The Boston Celtics have gained 18 championships (together with final season), making them probably the most adorned 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 accomplice at Symphony Know-how Group, will purchase the staff 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 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 staff and area. He’s a local of Massachusetts and a Dartmouth School 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 mentioned in a press release. “I perceive how essential the Celtics are to the town of Boston — the position the staff performs in the neighborhood is totally different than another metropolis within the nation. I additionally perceive that there’s a duty as a frontrunner 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 information” of the staff, a supply advised the Boston Globe.
Quick Firm notes that if the sale goes by means of, the Grousbeck household, the Celtics’ present majority house owners, will get round a 1,700% return on funding.
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