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The Boston Celtics had been in talks on getting new ownership, and that's the news that came out with a lifelong fan being able to purchase the team, according to ESPN's Shams Charania.
“BREAKING: Bill Chisholm, managing partner at Symphony Technology Group, has agreed to purchase the Boston Celtics from the Grousbeck family for a valuation for $6.1 billion, sources tell ESPN. This now is the largest sale for a sports franchise in North America,” Charania wrote on X, formerly Twitter.
The Grousbeck family were the recent owners of the franchise, and there had been rumors on why they wanted to put the team on sale. In 2002, the family purchased the team for $360 million, and now they're selling it for $6.1 billion. Nonetheless, it looks like the Celtics are now under new ownership, and the new buyer is happy.
The Grousbecks released a statement following the sale, according to Sportico.
“This was an extremely thorough, rigorous sale process,” the Grousbecks said. “We had tremendous interest from potential control owners and we’re grateful for the considerable time and effort bidders put in over the past few months, especially. In the end, Bill and the group he put together came in with a superior final bid.”
With the sale, it surpasses the Washington Commanders for the highest sum ever for a North American sports team, according to Charania.
The Celtics found out weeks after they won the championship last year that the team would be on sale. With the team having hopes that they can get back to the NBA Finals again this season, speculation of any sort of the team being on sale should be out the window, and they can focus on the task at hand.
They have a good chance of returning back to the finals, but it may be a tougher road with the Cleveland Cavaliers playing some of their best basketball.
