Private equity mogul Bill Chisholm officially buys the Boston Celtics for a record $6.1 billion
Summary
Bill Chisholm, a private equity mogul, has purchased the Boston Celtics for $6.1 billion. This is the highest amount ever paid for an American sports team. Chisholm now owns at least 51% of the team, with plans to gain full control by 2028.Key Facts
- Bill Chisholm purchased the Boston Celtics for $6.1 billion.
- This is the highest price paid for an American professional sports team.
- Chisholm's purchase was finalized when the NBA approved it unanimously.
- Chisholm will initially own 51% of the team.
- Full control of the team will shift to Chisholm by 2028, potentially valuing it at $7.3 billion.
- The Celtics were previously owned by Wyc Grousbeck's group since 2002.
- Under the previous ownership, the Celtics won two NBA championships and made the playoffs 20 times in 23 seasons.
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