The NBA’s board of governors unanimously approved the sale of the Boston Celtics to a group led by private equity magnate Bill Chisholm. The deal values the franchise at a staggering $6.1 billion.<\/p>\n
The transaction is expected to close shortly. Once completed, Chisholm will take possession of at least 51% of the team, with full control by 2028 at a price that could raise the total value to $7.3 billion.<\/p>\n
This figure represents the highest price ever paid for a professional American sports team.<\/p>\n
The previous record for an American sports franchise was $6.05 billion, paid for the Washington Commanders in 2023. The record price for an NBA team was $4 billion, paid by Mat Ishbia for the Phoenix Suns in 2023.<\/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 led the ownership group that purchased 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.<\/p>\n
Chisholm outbid at least two other groups, one led by former Celtics minority partner Steve Pagliuca.<\/p>\n","protected":false},"excerpt":{"rendered":"
Celtics sale approved for a record sum The NBA’s board of governors unanimously approved the sale of the Boston Celtics to a group led by private equity magnate Bill Chisholm. The deal values the franchise at a staggering $6.1 billion. The transaction is expected to close shortly. Once completed, Chisholm will take possession of at […]<\/p>\n","protected":false},"author":1,"featured_media":25111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[7163,372,103,2064],"class_list":{"0":"post-25110","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\/25110","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=25110"}],"version-history":[{"count":0,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/posts\/25110\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/media\/25111"}],"wp:attachment":[{"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/media?parent=25110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/categories?post=25110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/tags?post=25110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}