The Boston Celtics have gained 18 championships (including last season), making them probably the most embellished staff 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 retailers reported that Invoice Chisholm, managing companion at Symphony Know-how Group, will purchase the team for $6.1 billion. The deal remains to be topic to approval and assessment 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 offered for $6.05 billion in 2023. On the subject of 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 a press release that he’s properly 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 faculty in New England, I’ve been a die-hard Celtics fan my complete life,” Chisholm said in a statement. “I perceive how necessary the Celtics are to town of Boston — the function the staff performs in the neighborhood is completely different than some other metropolis within the nation. I additionally perceive that there’s a duty as a pacesetter of the group to the folks 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 informed the Boston Globe.
Fast Company notes that if the sale goes by way of, the Grousbeck household, the Celtics’ present majority homeowners, will get round a 1,700% return on funding.
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