BUSINESS - Boston Basketball Partners Announces Sale of Boston Celtics

NBA ALL-STAR Jayson Tatum = at # 3 overall = the right choice - (Erik Drost photo) CELTICS have the Right Stuff?

To Group Organized by William Chisholm for $6.1 Billion - Lifetime Fan and Boston-Area Native Set to Lead Iconic Franchise Alongside Wyc Grousbeck, Who Will Remain CEO and Governor

Saturday March 22, 2025

BOSTON, USA -- (BUSINESS WIRE)

Boston Basketball Partners LLC announced it has entered into a definitive agreement to sell the Boston Celtics to an investor group led by William Chisholm, a lifelong Celtics fan and Boston-area native, pending NBA Board of Governors approval. Wyc Grousbeck will continue in his roles of CEO and Governor, overseeing team operations, through the 2027-2028 NBA season.

If approved, the new ownership group will buy a majority of the team this summer at an initial valuation of $6.1 billion. In addition to Chisholm and Grousbeck, this group includes prominent Boston business executives and philanthropists Rob Hale (a current Celtics owner) and Bruce A. Beal, Jr., President of Related Companies, as well as Sixth Street, a global investment firm, among others.

"Bill is a terrific person and a true Celtics fan, born and raised here in the Boston area," Grousbeck said. "His love for the team and the city of Boston, along with his chemistry with the rest of the Celtics leadership, make him a natural choice to be the next Governor and controlling owner of the team. I know he appreciates the importance of the Celtics and burns with a passion to win on the court while being totally committed to the community. Quite simply, he wants to be a great owner. He has asked me to run the team as CEO and Governor for the first three years, and stay on as his partner, and I am glad to do so."

"Growing up on the North Shore and attending college in New England, I have been a die-hard Celtics fan my entire life," said Chisholm. "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."

Chisholm continued, "My partners and I have immense respect for Wyc, the entire Grousbeck family and their indelible contributions to the Celtics organization over the last 23 years. We look forward to learning from Wyc and partnering with Brad Stevens, Joe Mazzulla and the talented team and staff to build upon their success as we work to bring more championships home to Boston."

BDT & MSD Partners, J.P. Morgan and the Jordan Park Group are acting as financial advisors and Cooley LLP is serving as legal counsel to the Grousbeck family and the Boston Celtics. Goldman Sachs & Co. LLC is acting as exclusive financial advisor and Wachtell, Lipton, Rosen & Katz is serving as legal counsel to the investor group.

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