Boston Celtics Sale Expected to Set Record at $6.1 Billion

The reigning NBA champion, Boston Celtics, is set to change ownership this summer for a record-breaking amount. An investment group led by U.S. businessman Bill Chisholm has agreed to purchase the basketball franchise from the current owners, the Grousbeck family, for an initial valuation of $6.1 billion, as reported by both the Associated Press and ESPN.

Approval Process Required

However, the sale is subject to a thorough review process and must be approved by the NBA’s Board of Governors. This process is expected to take at least until summer to complete.

Significant Profit for Current Owners

If the deal is finalized, it would mark the most expensive sale in U.S. professional sports history, surpassing the $6.05 billion paid by a group led by Josh Harris in 2023 for the Washington Commanders of the NFL.

The Grousbeck family purchased the Boston Celtics in 2002 for $360 million, meaning they will enjoy a substantial profit from this sale. Additionally, Wyc Grousbeck is set to remain as CEO for the next three years following the transaction.