NEW YORK (AP) — An investor group lead by low-profile private equity honcho William Chisholm made headlines Thursday by agreeing to buy the Boston Celtics in a deal worth an estimated whopping $6.1 billion.
It will be the highest price ever for an American professional sports team if the deal is approved by the NBA’s board of governors this summer. So who is leading the charge? Here's what we know about Chisholm, 56.
In a statement released when the deal was announced, Chisholm said he grew up in the North Shore region of Massachusetts and is a lifelong, “die-hard” Celtics fan.
“I understand how important the Celtics are to the city of Boston — the role the team plays in the community is different than any other city in the country," he said.
He went to school in the Northeast, too. He received a B.A. from Dartmouth College in Hanover, New Hampshire. He received his MBA in strategic management from The Wharton School in Philadelphia in 1996.
In 2002, Chisholm co-founded Symphony Technology Group, based in Menlo Park, California, which specializes in tech investing — in particular data, software, and analytics companies. During his tenure STG, where he serves as managing partner and chief investment officer, bought and combined tech companies McAfee Enterprise and FireEye to create the cybersecurity company Trellix in 2022. STG also acquired Survey Monkey-parent Momentive.
As of 2023, the company has raised nearly $10 billion across its private equity investment funds and has completed more than 100 investments. In 2023, STG closed on its seventh and largest fund, raising $4.2 billion.
Before STG, he had stints at consulting firm Bain & Co. and investment bank PaineWebber, and he co-founded risk consultant The Valent Group.
He and his wife Kimberly have three children. While STG is based in the Bay Area, he reportedly has a house in Nantucket and plans to buy a house in Boston as well.
FILE - Boston Celtics' NBA championship banners hang from the rafters at TD Garden, Wednesday, March. 27, 2024, in Boston. (AP Photo/Michael Dwyer, File)
SHANGHAI (AP) — McLaren’s Oscar Piastri scored his maiden pole position in Formula 1 ahead of Sunday’s Chinese Grand Prix by delivering two sizzling laps that were quick enough for the top spot ahead of Mercedes’ George Russell.
The 23-year-old Australian, who is maximizing his weekend with second in Saturday morning’s Sprint race, said he’s “pretty pumped” to go one better Sunday, with the major challenge being tire wear.
Piastri, who will start the 56-lap race two places ahead of McLaren teammate Lando Norris, set it up by putting it all on the line on his final Q3 lap.
“My first lap was honestly better than my second lap, but just at the end of the (back) straight I lost a bit of time and didn’t do the best hairpin," Piastri said.
“On the second lap,” he continued, "I was about two-tenths down on myself. So, I kind of just went ‘why not send it into the hairpin’ and I gained those back, and found a little bit more in the last corner. I was tempted to box before that, so I’m pretty happy now that I didn’t.”
Norris, who won the season opening Australian Grand Prix, will start ahead of his expected title rival, Red Bull’s Max Verstappen, who was fourth.
Sprint winner Lewis Hamilton starts fifth for Ferrari ahead of teammate Charles Leclerc.
Russell will be on the front row for the 15th time and first since Qatar last year. The British driver was thrilled to split the McLarens given the pace deficit he previously highlighted.
“To be on the front row is a really great place to start,” Russell said.
Russell had also managed to pull out a searing final lap, describing the qualifying session as one of the hardest of his career, given the difficulty in managing the tires.
“The first lap in Q3, I was full-gas. And it seemed OK, I was thinking I was in P5 ... and then found four-tenths on my last lap,” he said.
Norris led the first segments of qualifying (Q1 and Q3) but said he’d done a “terrible job” in the session, having pitted on his final lap following a couple of mistakes.
"Oscar’s shown great pace. I definitely haven’t,” Norris said.
“Whenever we struggle with front (tire) graining, it’s something I just struggle with a lot," he added. "It’s difficult for me, it’s been a therefore difficult weekend, just trying to deal with those things. It’s not something I’m strong enough in.
The 25-year-old Norris said he has “a long night ahead of me” to analyze data “and see where I can improve for tomorrow.”
Racing Bulls, Red Bull’s second team, have again featured in the top 10, with F1 rookie Isack Hadjar — who crashed out of his opening race in Australia on the formation lap — set to start seventh, two places ahead of his experienced teammate Yuki Tsunoda.
Another rookie, Andrea Kimi Antonelli, is eighth for Mercedes.
Williams’ Alex Albon completed the top 10 and teammate Carlos Sainz Jr. will start from 15th.
Piastri’s first pole is also the first for an Australian since countryman Daniel Ricciardo for Red Bull at the 2018 Mexican Grand Prix
“It’s nice to do for myself, but it is also nice to do it for Australia as well," he said.
Sunday’s race starts at 3 p.m. local time (0700 GMT).
