAS VEGAS, the United States,...

Mediterranean

Section