The reigning champion of the NBA Boston Celtics will soon be under the property. The current franchise ownership group agreed to sell the club to William Chisholm for a record of $ 6.1 billion, agencies representing the two parties involved in the sale confirmed to the Associated Press.
ESPN and Sportico were among the first reports to the sale agreement.
Chisholm is the Symphony Technology Group director of Symphony Technology Group, a California-based capital-investment company. The figure of $ 6.1 billion represents the highest purchase price for a sports team in North American history. An investment group led by Josh Harris previously set the brand in 2023 when it bought the NFL Washington commanders from Daniel Snyder for $ 6.05 billion.
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The Boston Celtics logo at TD Banknorth Garden before a match against the Philadelphia 76ers on November 28, 2008, in Boston. (Brian Babineau / NBAE via Getty Images)
Chisholm has grown up in Massachusetts and has been a fan of Celtics for years, Boston Globe reported. The current co -owner of Celtics, Robert Hale, is part of the new property group, according to The Globe. Bruce Beal Jr., president of linked companies, is also one of the investors of the new group.
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Shortly after the Celtics beat the Dallas Mavericks in the NBA final last year, the Boston Basketball Partners LLC of the Grousbeck family revealed its intention to sell the franchise. The family quoted inheritance and family planning ends. The family has checked the legendary franchise since 2002, when the group has closed on a sale of $ 360 million.
A towel with the Boston Celtics logo on a chair before an eliminatory match at TD Garden in Boston. (Adam Glanzman / Getty Images)
WYC GROUSBECK should continue to represent the franchise at the Council of Governors of the NBA throughout the 2027-28 season. Boston Basketball Partners LLC intends to sell the balance of its actions in 2028.
The TD garden before match 1 of the second round of the NBA qualifiers between the Philadelphia 76ers and the Boston Celtics on May 1, 2023, at the Boston TD Garden. (David Dow / NBAE via Getty Images)
“My partners and I have immense respect for WYC, the whole Grous family and their indelible contributions to the Celtic organization in the past 23 years,” Chisholm said in a statement announcing the agreement. “We are impatient to learn from WYC and to associate with Brad Stevens, Joe Mazzulla and the team and the talented staff to rely on their success while we are working to bring back more championships to Boston.”
Several NBA franchises changed hands in 2023.
The Phoenix Suns were purchased by the owner of the Mat Ishbia mortgage for $ 4 billion. The Milwaukee Bucks were sold to owners of Cleveland Browns Jimmy and Dee Haslam for $ 3.5 billion. And Mark Cuban accepted the sale of the majority of his ownership of Dallas Mavericks to Miriam Adelson and to son -in -law Patrick Dumont, who operates the Las Vegas Sands Casino Company, for $ 3.5 billion.
