The NBA defender champion, Boston Celtics, will soon be under a new property. The current franchise owned group agreed to sell the club to William Chisholm for a record of $ 6.1 billion, agencies that represent both parties involved in the sale confirmed to Associated Press.
ESPN and Sportico were among the first reports of the agreement for sale.
Chisholm is the managing partner of Symphony Technology Group, a private capital firm based in California. The $ 6.1 billion figure represents the highest purchase price for a sports team in the history of North America. An investment group led by Josh Harris previously established the brand in 2023 when he bought the NFL Washington commanders to Daniel Snyder for $ 6.05 billion.
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The Boston Celtics logo at the TD Banknorth Garden before a match against Philadelphia 76ers on November 28, 2008, in Boston. (Brian Babineau/NBAE through Getty Images)
Chisholm grew in Massachusetts and has been a fan of Celtics for years, Boston Globe reported. The current co -owner of the Celtics, Robert Hale, is part of the incoming property group, according to The Globe. Bruce Beal Jr., president of related companies, is also one of the investors in the new group.
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Shortly after the Celtics defeated the Dallas Mavericks in the NBA finals last year, Boston Basketball Partners of the Grousbeck LLC family revealed its intention to sell the franchise. The family cited heritage and family planning purposes. The family has controlled the famous franchise since 2002, when the group closed with a sale of $ 360 million.
A towel with the Boston Celtics logo in a chair before a playoff game in TD Garden in Boston. (Adam Glanzman/Getty images)
WyC Grousbeck is expected to continue representing the franchise at the Board of Governors of the NBA during the 2027-28 season. Boston Basketball Partners LLC intends to sell the balance of its shares in 2028.
The TD garden before game 1 of the second round of the NBA playoffs between the Filadelphia 76ers and the Boston Celtics on May 1, 2023 at the Garden TD in Boston. (David Dow/NBAE through Getty Images)
“My partners and I have an immense respect for WyC, the entire Grousbeck family and its indelible contributions to the organization of Celtics in the last 23 years,” said Chisholm in a statement announcing the agreement. “We hope to learn from WyC and associate with Brad Stevens, Joe Mazzulla and the talented team and personal to take advantage of his success while we work to bring more championships to Boston.”
Several NBA franchises changed hands in 2023.
The Phoenix Suns were bought by the owner of the mortgage firm Mat Ishbia for $ 4 billion. The Milwaukee Bucks were sold to the owners of the Cleveland Browns, Jimmy and Dee Haslam for $ 3.5 billion. And Mark Cuban agreed to the sale of most of his actions owned by Dallas Mavericks to Miriam Adelson Yy the son -in -law Patrick Dumont, who operates the company of Casinos de Las Vegas Sands, for $ 3.5 billion.
