{"id":67766,"date":"2025-08-14T00:49:09","date_gmt":"2025-08-14T00:49:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/67766\/"},"modified":"2025-08-14T00:49:09","modified_gmt":"2025-08-14T00:49:09","slug":"nba-approves-celtics-sale-to-bill-chisholm-for-record-6-1b","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/67766\/","title":{"rendered":"NBA approves Celtics sale to Bill Chisholm for record $6.1B"},"content":{"rendered":"<p>Article content<\/p>\n<p>BOSTON \u2014 The NBA on Wednesday unanimously approved the sale of the Boston Celtics to a group led by private equity mogul Bill Chisholm, a deal that values the franchise at more than $6.1 billion \u2014 the largest ever for an American professional sports team.<\/p>\n<p>Article content<\/p>\n<p>The league said the transaction is expected to close shortly. When it does, Chisholm will take 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.<\/p>\n<p>Article content<\/p>\n<p>The previous record for a U.S. sports franchise was the $6.05 billion paid for the NFL\u2019s Washington Commanders in 2023. The record price for an NBA team was the $4 billion mortgage firm owner Mat Ishbia paid for the Phoenix Suns in 2023.<\/p>\n<p>Read More<\/p>\n<p><a href=\"https:\/\/torontosun.com\/sports\/basketball\/nba\/hurricanes-owner-tom-dundon-deal-buy-portland-trail-blazers?itm_source=nba&amp;utm_source=read-more\" rel=\"nofollow noopener\" target=\"_blank\"> <img decoding=\"async\" alt=\"Tom Dundon, majority owner of the Carolina Hurricanes talks to the media in 2019.\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/08\/689ccc94c2dd39fb55880257jpeg-e1755112027520.jpg\"  class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/> <\/p>\n<p>Hurricanes owner Tom Dundon strikes tentative deal to buy Portland Trail Blazers<\/p>\n<p> <\/a><a href=\"https:\/\/torontosun.com\/sports\/basketball\/nba\/oklahoma-city-thunder-lu-dort-title-parade-montreal?itm_source=nba&amp;utm_source=read-more\" rel=\"nofollow noopener\" target=\"_blank\"> <img decoding=\"async\" alt=\"Shai Gilgeous-Alexander (left) and Luguentz Dort of the Oklahoma City Thunder walk on the court during a stop in play.\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/08\/0604-lu-dort-shai-gilgeous-alexander-okc-thunder.jpg\"  class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/> <\/p>\n<p>Oklahoma City Thunder\u2019s Lu Dort to have NBA title parade in Montreal next week<\/p>\n<p> <\/a><\/p>\n<p>A Massachusetts native and graduate of Dartmouth College and Penn\u2019s Wharton School of Business, Chisholm is the managing partner of California-based Symphony Technology Group. The new ownership group also includes Boston businessmen Rob Hale, who is a current Celtics shareholder, and Bruce Beal Jr.<\/p>\n<p>Wyc Grousbeck led the ownership group that bought the team in 2002 for $360 million and presided over NBA championships in 2008 and \u201924. The franchise\u2019s 18 NBA titles is a record.<\/p>\n<p>Chisholm outbid at least two other groups, one led by previous Celtics minority partner Steve Pagliuca. Pagliuca has since announced plans to buy the WNBA\u2019s Connecticut Sun for $325 million and move them to Boston, but the women\u2019s league has balked at the deal.<\/p>\n<p>RECOMMENDED VIDEO<img decoding=\"async\" alt=\"Loading...\" height=\"64\" loading=\"lazy\" src=\"https:\/\/dcs-static.gprod.postmedia.digital\/19.2.5\/websites\/images\/common\/icon-spinner-animated.svg\" width=\"64\"\/><\/p>\n<p>We apologize, but this video has failed to load.<\/p>\n<p>Play Video<\/p>\n<p>Share this article in your social network<\/p>\n","protected":false},"excerpt":{"rendered":"Article content BOSTON \u2014 The NBA on Wednesday unanimously approved the sale of the Boston Celtics to a&hellip;\n","protected":false},"author":2,"featured_media":67767,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[434],"tags":[49,48,459,82],"class_list":["post-67766","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nba","tag-ca","tag-canada","tag-nba","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/67766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=67766"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/67766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/67767"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=67766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=67766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=67766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}