The 18-time NBA champion team will be acquired by an investment group led by Bill Chisholm
The National Basketball Association’s board of governors have approved the $6.1 billion sale of the Boston Celtics to an investor group led by Bill Chisholm. The league said the deal is expected to close “shortly.”
The investor group, which was first revealed in March, includes current Celtics governor and CEO Wyc Grousbeck, current Celtics owner Rob Hale, Related Companies president Bruce A. Beal, Jr. and the investment firm Sixth Street.
Boston Basketball Partners LLC first announced plans to sell the team in July, noting that the Grousbeck family was doing so due to “estate and family planning considerations.”At the time, it said that the sale would happen in two phases, with the majority interest sold in 2024 or early 2025 and the balance closing in 2028.
