Bill Chisholm, a private equity tycoon, paid $6.1 billion to acquire the Boston Celtics, who had just won their 18th NBA championship. With complete control anticipated by 2028, the record-breaking deal represents the highest price ever paid by a U.S. sports team.
Shortly after winning its record 18th NBA championship, the club was placed on the market last summer.
Boston — The Boston Celtics were sold on Tuesday, and private equity tycoon Bill Chisholm acquired the NBA’s most distinguished team from a group headed by Wyc Grousbeck that had controlled it for nearly 20 years.
Shortly after winning its record 18th NBA championship, the club was placed on the market last summer. With an offer worth almost $6.1 billion, the highest amount ever paid for an American professional sports team, Chisholm won the March bidding.
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The money was transferred on Tuesday after the NBA unanimously approved the arrangement last week.
Chisholm purchases at least 51% of the team for a potential $7.3 billion, with full control anticipated by 2028. That is the biggest price ever paid for a franchise in the four major North American sports, even though a section of the Los Angeles Lakers sold this summer for a price that would have valued the organization as a whole at $10 billion.
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