The sale of the Boston Celtics was finalized with Bill Chisholm assuming control after acquiring at least 51% ownership. The team was put up for sale after winning an NBA championship and was sold for over $6.1 billion, marking a record for American sports teams. Full control of the franchise will transition to Chisholm by 2028, potentially raising the total valuation to $7.3 billion. The previous ownership group successfully managed the team since 2002, winning two NBA titles and consistently making playoff appearances.
The sale of the Boston Celtics was finalized on Tuesday, with private equity mogul Bill Chisholm taking over control of the NBA's most-decorated franchise from a group led by Wyc Grousbeck that had owned them for more than two decades.
Chisholm won the bidding in March with an offer that valued the franchise at more than $6.1 billion - a record price paid for an American professional sports team.
Chisholm takes ownership of at least 51% of the team, with full control coming by 2028 at a price that could bring the total value to $7.3 billion.
Grousbeck led a group that bought the Celtics in 2002 for $360 million. Under their ownership, the Celtics won two NBA titles, lost in the finals two other times and made the playoffs in 20 of 23 seasons.
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