Shocking Move: Boston Celtics Sold Amidst Sky-High Salaries and Tax Bills

In a landmark move that has sent ripples through the sports world, the Boston Celtics have been sold to a group led by Bill Chisholm, co-founder of Symphony Technology Group, for a record $6.1 billion. This transaction not only sets a new benchmark for sports franchise sales in the United States but also ushers in a new era for the storied NBA team.​

Breaking the Bank: Celtics’ Sale Shatters Records

The $6.1 billion sale price surpasses the previous record of $6.05 billion set by the Washington Commanders in 2023, highlighting the soaring valuations of major sports franchises. ​

Local Roots, Global Ambitions

Bill Chisholm’s connection to Boston runs deep. A native of Georgetown, Massachusetts, and a graduate of Dartmouth College, Chisholm has always been a die-hard Celtics fan. He expressed his commitment to the team and the city, stating, “I understand how important the Celtics are to the city of Boston—the role the team plays in the community is different than any other city in the country.” ​

Continuity at the Helm

Current team CEO and governor, Wyc Grousbeck, will remain in his role through the 2027-2028 NBA season. Grousbeck praised Chisholm’s dedication, saying, “His love for the team and the city of Boston, along with his chemistry with the rest of the Celtics leadership, make him a natural choice to be the next Governor and controlling owner of the team.”

Financial Muscle and Future Challenges

The Celtics’ roster, featuring star players like Jayson Tatum and Jaylen Brown, has led to a projected payroll of $233 million for the 2025-2026 season. This substantial investment results in a tax bill of $280 million, bringing the combined salary and tax penalties to a staggering $513 million. This financial landscape presents both challenges and opportunities for Chisholm’s group as they navigate the complexities of team ownership. ​

A Glimpse into the Future

Chisholm’s vision for the Celtics includes maintaining the team’s competitive edge while honoring its rich legacy. He emphasized the responsibility of leadership to the people of Boston and expressed his readiness to meet this challenge head-on.