US EditionBoston Celtics sale is done. Bill Chisholm takes over as owner of NBA’s most-decorated franchise
- On Tuesday, ownership of the Boston Celtics officially transferred to Bill Chisholm, a private equity investor, who now leads the NBA’s most successful franchise.
- The team was put on the market last summer after winning its record 18th NBA championship, leading to Chisholm winning the bidding in March.
- Chisholm secured ownership of the franchise with a bid exceeding $6.1 billion, setting a new record for an American sports team, a deal that received unanimous approval from the NBA last week.
- On Tuesday, Chisholm completed the purchase of a controlling stake of at least 51% in the team, with plans to acquire full ownership by 2028; the deal could value the franchise at as much as $7.3 billion.
- This sale marks a significant ownership transition after Wyc Grousbeck led a group that acquired the Celtics in 2002 and guided them to two NBA titles and 20 playoff appearances in 23 seasons.
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Boston Celtics officially change hands to new owner Chisholm
BOSTON, Mass. (WLNE) — The sale of the Boston Celtics to a group led by Bill Chisholm has been finalized. The sale cost more than $6.1 billion. The finalization was just confirmed in a press released from the C’s. The NBA approved the deal unanimously last week. Chisholm takes ownership of at least 51-percent of the team, with full control coming by 2028. In a statement, Chisholm says quote, “We are committed to building on the legacy of the Cel…
·Rhode Island, United States
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Total News Sources57
Leaning Left18Leaning Right3Center24Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 40%
C 53%
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