The Grousbeck family has announced their intention to sell a majority interest in the Celtics, marking a historic moment in North American sports history. The sale, expected to take place in 2024 or 2025, will see Bill Chisholm, managing partner at Symphony Technology Group, acquiring the iconic franchise. Valued at $6.1 billion, this transaction will surpass the previous record set by the Washington Commanders' 2023 sale for $6.05 billion.
Having owned the Celtics since 2002, the Grousbeck family plans to complete the full transfer of ownership by 2028. Retaining a minority interest until then, they aim to close the balance of the sale in that year. Wyc Grousbeck is expected to continue as the Governor of the Celtics during this transitional period.
"to remain as the Governor of the team until the second closing in 2028" – Wyc Grousbeck
The Grousbeck family reiterated their plans to sell the franchise in November, emphasizing their commitment to maintaining continuity and leadership under Wyc Grousbeck's guidance for the next three years. The decision to sell represents a significant milestone, both for the family and for the broader sports landscape.
The Celtics, under the stewardship of the Grousbeck family for over two decades, have been a storied franchise within the NBA. This sale not only reflects the team's enduring legacy but also its substantial market value and appeal.
As new ownership takes the helm in 2024 or 2025, fans and stakeholders alike anticipate continued success and development for one of basketball's most beloved teams. The transition is expected to be seamless, ensuring that the Celtics' rich history and tradition are preserved.
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