Bill Chisholm has finalized his ownership group and has obtained full financing to move forward with his purchase of the Boston Celtics at a $6.1 billion valuation. When the deal was announced in March, Chisholm’s offer had not yet been fully financed.
The sale will not become official until it is approved by the NBA’s Board of Governors in either June or July. Chisholm’s group will purchase 51 percent of the franchise this summer with the second trance coming in 2028. In 2028, the remaining shares will be sold at a valuation close to $7.3 billion.
Wyc Grousbeck it expected to remain as governor until the end of the 27-28 season. Grousbeck and Chisholm sat next to each other courtside for Boston’s Game 5 win on Wednesday against the New York Knicks.
Chisholm’s exact ownership stake is not yet known, but he is required to own at least 15 percent to hold the controlling stake. Private equity firm Sixth Street will also own a significant stake in the Celtics as they also do in the San Antonio Spurs.