At that moment, William Chisholm, co-founder and managing director of Symphony Technology Group based in California, could not have foreseen that he was on the brink of playing a crucial role in the future of this iconic franchise.
On Thursday, the Grousbeck family finalized the decision to sell the team to a consortium led by Chisholm, at a staggering valuation of $6.1 billion. This sets a new record for North American sports franchises, exceeding the $6.05 billion transaction for the NFL’s Washington Commanders.
In an interview with the Globe on Thursday, Chisholm expressed, “My focus is on winning championships and raising banners, both now and sustainably in the long term. [Lead governor Wyc Grousbeck] has excelled in balancing these goals, and I believe we’re on the right path moving forward.”
The sale is awaiting the approval of the NBA’s Board of Governors. Once approved, Chisholm will acquire 51% of the team, with the remaining shares set for transfer by 2028. Grousbeck is anticipated to continue overseeing team operations until the end of the 2027-28 season.
A league insider indicated that this timeline may elevate the total sale price closer to $6.7 billion, as shares sold in 2028 are expected to have increased value due to projected revenue growth in the NBA.
Grousbeck praised Chisholm, stating, “He is remarkable and meets all the criteria I consider essential. His passion for the team and determination to succeed make him a perfect fit as an owner.” There was some skepticism within the NBA about whether a new owner would maintain the current leadership structure while the team aims for championship contention.
Chisholm clarified his support for the succession plan on Thursday: “Given the team’s performance and Wyc’s leadership, it’s an obvious choice. As a fan who is committed to winning, I wouldn’t want to disrupt that stability.” Grousbeck, while retaining control for the next three seasons, committed to involving Chisholm in significant decision-making during this transition.
