Overview

• Funds changed hands on August 19, giving Chisholm’s group at least a 51% stake immediately.
• Chisholm prevailed in March’s bidding after the team was listed for sale last summer following its 18th championship.
• The valuation sets a new U.S. pro sports benchmark, alongside a recent Lakers partial sale implying a $10 billion franchise value.
• The Grousbeck-led group departs after buying the club for $360 million in 2002 and delivering two titles with consistent playoff runs.
• The NBA Board of Governors approved the transaction unanimously last week, clearing the way for Tuesday’s closing.