It Boston Celtics owned group has reached terms to sell the team to a group led by William ChisholmA confirmed league source in Masslive. Chisholm, co -founder and CEO of Symphony Technology Group Group Purchasing the team for a price of $ 6.1 billion according to a Shams Charamia report from Espn.com. Adam Himmelsbach of Boston Globe was first to report the sale.
Chisholm was one of the four final bidders of the franchise With the final offers sent for the team last week.
Who will become the new owner of one of the most stored franchises in the NBA? Here is what we know about the new buyer.
Chisholm is the managing partner and investment director of Symphony Technology Group, a private capital company in California, which co -founded in 2002. He grew up in Massachusetts (Georgetown), attended the University of New England, which was qualified from Dartmouth with a baccalaureate title before winning a MBA MBA at the arts. Wharton.
Before founding the Private Capital Firm StG, Chisholm also co -founded the brave group. A Celtics fan grew and, according to reports, has a “encyclopedic” knowledge of the team according to Bloomberg.
It The Grousbeck family announced in July 2024 they would sell control of the Celtics interest. The sale is expected to end in two parts, with 51 percent ending during 2025. The remaining part of the sale would be completed by 2028.
The team governor, Wyc Grousbeck, said that his intention would be to keep in his current role until 2028 when the full sale was completed.
There will be great decisions for Chisholm and the rest of Celtics owned this season drops after the first part of the sale. It is currently expected that Celtics will pay more than $ 500 million next season for their payroll once the penalties of the luxury tax repeater will be made, which would set a NBA record.
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