A group that includes STG Partners co-founder Bill Chisholm is among the bidders for the Boston Celtics according to a report from Bloomberg.
The first round of bids to purchase the Celtics were due back in January and the next round of bids is due Friday, per Sportico.
Chisholm is the Managing Partner and Chief Investment Officer at Symphony Technology Group, a private equity firm based in California, which he co-founded in 2002. He attended college in New England graduating from Dartmouth College with a Bachelor of Arts degree before earning an MBA from the Wharton School.
The Grousbeck family announced in July 2024 that they would be selling controlling interest of the Celtics. The sale is expected to be completed in two parts, with 51 percent to be completed during 2025. The remaining portion of the sale would be finalized in 2028.
Team governor Wyc Grousbeck said his intention would be to stay in his current role until 2028 when the full sale was completed.
Outside of current co-owner Stephen Pagliuca, there have not been many confirmed bidders for the franchise, which is expected to be sold for between $5-6 billion. Eagles owner Jeffrey Lurie was a rumored bidder but he downplayed that possibility at the Super Bowl. MassLive also reported that Fenway Sports Group is not among the bidders for the team last month.
Brad Stevens spoke about the impact of the ownership sale last month after the trade deadline.
“It’s not really in my mind,” the president of basketball operations said Thursday after the NBA trade deadline passed. “It’s certainly something that we know is coming down the pike and we’ll deal with that as it happens and look forward to working with whoever we’re working with. But right now we’re focused on the short and long term of the Boston Celtics.”
The Celtics are currently projected to pay upwards of $500 million next season for their payroll once luxury tax repeater penalties are factored in.
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