Bill Chisholm, cofounder of STG, purchased the Boston Celtics for a staggering $6.1 billion, the highest price paid for an NBA team or any North American sports team. A passionate Celtics fan from Massachusetts, his unexpected bid surprised many fans. Wyc Grousbeck, a governor of the current ownership, praised Chisholm's dedication to the Boston community. STG, which Chisholm helped establish, has significant assets under management, focusing on technology investments, showcasing his expertise in managing high-stakes businesses.
After Bill Chisholm agreed to pay $6.1 billion on Thursday for the Boston Celtics, the NBA's most storied franchise, Celtics fans - in nervous excitement - asked, 'Who?' Not only was it the highest price ever paid for an NBA team (the Phoenix Suns sold for $4 billion in 2022), it was the most paid for any North American sports franchise ever, and Chisholm's name had never come up in earlier reports about interested parties.
Wyc Grousbeck, a member of the current ownership, Boston Basketball Partners, and the team's governor, called Chisholm a 'true Celtics fan' who is 'totally committed' to the Boston community.
The company rebranded to STG in 2017 and has owned 50 companies since its founding. According to its website, it had $10 billion in assets under management as of March 2023.
Chisholm is now the chief investment officer and managing partner at the company, where he runs the day-to-day management of STG companies, according to the firm's website.
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