The Boston Celtics hang on the banner of the 2024 NBA championship at TD Garden.
Danielle Parhizkaran | Boston Globe | Getty images
A group led by the director of the Private Equity, Bill Chisholm, buys the reigning champion of the National Basketball Association Boston Celtics to an assessment of $ 6.1 billion, the team’s ownership announced on Thursday.
Investment capital company Sixth Street is part of the new ownership group and will contribute more than a billion dollars, said a person familiar with the case. The other members of the ownership group include the businessman in the Boston region, Rob Hale, current owner of the team, and Bruce Beal Jr., president of companies linked to the real estate company.
“Having grown up on the north shore and attending the College of New England, I was an unconditional fan of Celtics all my life,” Chisholm said in a press release on Thursday. “I understand how important the Celtics are for the city of Boston – the role that the team plays in the community is different from any other city in the country. I also understand that there is a responsibility as the leader of the organization towards the inhabitants of Boston, and I am ready for this challenge.”
The current Celtics ownership group, Boston Basketball Partners, is led by the Grousbeck family. WYC GROUSBECK, CEO and Governor of the team, will remain in these roles throughout the 2027-28 season. If it is approved, the sale will pass this summer.
“Bill is a great person and a real fan of the Celtics, born and raised here in the Boston region,” said Grous in a press release. “His love for the team and the city of Boston, as well as his chemistry with the rest of the leaders of the Celtics, make him a natural choice to be the next governor and owner of the team.”
The NBA refused to comment.
We do not know how much Chisholm, co-founder of the Symphony Technology Group firm, will pay personally within the framework of the agreement.
The selling price of $ 6.1 billion is the highest for a team in the history of American sport, exceeding the agreement of $ 6.05 billion for Washington commanders of the National Football League in 2023.
The official list of official assessments of the NBA team from CNBC Sport published in February had estimated that the Celtics franchise was worth $ 5.5 billion. The highest team was the Golden State Warriors at $ 9.4 billion.
The sale of the Celtics to a large ownership group occurs while the assessments of the sports franchise soar, which makes it more difficult for individuals or families to buy a team themselves. Last year, the NFL followed the NBA and other major leagues to allow capital-investment companies to take team holdings.
The arrows of media rights has contributed to rapid growth in the team’s assessments. The $ 76 billion agreement over 11 years with which the NBA signed with Walt Disney,, Nbcuniversal And Amazon From next season, has more than doubled the annual value of the previous media agreement of the League.
The Celtics won 18 championships, the most in the history of the NBA. The team has the second best record of the East Conference of the NBA this season and is considered a strong competitor to win its second consecutive title.
– Michael Ozanian from CNBC, Leslie Picker and Scott Wapner contributed to this story.
Disclosure: Comcast is the parent company of Nbcuniversal and CNBC.