It isn’t very often that a professional sports franchise is sold, let alone one that is extremely successful and famous. However, that is exactly what happened on Thursday.
Here is the full story.
Breaking: Famous Professional Sports Franchise Sold For Over 6 Billion Dollars
Feb 28, 2025; Boston, Massachusetts, USA; The Boston Celtics logo is seen on the court beofre the game between the Boston Celtics and the Cleveland Cavaliers at TD Garden. Mandatory Credit: Winslow Townson-Imagn ImagesSports
Feb 28, 2025; Boston, Massachusetts, USA; The Boston Celtics logo is seen on the court beofre the game between the Boston Celtics and the Cleveland Cavaliers at TD Garden. Mandatory Credit: Winslow Townson-Imagn Images
On Thursday morning, the Boston Celtics owners announced that they are selling the team for $6.1 billion to William Chisholm. Approval of the deal is pending with the NBA Board of Governors:
Chisholm is a co-founder and managing partner of Symphony Technology Group, a private equity firm. He previously worked for Boston-based Bain & Company. Chisholm is a native of Georgetown, Massachusetts, and a Dartmouth College graduate, The Boston Globe reported.
In a statement about the sale, Chisholm said he was a lifelong Celtics fan.
ESPN’s Shams Charania reports that the $6.1 billion deal becomes the largest sale for a sports franchise in North America. It surpasses the $6.05 billion sale of the Washington Commanders in 2023.
The Celtics have consistently been one of the best teams in the NBA. Here is a look at their last 10 seasons:
Jun 17, 2024; Boston, Massachusetts, USA; Boston Celtics forward Jayson Tatum (0) celebrates in the locker room after winning the 2024 NBA Finals against the Dallas Mavericks at TD Garden. Mandatory Credit: Elsa/Pool Photo-Imagn Images
Jun 17, 2024; Boston, Massachusetts, USA; Boston Celtics forward Jayson Tatum (0) celebrates in the locker room after winning the 2024 NBA Finals against the Dallas Mavericks at TD Garden. Mandatory Credit: Elsa/Pool Photo-USA TODAY Sports
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