By Ayomide Otitoju
The National Basketball Association (NBA) has approved the sale of the Boston Celtics to an investment group led by Bill Chisholm, five months after the deal — valued at $6.1 billion — was agreed.
In a statement on Wednesday, the league said its Board of Governors had unanimously endorsed the transfer of controlling interests to Chisholm’s group, with the transaction expected to close shortly.
Chisholm, managing director and co-founder of Symphony Technology Group, initially set a record for the highest valuation of a North American sports team with the Celtics purchase, a mark later surpassed by the $10 billion sale of the Los Angeles Lakers in June.
Although Wyc Grousbeck was initially expected to continue as chief executive officer and governor through the 2027–28 season, US media reports suggest Chisholm will now assume the governor’s role due to Grousbeck’s reduced ownership stake. However, both men reportedly plan to manage the team jointly.
The Celtics, one of the NBA’s most storied franchises, hold a record 18 championships, most recently securing the title in 2024.
