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Boston Celtics Sale Finalized as Bill Chisholm Takes Control at Record $6.1 Billion

NBA owners granted unanimous approval for a staged transfer that culminates in full ownership in 2028.

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.