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The Boston Celtics have been sold to a Massachusetts native and New England graduate, according to a report by the Boston Globe.
The Celtics ownership group has agreed, according to a report by the Boston Globe.
William Chisholm, co-founder of the Symphony Technology Group, has agreed to purchase a majority share of the team from the Grousbeck family, sources told Boston 25 News.
Chisholm grew up in Georgetown, Massachusetts and graduated from Dartmouth College.
According to the NBA insider Shams Charania, the deal is for a valuation of $6.1 billion, the largest sale of a franchise in the big four North American sports.
Last year, the majority ownership group of the Celtics, led by Wyc Grousbeck, announced plans to sell the team, just days after Boston held a rolling rally in celebration of the franchise’s long-awaited Banner 18.
He led the group that bought the Celtics for $360 million in 2002. The team is now worth $4.7 billion, according to Forbes.
Celtics co-owner Wyc Grousbeck has said he expects to remain governor through the ownership transition.
When the Celtics sale was announced last July, the Grousbeck family said it intended to sell 51 percent of the team in late 2024 or early 2025.
This is a developing story. Check back for updates as more information becomes available.
Download the FREE Boston 25 News app for breaking news alerts.
Follow Boston 25 News on Facebook and Twitter. | Watch Boston 25 News NOW
Continue reading...
The Celtics ownership group has agreed, according to a report by the Boston Globe.
William Chisholm, co-founder of the Symphony Technology Group, has agreed to purchase a majority share of the team from the Grousbeck family, sources told Boston 25 News.
Chisholm grew up in Georgetown, Massachusetts and graduated from Dartmouth College.
According to the NBA insider Shams Charania, the deal is for a valuation of $6.1 billion, the largest sale of a franchise in the big four North American sports.
Last year, the majority ownership group of the Celtics, led by Wyc Grousbeck, announced plans to sell the team, just days after Boston held a rolling rally in celebration of the franchise’s long-awaited Banner 18.
He led the group that bought the Celtics for $360 million in 2002. The team is now worth $4.7 billion, according to Forbes.
Celtics co-owner Wyc Grousbeck has said he expects to remain governor through the ownership transition.
When the Celtics sale was announced last July, the Grousbeck family said it intended to sell 51 percent of the team in late 2024 or early 2025.
This is a developing story. Check back for updates as more information becomes available.
Download the FREE Boston 25 News app for breaking news alerts.
Follow Boston 25 News on Facebook and Twitter. | Watch Boston 25 News NOW
Continue reading...
