NBA Private Equity Rules Under Scrutiny as Celtics Sale Raises Compliance Concerns
The Celtics sale is under scrutiny as Bill Chisholm’s lower investment compared to Sixth Street Partners may breach NBA private equity rules, prompting proposals to bring in more investors or secure a league waiver.
Published on April 2, 2025
The impending sale of the Boston Celtics has brought the league's private equity ownership rules into the spotlight. Prospective owner Bill Chisholm is set to lead a deal that features a two-part structure. Notably, Chisholm’s investment is significantly lower compared to that of Sixth Street Partners, potentially putting the deal at odds with NBA regulations. To resolve these compliance issues, officials are considering options like involving additional investors or pursuing a waiver from the league.
According to reports dated March 20 and March 26, 2025, the deal is part of a record-breaking transaction valued at approximately $6.1 billion. While the sale awaits final approval from the NBA Board of Governors, the ongoing debate over the league’s private equity rules underscores the complexities of modern sports team ownership and the evolving financial landscape of professional basketball.