NBA Governing Body Finalizes Purchase of Jayson Tatum's Boston Celtics Team for a staggering $6.1 billion (equivalent to INR 53,358 crores)
The Boston Celtics, one of the most storied franchises in American sports history, is set to undergo a significant change as Boston Basketball Partners LLC announces the sale of the team in two stages. The new majority owner of the team, effective from August 2025, is Bill Chisholm, who completed the purchase at a $6.1 billion valuation [1][2][3].
Bill Chisholm, a Massachusetts native, will take over as the team's governor immediately, as his ownership share will fall below the required 15% for governors under NBA ownership regulations [1]. Chisholm made the purchase in his personal capacity, not through Symphony Technology Group, his previous private equity affiliation [1].
The new ownership group includes several investors: Wyc Grousbeck, the former lead governor, remains involved as an alternate governor alongside Aditya Mittal, CEO of ArcelorMittal, who contributed $1 billion to the transaction [1][2][3]. Other investors include Andrew Bialecki, CEO of Klaviyo; Dom Ferrante, managing partner of The Ferrante Group (family office); Mario Ho, co-CEO of esports company NIP Group; and Ian Loring, senior managing director at Haveli Investments.
Under the ownership of Boston Basketball Partners LLC, the Boston Celtics won NBA championships in 2008 and 2024, bringing their total to an NBA-record 18 titles [1][2][3]. The sale of the team marks a significant increase in value from the original purchase price in 2002, when the team was bought for $360 million [1][2][3].
Sixth Street Partners, Bruce Beal Jr., president of Related Companies, and Rob Hale are also part of the investor group buying the Boston Celtics [1][2][3]. The sale is expected to make it one of the most costly transactions in American sports history, second only to the $10 billion valuation for the Los Angeles Lakers [1][2][3].
The sale has been unanimously approved by the NBA Board of Governors and is scheduled to occur over two stages, with Wyc Grousbeck remaining in charge until the 2027-2028 campaign [1][2][3]. ESPN reports that Chisholm and Wyc Grousbeck plan to co-manage the team as originally planned, despite the change in ownership [1][2][3]. The deal, first agreed upon in March, is anticipated to close shortly [1][2][3].
References:
[1] Celtics agree to record-breaking sale to Bill Chisholm-led group
[2] Boston Celtics sold for $6.1 billion to Bill Chisholm-led group
[3] Bill Chisholm completes purchase of Boston Celtics for $6.1 billion
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