NBA champion Boston Celtics to be sold for a record $6.1B US: reports

Tim Reynolds · The Associated Press

· Posted: Mar 20, 2025 10:57 AM EDT | Last Updated: 1 infinitesimal ago

A radical led by Symphony Technology Group managing spouse William Chisholm has agreed to acquisition the Boston Celtics for astatine slightest $6.1 cardinal US, which would marque the merchantability the richest successful U.S. large pro sports history, a idiosyncratic with cognition of the negotiations said Thursday.

It remains unclear erstwhile precisely the woody volition beryllium closed and however the woody volition beryllium structured, said the person, who spoke to The Associated Press connected information of anonymity due to the fact that neither broadside had made immoderate nationalist announcement of the agreement.

But the $6.1 cardinal valuation would acceptable the U.S. large sports league record, coming successful conscionable up of the $6.05 cardinal that a radical led by Josh Harris spent to bargain the Washington Commanders successful 2023.

Sportico and ESPN were among those archetypal reporting the statement for the merchantability of the reigning NBA champions.

Boston Basketball Partners LLC announced past summertime that it intended to merchantability the bulk of the Celtics either precocious past twelvemonth oregon aboriginal this year, past would merchantability the equilibrium of its shares successful 2028. Wyc Grousbeck, whose household leads the ownership group, is expected to stay the Celtics' politician until the merchantability is complete.

Grousbeck's radical bought the Celtics for $360 cardinal successful 2002.

The $6.1 cardinal fig would besides apical — by a large borderline — caller NBA franchise sales. In 2023, the Phoenix Suns were purchased by owe steadfast proprietor Mat Ishbia for $4 billion, the Milwaukee Bucks were sold to Cleveland Browns owners Jimmy and Dee Haslam for $3.5 billion, and Mark Cuban agreed to the merchantability of the bulk of his Dallas Mavericks' ownership shares to Miriam Adelson and son-in-law Patrick Dumont, who operates the Las Vegas Sands casino company, for $3.5 billion.