Imagine being part of a multi-billion dollar deal that changes the face of the NBA. That’s what happened when William Chisholm, the leader of California-based Symphony Technology Group, bought the Boston Celtics. This sale, a whopping $6.1 billion, is a record-breaker in the US.
Let’s put this number into perspective: it’s more than what Josh Harris paid for the Washington Commanders, an NFL team, just last year. The previous owners, Wyc Grousbeck and Steve Pagliuca, had a good run. They bought the team in 2002 for around $330 million. That’s a 16-fold return on their investment.
What does this mean for the Celtics?
The Celtics have an impressive track record – 18 titles, to be exact. That’s more than any other team, including the Lakers. Under the previous ownership, they won two championships and made it to the finals twice. In 2024, Forbes ranked them the fourth most valuable team in the NBA, behind the Golden State Warriors, New York Knicks, and Los Angeles Lakers.
Key players and what’s next
Neemias Queta, a Portuguese player, is part of the Celtics roster. While the change in ownership might bring new expectations, the team’s performance on the court remains a priority. With a new owner at the helm, fans are eagerly waiting to see how this will impact the team’s strategy and future success.
The NBA is full of surprises, and this deal is just the beginning. As the Celtics look to the future, one thing is clear: they’ve got a lot of support behind them, and their fans are hoping for even more wins to come.