The Boston Celtics have gained 18 championships (together with final season), making them probably the most embellished group in NBA historical past. Now, they’ve set one other document: They’re the costliest sale in sports activities — ever.
On Thursday, a number of shops reported that Invoice Chisholm, managing companion at Symphony Know-how Group, will purchase the group for $6.1 billion. The deal continues to be topic to approval and evaluate by the NBA Board of Governors.
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The earlier sports activities gross sales document was for the NFL’s Washington Commanders, which bought for $6.05 billion in 2023. In relation to the NBA particularly, that earlier document was the $4 billion sale of the Phoenix Suns (agreed to on the finish of 2022 however finalized in early 2023).
Chisholm mentioned in a press release that he’s effectively conscious of the complicated and storied historical past of the group and area. He’s a local of Massachusetts and a Dartmouth School graduate.
“Rising up on the North Shore and attending school in New England, I’ve been a die-hard Celtics fan my complete life,” Chisholm mentioned in a press release. “I perceive how necessary the Celtics are to the town of Boston — the function the group performs in the neighborhood is totally different than every other metropolis within the nation. I additionally perceive that there’s a accountability as a pacesetter of the group to the individuals of Boston, and I’m up for this problem.”
Chisholm is estimated to be price round $10 billion, per Sportico, and has an “encyclopedic information” of the group, a supply advised the Boston Globe.
Quick Firm notes that if the sale goes by means of, the Grousbeck household, the Celtics’ present majority homeowners, will get round a 1,700% return on funding.
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