The NBA’s Board of Governors unanimously approved the sale of the Boston Celtics to Bill Chisholm in a $6.1 billion deal that is expected to close officially on Wednesday evening.Chisholm, managing director and co-founder of Symphony Technology Group, will now take ownership of the Celtics, along with an investor group led by Chisholm.Chisholm will also take over as the team’s governor, a role to be relinquished by Wyc Grousbeck, who will now continue solely in his role as CEO. Grousbeck was expected to retain both roles through the 2027-28 NBA season when the deal was announced in March.The CEO is more of a figurehead, while the governor generally has the final say on NBA team decisions.Chisholm grew up in Georgetown, Massachusetts, and is a Dartmouth College graduate.Symphony Technology Group is a California-based private equity firm. Chisholm previously co-founded The Valent Group and also worked at Bain & Company and PaineWebber.
BOSTON —
The NBA’s Board of Governors unanimously approved the sale of the Boston Celtics to Bill Chisholm in a $6.1 billion deal that is expected to close officially on Wednesday evening.
Chisholm, managing director and co-founder of Symphony Technology Group, will now take ownership of the Celtics, along with an investor group led by Chisholm.
Chisholm will also take over as the team’s governor, a role to be relinquished by Wyc Grousbeck, who will now continue solely in his role as CEO.
Grousbeck was expected to retain both roles through the 2027-28 NBA season when the deal was announced in March.
The CEO is more of a figurehead, while the governor generally has the final say on NBA team decisions.
Chisholm grew up in Georgetown, Massachusetts, and is a Dartmouth College graduate.
Symphony Technology Group is a California-based private equity firm. Chisholm previously co-founded The Valent Group and also worked at Bain & Company and PaineWebber.