The NBA Board of Governors approved the sale of the Boston Celtics to a group led by Bill Chisholm, valuing the franchise at over $6.1 billion. Chisholm will initially own at least 51% of the team, gaining full control by 2028, possibly bringing the total value to $7.3 billion. This sale surpasses the previous record for U.S. franchises, with the Celtics' new ownership group also including Rob Hale and Bruce Beal Jr. The Celtics have a storied history, winning 18 NBA titles, the highest in league history.
The NBA Board of Governors on Wednesday unanimously approved the sale of the Boston Celtics to a group led by private equity mogul Bill Chisholm.
The franchise is valued at more than $6.1 billion, marking the largest sale for an American professional sports team.
Chisholm will take ownership of at least 51% of the team, with full control expected by 2028, potentially increasing the total value to $7.3 billion.
Wyc Grousbeck led the previous ownership group that bought the team in 2002 for $360 million and presided over two NBA championships.
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