Boston Basketball Partners Scores $6.1B Deal with Bill Chisholm's Investor Group
Deal News | Mar 20, 2025 | Wachtell, Lipton, Rosen & Katz
On March 20, 2025, Boston Basketball Partners LLC publicly announced the signing of a definitive agreement to sell the Boston Celtics to an investor consortium led by Bill Chisholm. The deal, valued at approximately $6.1 billion, marks a significant milestone in professional sports transactions. Prominent law firm Wachtell, Lipton, Rosen & Katz played a crucial advisory role in facilitating the agreement. As one of the most storied franchises in the National Basketball Association (NBA), the Boston Celtics have attracted significant investor interest, with this sale underscoring the robust valuations and market dynamics within professional sports management.
Sectors
- Sports and Entertainment
- Legal Advisory
Geography
- United States – The Boston Celtics are based in Boston, Massachusetts, and the transaction involves U.S.-based entities and investor groups.
Industry
- Sports and Entertainment – The transaction involves the sale of a professional basketball team, the Boston Celtics, which operates in the sports and entertainment sector.
- Legal Advisory – Wachtell, Lipton, Rosen & Katz, a prominent law firm, is involved in advising on the transaction.
Financials
- $6.1 billion – The purchase price agreed upon for the acquisition of the Boston Celtics.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Boston Basketball Partners LLC | Selling Company | Company | The current owner of the Boston Celtics, responsible for selling the team to the investor group. |
| Bill Chisholm | Buyer | Person | Leader of the investor group purchasing the Boston Celtics. |
| Wachtell, Lipton, Rosen & Katz | Legal Advisor | Company | Advised on the legal aspects of the $6.1 billion transaction. |