Connect with us

Hi, what are you looking for?

Top Stories

NBA Approves Record $6.1B Sale of Boston Celtics to Chisholm

UPDATE: The NBA board of governors has unanimously approved the sale of the Boston Celtics to a group led by private equity mogul Bill Chisholm, marking a historic valuation of over $6.1 billion. This transaction, confirmed just hours ago, sets a new record for any American professional sports team.

The deal is expected to finalize shortly, with Chisholm acquiring at least 51% of the franchise. Full control is projected to transition to him by 2028, potentially increasing the overall value to $7.3 billion. The previous record for a U.S. sports franchise was held by the NFL’s Washington Commanders, sold for $6.05 billion in 2023.

Chisholm, a Massachusetts native and a graduate of Dartmouth College and Penn’s Wharton School of Business, is the managing partner of Symphony Technology Group. His ownership group also includes notable Boston businessmen like current Celtics shareholder Rob Hale and Bruce Beal Jr..

Wyc Grousbeck, who led the previous ownership group that purchased the Celtics in 2002 for $360 million, has overseen significant successes, including NBA championships in 2008 and 2024. The Celtics hold an unparalleled record with 18 NBA titles.

Chisholm’s bid outpaced competition from at least two other groups, including one led by former Celtics minority partner Steve Pagliuca. Pagliuca has since announced his intention to buy the WNBA’s Connecticut Sun for $325 million, with plans to relocate the team to Boston, pending WNBA board approval.

This monumental sale not only reshapes the landscape of the NBA but also emphasizes the rising valuations of professional sports teams in the U.S. As the deal moves forward, fans and analysts alike will be watching closely to see how this change in ownership may impact the Celtics’ future strategy and performance on the court.

Stay tuned for further updates on this developing story!

You May Also Like

Sports

The UFC event in Abu Dhabi on July 26, 2025, featured a record-breaking performance from Steven Nguyen, who achieved an unprecedented feat by knocking...

Lifestyle

Shares of **Amerant Bancorp** (NYSE:AMTB) received an upgrade from Wall Street Zen on March 10, 2024, transitioning from a hold rating to a buy...

Entertainment

The upcoming Netflix series, Bon Appétit, Your Majesty, is making headlines due to a significant casting change just ten days before filming commenced. Originally...

Top Stories

UPDATE: Sydney Sweeney’s Baskin-Robbins advertisement is making waves online as backlash intensifies over her recent American Eagle campaign. Just days after critics condemned the...

Entertainment

**Kat Izzo Defends Relationship with Dale Moss Amid Controversy** Kat Izzo, a contestant from the reality series *Bachelor in Paradise*, publicly affirmed her relationship...

Top Stories

BREAKING: The historic Durango-La Plata Aquatic Center, a cornerstone of community recreation since its opening in August 1958, is facing imminent demolition as part...

Politics

King Charles has reportedly outlined specific conditions that Prince Harry must meet to facilitate a potential reunion with the royal family. Following a discreet...

Top Stories

URGENT UPDATE: Affordable motorcycle helmets under ₹1000 are now available for safety-conscious riders across India. With road safety becoming a pressing issue, these helmets...

Business

An off-Strip casino in Las Vegas has unveiled Nevada’s latest sportsbook, Boomer’s Sports Book, as part of a substantial renovation. The new facility opened...

Entertainment

Erin Bates Paine, known for her role on the reality show Bringing Up Bates, was admitted to the Intensive Care Unit (ICU) following complications...

Sports

The Las Vegas Aces secured a convincing victory over the Los Angeles Sparks, defeating them 89-74 on March 12, 2024, at Crypto.com Arena. This...

Sports

As the 2025 NFL season approaches, fantasy football enthusiasts are gearing up for their drafts, particularly focusing on tight ends. With players like Brock...

Copyright © All rights reserved. This website provides general news and educational content for informational purposes only. While we strive for accuracy, we do not guarantee the completeness or reliability of the information presented. The content should not be considered professional advice of any kind. Readers are encouraged to verify facts and consult appropriate experts when needed. We are not responsible for any loss or inconvenience resulting from the use of information on this site.