The Boston Celtics have received 18 championships (including last season), making them probably the most adorned staff in NBA historical past. Now, they’ve set one other document: They’re the most costly sale in sports activities — ever.
On Thursday, a number of retailers reported that Invoice Chisholm, managing companion at Symphony Expertise Group, will purchase the team for $6.1 billion. The deal remains 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. Relating to the NBA particularly, that previous record was the $4 billion sale of the Phoenix Suns (agreed to on the finish of 2022 however finalized in early 2023).
Chisholm stated in an announcement that he’s nicely conscious of the complicated and storied historical past of the staff and area. He’s a local of Massachusetts and a Dartmouth College graduate.
“Rising up on the North Shore and attending school in New England, I’ve been a die-hard Celtics fan my whole life,” Chisholm said in a statement. “I perceive how necessary the Celtics are to the town of Boston — the position the staff performs in the neighborhood is completely different than every other metropolis within the nation. I additionally perceive that there’s a duty as a pacesetter of the group to the individuals of Boston, and I’m up for this problem.”
Chisholm is estimated to be value round $10 billion, per Sportico, and has an “encyclopedic knowledge” of the staff, a supply advised the Boston Globe.
Fast Company notes that if the sale goes by, the Grousbeck household, the Celtics’ present majority house owners, will get round a 1,700% return on funding.
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