The Boston Celtics grasp the 2024 NBA championship banner at TD Backyard.
Danielle Parhizkaran | Boston Globe | Getty Photographs
A bunch led by personal fairness government Invoice Chisholm is shopping for the NBA’s Boston Celtics at a valuation of $6.1 billion, the group’s possession introduced Thursday.
Personal fairness agency Sixth Road is a part of the brand new possession group and can contribute greater than $1 billion, one particular person accustomed to the matter stated. Different members of the possession group are Boston-area businessman Rob Hale and Bruce Beal Jr., president of actual property agency Associated Firms.
“Rising up on the North Shore and attending school in New England, I’ve been a die-hard Celtics fan my whole life,” Chisholm stated in a Thursday information launch. “I perceive how vital the Celtics are to town of Boston – the position the group performs locally is completely different than some other metropolis within the nation. I additionally perceive that there’s a accountability as a frontrunner of the group to the folks of Boston, and I’m up for this problem.”
The Celtics’ present possession group, Boston Basketball Companions, is led by the Grousbeck household. Wyc Grousbeck, the group’s CEO and governor, will stay in these roles by means of the 2027-2028 season.
“Invoice is a terrific particular person and a real Celtics fan, born and raised right here within the Boston space,” Grousbeck stated in an announcement. “His love for the group and town of Boston, alongside together with his chemistry with the remainder of the Celtics management, make him a pure option to be the following Governor and controlling proprietor of the group.”
The NBA declined to remark.
CNBC Sport’s Official NBA Workforce Valuations checklist launched in February had estimated the Celtics franchise to be value $5.5 billion. The highest-valued group was the Golden State Warriors at $9.4 billion.
— CNBC’s Jessica Golden and Leslie Picker contributed to this story.
