Boston Basketball Partners LLC announced an agreement on March 20 to sell the Boston Celtics for a record $6.1 billion to a group led by Bill Chisholm, managing director of Symphony Technology Group,
If approved by the NBA Board of Governors, the new ownership group would obtain a majority of the franchise this summer.
Chisholm is a co-founder, managing partner, and Chief Investment Officer of Symphony Technology Group, a Silicon Valley private equity firm.
The company reportedly has $10 billion in assets under management and has a portfolio that generates $3 billion annually.
“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,” Chisholm said….