{"id":126544,"date":"2025-08-07T14:28:09","date_gmt":"2025-08-07T14:28:09","guid":{"rendered":"https:\/\/www.europesays.com\/us\/126544\/"},"modified":"2025-08-07T14:28:09","modified_gmt":"2025-08-07T14:28:09","slug":"boston-celtics-6-1b-sale-likely-to-close-within-next-two-weeks","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/126544\/","title":{"rendered":"Boston Celtics $6.1B Sale Likely to Close Within Next Two Weeks"},"content":{"rendered":"

\n\tThe sale of the Boston Celtics<\/a> to William Chisholm will likely close late next week or early the following week, according to three people familiar with the details who were not authorized to speak publicly.<\/p>\n

\n\tThe deal still needs approval from the league\u2019s board of governors, who comprise the 30 team owners. The vote can occur remotely and does not require a league meeting.<\/p>\n

\n\tIn March, Chisholm\u2019s group reached an agreement to buy the Celtics in two stages, which was the stated goal of ownership led by the Grousbeck family.\u00a0The deal\u00a0valued the team<\/a>\u00a0at $6.1 billion in the first payment, which at the time was the most expensive control sale in sports team history. (Josh Harris\u2019 2023 buy of the Washington Commanders was the previous record, while Mat Ishbia\u2019s $4 billion purchase of the Phoenix Suns in 2022 was tops in the NBA<\/a>.) In June, Mark Walter reached<\/a>\u00a0an agreement to purchase the Los Angeles Lakers\u00a0at a $10 billion valuation.<\/p>\n

\n\tBDT & MSD Partners and JPMorgan Chase, who co-led the Celtics sale process, as well as the NBA, declined to comment on the timing.<\/p>\n

\n\tThe Grousbecks led a group that bought the NBA team in 2002 for $360 million. They announced that the franchise was for sale\u00a0last July<\/a>, less than two weeks after winning an NBA-record 18th\u00a0championship. The group said estate planning<\/a>\u00a0in the Grousbeck family was the reason for the sale.<\/p>\n

\n\tChisholm, who is the co-founder and managing partner of private equity firm STG Partners, is the lead investor and will take over as NBA governor from Wyc Grousbeck<\/a> after the 2027-28 season.<\/p>\n

\n\tAditya Mittal will be the second-largest stakeholder in the Celtics and potentially the alternate governor in the future. Mittal is the son of Lakshmi Mittal, who serves as executive chairman of $62 billion-in-revenue ArcelorMittal, the world\u2019s second-largest steel and mining company after China\u2019s state-owned Baowu.<\/p>\n

\n\tPrivate equity giant Sixth Street will also have a major stake in the club. The firm already owns a stake in the San Antonio Spurs. The NBA\u2019s private equity rules cap the stake that a single firm can own at 20% of the team.<\/p>\n","protected":false},"excerpt":{"rendered":"The sale of the Boston Celtics to William Chisholm will likely close late next week or early the…\n","protected":false},"author":3,"featured_media":126545,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[3125,1260,62,67,132,68,77662],"class_list":{"0":"post-126544","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-nba","8":"tag-boston-celtics","9":"tag-nba","10":"tag-sports","11":"tag-united-states","12":"tag-unitedstates","13":"tag-us","14":"tag-wyc-grousbeck"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114987958517189609","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/126544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=126544"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/126544\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/126545"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=126544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=126544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=126544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}