Celtics Sale Raises Questions About Buyer’s Finances

BOSTON, Mass. — Wyc Grousbeck announced he is selling the Boston Celtics to Bill Chisholm for $6.1 billion, but questions have emerged about whether Chisholm has the funds required to complete the purchase.

Chisholm is a little-known private equity executive leading the buying group, which includes his firm, Symphony Technology Group. The deal has not yet met NBA regulations regarding private equity ownership, raising concerns among fans and analysts alike.

NBA rules dictate that a controlling owner must contribute at least 15% of the purchase price, and private equity firms can only own a limited stake. Reports indicate that another firm, Sixth Street, has already committed more funds to the purchase than Chisholm himself. A source stated that Chisholm is aware of the NBA rules and plans to become the largest owner of the team.

In the past week, sources told Front Office Sports that Chisholm has reached out to wealthy team owners, including an NFL owner, to gauge interest in joining the buying group, but his representatives declined to comment on his efforts.

Steve Pagliuca, a current minority owner who also bid for the team, expressed disappointment over losing to Chisholm, claiming that his own bid was fully financed and would not hinder the team’s competitive future. He indicated that if the current transaction does not finalize, his group would be ready to reenter talks.

In addition to the financial ambiguity surrounding ownership, the sale structure itself raises questions. Reports highlight that Grousbeck will remain involved in team operations until the 2027-2028 season, which is uncommon in such transactions. The sale is proposed to occur in two parts, with 51% of the team sold initially and minority owners maintaining their stakes until 2028.

This situation reflects a growing trend in the NBA, where ownership transitions have become increasingly complicated. Recent high-profile sales, such as the Timberwolves and Dallas Mavericks, illustrate ongoing challenges in franchise negotiations.

As the Celtics near the end of the current season, they are performing well, having achieved consecutive 60-win seasons. Yet, the looming uncertainty of the sale might overshadow their playoff run. The franchise’s future hinges on the finalization of the acquisition and adherence to league regulations.

Wyc Grousbeck’s decision to sell is also linked to personal and financial considerations, including potential estate tax implications. Experts suggest selling the team could provide a simpler financial strategy compared to passing ownership to heirs in the future.

With the NBA’s board of governors set to vote in June, the Celtics’ fate—and Chisholm’s financial readiness—remains uncertain.