NBA approves sale of Boston Celtics to Bill Chisholm for record $6.1 billion
By Jimmy Golen Ap Sports Writer
The NBA approved unanimously on Wednesday the Sale of Boston Celtics to a group led by Bill ChisholmAn agreement that values the franchise at 6.1 billion dollars – the biggest ever ever made for an American professional sports team.
The league said the transaction should end shortly. When he will do, Chisholm will appropriate at least 51% of the team, with total control at 2028 at a price that could increase the total value to $ 7.3 billion.
The $ 6.1 billion is the highest price ever paid for an American professional sports team, although the owner of the Los Angeles Dodgers, Mark Walter, agreed to buy a share of Lakers control in an agreement that would place the value of the entire franchise at $ 10 billion. We do not know how much Walter would have; Current owner Jeanie Buss should keep at least 15% of the team.
The previous record for an American sports franchise was the $ 6.05 billion paid for the NFL Washington commanders in 2023. The record price for an NBA team was the owner of $ 4 billion, Mat Ishbia, the owner of the mortgage company paid for the Phoenix Suns in 2023.
Originally from Massachusetts and a graduate of Dartmouth College and the Wharton School of Business in Penn, Chisholm is the general partner of the Symphony Technology Group, based in California. The new ownership group also includes Boston’s businessmen, Rob Hale, who is a current Celtic shareholder, and Bruce Beal Jr.
WYC GROUSBECK managed the ownership group that bought the team in 2002 for $ 360 million and chaired the NBA championships in 2008 and 2000. The 18 NBA titles of the franchise are a record.
Chisholm escapes at least two other groups, one led by the partner of the minority of previous Celtics Steve Pagliuca. Pagliuca has since announced its plans, but the Connecticut Sun of the WNBA for $ 325 million and moved them to Boston, but the women’s league fell to the agreement.
