BOSTON – NBA Board of Governors unanimously approves sales Boston Celtics For a group led by Private Equity Mogul Bill Chisholam, a deal that gives importance to the franchise at more than $ 6.1 billion – the largest for an American professional sports team.
The League said the transaction is expected to be closed soon. When this happens, the Chisholm will take over at least 51% of the team, with full control by 2028 at a price that can bring the total value to $ 7.3 billion.
The previous record for American sports franchise was paid for NFL $ 6.05 billion Washington Commander In 2023. Record price for NBA team was paid for Matt Ishbia, owner of the hostage firm of $ 4 billion Phoenix Sun In 2023.
Massachusetts native to Dartmouth College and Penn’s Wharton School of Business, Chisholm is the managing partner of California -based Symphony Technology Group. The new ownership group includes Boston businessman Rob Hell, who is a current Celtic shareholder, and Bruce Bel Junior.
WYC Grousbek led the ownership group that bought a team in 2002 for $ 360 million and presided over the NBA Championship in 2008 and 2024. The franchise has a record 18 NBA title.
Chisholm excluded at least two other groups, led by the previous Celtics minority partner Steve Pagliuka led by one. Pagliuca has since announced a plan to purchase WNBA’s connectic Sun at $ 325 million and transfer them to Boston, but sales and potential transfer are subject to approval by the WNBA Board of Governors.
The Associated Press contributed to this report.
