The Boston Celtics are being sold for what would be a record-setting initial valuation of $6.1 billion to a group led by Symphony Technology Group managing partner William Chisholm.

Bay Area tech investor Bill Chisholm has agreed to purchase the Boston Celtics for a record $6.1 billion — the most ever paid for any North American sports franchise, just edging out the $6 billion paid for the NFL's Washington Commanders,

On Thursday morning, a group led by Wyc Grousbeck, the owner of the Boston Celtics, announced an agreement to sell the team to a group led by William Chisholm, the co-founder and managing partner of the California-based private-equity firm Symphony Technology Group.