(Bloomberg) -- A consortium that includes STG Partners co-founder Bill Chisholm has emerged as a bidder for the NBA’s Boston Celtics, according to people with knowledge of the matter.
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His consortium is working with Goldman Sachs Group Inc., said one of the people, all of whom requested anonymity to discuss confidential information.
Chisholm is managing partner and chief investment officer of STG, a private equity firm that makes bets on software and other tech businesses. In 2023, the firm closed on its seventh and largest fund, raising $4.2 billion.
Chisholm, representatives for STG, and spokespeople for the Celtics didn’t immediately reply to messages seeking comment. A Goldman Sachs spokesperson declined to comment. Other members of the consortium couldn’t immediately be learned.
The Celtics ownership group, Boston Basketball Partners, decided last year to sell the storied franchise and is fielding offers for a majority stake. Sportico has valued the Celtics, the reigning National Basketball Association champions, at more than $5 billion. The current ownership group, led by Wyc Grousbeck and including Stephen Pagliuca, purchased the team for $360 million in 2002 and have benefited from soaring valuations for US sports teams in the past few years.
First round bids have already been made, and the next round is due Friday, Sportico reported earlier.
Pagliuca said in a July statement on X that he’d be a “proud participant” in the bidding process.
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(Updates with Celtics recent championship in fifth paragraph.)
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