Celtics sale approved for a record sum
The NBA’s board of governors has unanimously approved the sale of the Boston Celtics to a group led by Bill Chisholm, a private equity magnate. The deal values the franchise at a staggering $6.1 billion. The transaction is expected to be finalized shortly. Once completed, Chisholm will assume ownership of at least 51% of the team, with full control expected by 2028, at a price that could raise the total value to $7.3 billion. This sale sets a new record as the highest price ever paid for a professional American sports team.Bill Chisholm, a Massachusetts native and graduate of Dartmouth College and the Wharton School of Business at the University of Pennsylvania, is a managing partner at Symphony Technology Group, based in California. The new ownership group also includes Boston entrepreneurs Rob Hale, current Celtics shareholder, and Bruce Beal Jr. Wyc Grousbeck led the ownership group that acquired the team in 2002 for $360 million and presided over the NBA championships in 2008 and 2024. The franchise’s 18 NBA titles are a league record. Chisholm outbid at least two other groups, one led by former Celtics minority partner Steve Pagliuca.The highest price ever paid for a professional American sports team.
Alofoke Deportes
