The Celtics have a new owner in William Chisholm, the managing director and co-founder of Symphony Techonlogy Group.
The Boston Celtics have a new owner. ESPN’s Shams Charania reported shortly thereafter that Chisholm would be purchasing the controlling stake in the team for a valuation of $6.1 billion.
Per Himmelsbach, current managing governor Wyc Grousebeck is expected to remain in his role through the transition.
Chisholm inherits a very talented but expensive Celtics team. Boston won its first title in 16 years last June and is poised to pose a strong title defense this playoff season. But the roster is quite pricey; the Celtics were hit with just north of a $50 million tax bill this season that will skyrocket next season if no changes are made to the payroll.
Chisholm grew up in Georgetown, Mass. and attended Dartmouth.
Boston Celtics Sold to Private Equity Director William Chisholm for $6 Billion Valuation
Months after the current ownership group led by the Grousebeck family announced their intention to sell 51% of the franchise, Thursday brought the news from the Boston Globe’s Adam Himmelsbach that the team had been purchased by William Chisholm, a Massachusetts native who founded the California-based private equity firm Symphony Technology Group.
