The Boston Celtics have been sold for a staggering $6.1 billion, setting a new record for the highest price paid for a franchise in North American sports history. This surpasses the previous record of $6.05 billion paid for the Washington Commanders in 2023. The sale also eclipses the NBA’s previous record of $4 billion, set when Mat Ishbia bought the Phoenix Suns two years ago. The Celtics, who clinched their 18th NBA title last June, began the sale process shortly after their victory. The team was originally purchased for $360 million in 2002 by Boston Basketball Partners, L.L.C. The new ownership group, led by Bill Chisholm, includes Boston business executives and philanthropists. Current CEO Wyc Grousbeck will remain in his role through the 2027-28 season. The Celtics are on track to exceed $500 million in combined payroll and luxury tax payments next season. With 18 NBA titles, the Celtics hold the record in the league, only behind the New York Yankees and Montreal Canadiens in all North American professional sports. The sale may influence the timeline for NBA expansion.
ClutchPoints
@ClutchPoints
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1h BREAKING: Bill Chisholm, managing partner at Symphony Technology Group, has agreed to purchase the Celtics from the Grousbeck family for a valuation of $6.1 billion, per
@ShamsCharania
.It’s the largest sale for a sports franchise in North America.
theScore
@theScore
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1h The Celtics’ sale surpasses the Commanders ($6.05B) for the highest sum ever for a North American sports team.
Cameron Tabatabaie
@CTabatabaie
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1h NEW:Celtics sold to Mass native William Chisolm for $6.1 billion
@AdamHimmelsbach
first on it via Boston Globe
TSN
@TSN_Sports
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41m The Boston Celtics have sold for $6.1B to Bill Chisholm and the Symphony Technology Group, a record sale for a North American sports franchise.
Dynasty Proud
@DynastyProud18
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57m We’ll have plenty to talk about…Your Boston Celtics have just been sold for $6.1B, an amount that is now a record for a North American sports franchise.The new face of ownership is William “Bill” Chisholm – more on this tomorrow for the pod!
Morning Brew
@MorningBrew
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54m THIS AM: The Boston Celtics have been sold to a group led by private-equity director Bill Chisholm (STG) and PE firm Sixth Street for $6.1 billionIt’s the largest deal for a professional sports team in North American history
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