The NBA’s board of governors has given the green light to the sale of the Boston Celtics to a group led by Bill Chisholm, a renowned private equity magnate. The transaction, approved unanimously, values the franchise at the staggering figure of $6.1 billion.<\/p>\n
The agreement is expected to be finalized shortly. Once completed, Chisholm will assume ownership of at least 51% of the team, with full control planned for 2028, at a price that could raise the total value to $7.3 billion.<\/p>\n
This agreement marks the highest price ever paid for a professional sports team in the United States.<\/p>\n
The previous record was held by the purchase of the NFL’s Washington Commanders in 2023, for $6.05 billion. As for the NBA, the previous record was the acquisition of the Phoenix Suns by Mat Ishbia in 2023, for $4 billion.<\/p>\n
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, a current Celtics shareholder, and Bruce Beal Jr.<\/p>\n
Wyc Grousbeck, who led the group that acquired the team in 2002 for $360 million, witnessed the NBA championships in 2008 and 2024. The franchise holds the league record with 18 NBA titles.<\/p>\n
Chisholm outbid at least two other groups in the bidding, including one led by Steve Pagliuca, a former minority partner of the Celtics. Pagliuca has announced plans to buy the Connecticut Sun of the WNBA for $325 million and move the team to Boston, although the sale and possible relocation are subject to the approval of the WNBA’s board of governors.<\/p>\n","protected":false},"excerpt":{"rendered":"
Celtics sale approved for a record sum The NBA’s board of governors has given the green light to the sale of the Boston Celtics to a group led by Bill Chisholm, a renowned private equity magnate. The transaction, approved unanimously, values the franchise at the staggering figure of $6.1 billion. The agreement is expected to […]<\/p>\n","protected":false},"author":1,"featured_media":24781,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[7163,372,103,2064],"class_list":{"0":"post-24780","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-nba","8":"tag-bill-chisholm","9":"tag-boston-celtics","10":"tag-nba","11":"tag-sale"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/posts\/24780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/comments?post=24780"}],"version-history":[{"count":0,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/posts\/24780\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/media\/24781"}],"wp:attachment":[{"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/media?parent=24780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/categories?post=24780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/tags?post=24780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}