(Sports Correspondent: Imran Sohail)
The NBA has officially confirmed that its Board of Governors has unanimously approved the $6.1 billion purchase of the Boston Celtics by an investor group led by Massachusetts native William Chisholm. The transaction is expected to be finalized soon.
Chisholm, a lifelong Celtics fan, had initially reached a tentative deal in March to acquire the franchise — setting a then-record for the highest amount ever paid for a North American sports team. That milestone has since been surpassed by the $10 billion sale of the Los Angeles Lakers.
Under the terms of the agreement, Chisholm’s group will first acquire a 51% controlling stake from the Grousbeck family, with the remaining shares to be transferred in 2028. Once the sale is complete, Chisholm will serve as the team’s lead governor, while current governor Wyc Grousbeck will continue as alternate governor and CEO until the end of the 2027-28 NBA season.
The unanimous vote reflects the NBA’s full support for the deal, highlighting a new chapter for one of the league’s most storied franchises.
