18X NBA Champion Boston Celtics Sold For $6.1 Billion

A group led by private equity executive Bill Chisholm is buying the NBA’s reigning champion Boston Celtics at a valuation of $6.1 billion, the team’s ownership announced Thursday. Private equity firm Sixth Street is part of the new ownership group and will contribute more than $1 billion, one person familiar with the matter said. Other members of the ownership group are Boston-area businessman Rob Hale, a current team owner, and Bruce Beal Jr., president of real estate firm Related Companies. “Growing up on the North Shore and attending college in New England, I have been a die-hard Celtics fan my entire life,” Chisholm said in a Thursday news release. “I understand how important the Celtics are to the city of Boston – the role the team plays in the community is different than any other city in the country. I also understand that there is a responsibility as a leader of the organization to the people of Boston, and I am up for this challenge.” The Celtics’ current ownership group, Boston Basketball Partners, is led by the Grousbeck family. Wyc Grousbeck, the team’s CEO and governor, will remain in those roles through the 2027-2028 season. If approved, the sale will go through this summer. The Celtics have won 18 championships, the most in the history of the NBA. The team has the second-best record in the NBA’s Eastern Conference this season and is considered a strong contender to win its second consecutive title.

Source: CNBC