AP Formula 1: https://apnews.com/hub/formula-one
Red Bull driver Max Verstappen of the Netherlands steers his car during qualifying session for the Chinese Formula One Grand Prix at the Shanghai International Circuit, Shanghai, Saturday, March 22, 2025. (AP Photo)
Ferrari driver Lewis Hamilton of Britain steers his car during qualifying session for the Chinese Formula One Grand Prix at the Shanghai International Circuit, Shanghai, Saturday, March 22, 2025. (AP Photo)
McLaren driver Oscar Piastri of Australia is flanked with Mercedes driver George Russell of Britain, left, and McLaren driver Lando Norris of Britain, right, after qualifying session for the Chinese Formula One Grand Prix at the Shanghai International Circuit, Shanghai, Saturday, March 22, 2025. (AP Photo/Andy Wong)
McLaren driver Oscar Piastri of Australia celebrates his pole position after qualifying session for the Chinese Formula One Grand Prix at the Shanghai International Circuit, Shanghai, Saturday, March 22, 2025. (AP Photo/Andy Wong)
Ferrari driver Lewis Hamilton of Britain waves to his supporters after qualifying session for the Chinese Formula One Grand Prix at the Shanghai International Circuit, Shanghai, Saturday, March 22, 2025. (AP Photo/Andy Wong)
Mercedes driver George Russell of Britain poses after qualifying session for the Chinese Formula One Grand Prix at the Shanghai International Circuit, Shanghai, Saturday, March 22, 2025. (AP Photo/Andy Wong)
McLaren driver Oscar Piastri of Australia steers his car during qualifying session for the Chinese Formula One Grand Prix at the Shanghai International Circuit, Shanghai, Saturday, March 22, 2025. (AP Photo/Andy Wong)
McLaren driver Oscar Piastri of Australia celebrates his pole position after qualifying session for the Chinese Formula One Grand Prix at the Shanghai International Circuit, Shanghai, Saturday, March 22, 2025. (AP Photo/Andy Wong)
McLaren driver Lando Norris of Britain steers his car during qualifying session for the Chinese Formula One Grand Prix at the Shanghai International Circuit, Shanghai, Saturday, March 22, 2025. (AP Photo/Andy Wong)
Ferrari driver Lewis Hamilton of Britain gets pushed back into his garage during qualifying session for the Chinese Formula One Grand Prix at the Shanghai International Circuit, Shanghai, Saturday, March 22, 2025. (Wo Hao/Pool Photo via AP)
Ferrari driver Lewis Hamilton of Britain steers his car during qualifying session for the Chinese Formula One Grand Prix at the Shanghai International Circuit, Shanghai, Saturday, March 22, 2025. (Wo Hao/Pool Photo via AP)
Red Bull driver Max Verstappen of the Netherlands steers his car during qualifying session for the Chinese Formula One Grand Prix at the Shanghai International Circuit, Shanghai, Saturday, March 22, 2025. (AP Photo/Andy Wong)
Mercedes driver George Russell of Britain steers his car during qualifying session for the Chinese Formula One Grand Prix at the Shanghai International Circuit, Shanghai, Saturday, March 22, 2025. (AP Photo)
McLaren driver Oscar Piastri of Australia steers his car during qualifying session for the Chinese Formula One Grand Prix at the Shanghai International Circuit, Shanghai, Saturday, March 22, 2025. (AP Photo/Andy Wong)
Ferrari driver Lewis Hamilton of Britain celebrates after winning the sprint race ahead of the Chinese Formula One Grand Prix at the Shanghai International Circuit, Shanghai, Saturday, March 22, 2025. (AP Photo)
Ferrari driver Lewis Hamilton of Britain is flanked on the podium with McLaren driver Oscar Piastri of Australia, left, and Red Bull driver Max Verstappen of the Netherlands after the sprint race ahead of the Chinese Formula One Grand Prix at the Shanghai International Circuit, Shanghai, Saturday, March 22, 2025. (AP Photo)
Red Bull driver Max Verstappen of the Netherlands steers his car behind Ferrari driver Lewis Hamilton of Britain during the sprint race ahead of the Chinese Formula One Grand Prix at the Shanghai International Circuit, Shanghai, Saturday, March 22, 2025. (AP Photo)
Ferrari driver Lewis Hamilton of Britain steers his car during the sprint race ahead of the Chinese Formula One Grand Prix at the Shanghai International Circuit, Shanghai, Saturday, March 22, 2025. (AP Photo)
Ferrari driver Lewis Hamilton of Britain celebrates after winning the sprint race ahead of the Chinese Formula One Grand Prix at the Shanghai International Circuit, Shanghai, Saturday, March 22, 2025. (AP Photo)
Red Bull driver Max Verstappen of the Netherlands steers his car during the sprint qualifying at the Shanghai International Circuit in Shanghai, China, Friday, March 21, 2025, ahead of the Chinese Formula One Grand Prix (Sunday). (AP Photo/Andy Wong)
Supporters cheer during the sprint race ahead of the Chinese Formula One Grand Prix at the Shanghai International Circuit, Shanghai, Saturday, March 22, 2025. (Wu Hao/Pool Photo via AP)
Ferrari driver Lewis Hamilton of Britain steers his car during the sprint qualifying at the Shanghai International Circuit in Shanghai, China, Friday, March 21, 2025, ahead of the Chinese Formula One Grand Prix (Sunday). (AP Photo/Andy Wong)
