A person with knowledge of the negotiations told AP that a group led by William Chisholm, managing partner of Symphony Technology Group, agreed to buy the Boston Celtics for at least $6.1 billion, which would make the sale the largest in the history of major U.S. professional sports leagues.
The informant, who spoke to the agency on condition of anonymity, detailed that it is still unclear exactly when the deal will close or how it will be structured.
But it would set the record for the country’s major sports leagues, just surpassing the $6.05 billion that a group led by Josh Harris invested to buy the Washington Commanders in 2023.
AP recalls that last summer, Boston Basketball Partners LLC announced its intention to sell the majority of the Celtics shares by the end of last year or early this year, and then sell the rest in 2028
Wyc Grousbeck, whose family leads the ownership group, is expected to remain the Celtics’ governor until the sale is completed.
Who is Bill Chisholm, the new owner of the Celtics?
But who is Bill Chisholm, who will complete the record purchase of the Celtics? Here are some facts about him
Bill is co-founder of STG and serves as managing partner and chief investment officer of the firm. At STG, Bill leads the firm’s investment activities and takes a hands-on approach to the day-to-day management of STG’s companies, according to his biography.
The businessman graduated from Dartmouth College and earned his master’s degree from the Wharton School of the University of Pennsylvania.
Merca 2.0 magazine indicates that Chisholm has built his reputation in the financial world with investments in high-impact technology companies
He has previous experience at Bain & Company and PaineWebber, which allowed him to develop a deep understanding of the investment and acquisitions market.
His net worth is unknown, as it has not been publicly disclosed, but it is believed to be in the tens of millions of dollars
Read the full article here
