{"id":81477,"date":"2025-08-14T06:06:06","date_gmt":"2025-08-14T06:06:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/81477\/"},"modified":"2025-08-14T06:06:06","modified_gmt":"2025-08-14T06:06:06","slug":"nba-approves-sale-of-boston-celtics-to-bill-chisholm-for-6-1-billion","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/81477\/","title":{"rendered":"NBA approves sale of Boston Celtics to Bill Chisholm for $6.1 billion"},"content":{"rendered":"

BOSTON (AP) \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 $6.1 billion<\/a>. <\/p>\n

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

That\u2019s the largest price ever paid for an American professional sports team, though Los Angeles Dodgers owner Mark Walter has agreed to buy a controlling share of the Lakers in a deal that would place the value of the entire franchise at $10 billion<\/a>. It\u2019s not clear how much Walter would own; current owner Jeanie Buss is expected to retain at least 15% of the team.<\/p>\n

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<\/a>.<\/p>\n

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

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

Chisholm outbid at least two other groups, one led by previous Celtics minority partner Steve Pagliuca. Pagliuca has since announced plans to but the WNBA\u2019s Connecticut Sun for $325 million and move them to Boston, but the women\u2019s league has balked at the deal<\/a>.<\/p>\n

___<\/p>\n

AP NBA: https:\/\/apnews.com\/hub\/nba<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"BOSTON (AP) \u2014 The NBA on Wednesday unanimously approved the sale of the Boston Celtics to a group…\n","protected":false},"author":2,"featured_media":81478,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[57028,2242,57033,28,2356,2000,57030,1055,57029,2001,57032,355,1063,57031,99,43592],"class_list":["post-81477","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sports","tag-bill-chisholm","tag-boston-celtics","tag-bruce-beal-jr","tag-business","tag-california","tag-connecticut","tag-jeanie-buss","tag-los-angeles-lakers","tag-mark-walter","tag-massachusetts","tag-mat-ishbia","tag-nba","tag-nba-basketball","tag-rob-hale","tag-sports","tag-steve-pagliuca"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/81477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=81477"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/81477\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/81478"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=81477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=81477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=81477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}