Boston Celtics Sold for Record-Breaking $6.1 Billion
By a News Staff Writer
BOSTON (AP) — The Boston Celtics, fresh off thier 18th NBA championship victory, have been sold for a staggering $6.1 billion. The deal, announced Thursday, marks a new high for the price of a North American sports franchise.
Symphony Technology Group Co-founder William Chisholm to Take Majority Ownership
William Chisholm, co-founder of Symphony technology Group, leads the ownership group poised to acquire the Celtics. The sale is pending approval from the NBA Board of Governors. If approved,the transaction will surpass the $6.05 billion paid for the NFL’s washington Commanders in 2023, setting a new benchmark in the sports world.
Current Ownership to Remain involved Thru 2028
Wyc Grousbeck, the current majority owner, emphasized Chisholm’s deep connection to the team and the city. Grousbeck will remain as chief executive officer and governor of the Celtics, overseeing team operations through the 2027-2028 NBA season.The ownership group also includes Boston business executives and philanthropists Rob Hale and Bruce A. Beal Jr.
Chisholm Highlights Celtics’ Importance to boston
“I understand how vital the Celtics are to the city of Boston,” Chisholm stated, acknowledging the team’s important role within the community.
Celtics Solidify Legacy with Recent Championship
The Celtics’ recent NBA championship, their 18th, broke a tie with the Los Angeles Lakers for the most titles in league history.The team initially announced its intention to sell in July.
What are the implications of William Chisholm’s stated understanding of the Celtics’ importance to the city of boston for the team’s future direction and community engagement?
Boston Celtics Sold for Record-Breaking $6.1 Billion
By a News Staff Writer
BOSTON (AP) — The Boston Celtics, fresh off thier 18th NBA championship victory, have been sold for a staggering $6.1 billion. The deal,announced Thursday,marks a new high for the price of a North American sports franchise.
Symphony Technology Group Co-founder William Chisholm to Take Majority Ownership
William Chisholm, co-founder of Symphony technology Group, leads the ownership group poised to acquire the Celtics. The sale is pending approval from the NBA Board of Governors. if approved,the transaction will surpass the $6.05 billion paid for the NFL’s washington Commanders in 2023,setting a new benchmark in the sports world.
Current Ownership to Remain involved thru 2028
Wyc Grousbeck, the current majority owner, emphasized Chisholm’s deep connection to the team and the city. grousbeck will remain as chief executive officer and governor of the Celtics, overseeing team operations through the 2027-2028 NBA season.The ownership group also includes Boston business executives and philanthropists Rob Hale and Bruce A. beal Jr.
Chisholm Highlights Celtics’ Importance to boston
“I understand how vital the Celtics are to the city of Boston,” Chisholm stated, acknowledging the team’s important role within the community.
Celtics solidify Legacy with Recent Championship
The Celtics’ recent NBA championship, their 18th, broke a tie with the Los Angeles Lakers for the most titles in league history.The team initially announced its intention to sell in July.
Q&A: Decoding the Celtics’ Record-Breaking Sale
- Q: Who is buying the Boston Celtics?
- A: William Chisholm, co-founder of Symphony Technology Group, is leading the ownership group. The deal is pending NBA approval.
- Q: How much did the Celtics sell for?
- A: A record-breaking $6.1 billion, the highest price ever paid for a North american sports franchise.
- Q: Who are the other investors?
- A: The ownership group also includes Boston business executives and philanthropists Rob Hale and Bruce A. Beal Jr.
- Q: What happens to the current ownership?
- A: Wyc Grousbeck, the current majority owner, will remain as CEO and governor, overseeing team operations through the 2027-2028 NBA season.
- Q: Why is this sale significant?
- A: It surpasses the previous record of $6.05 billion paid for the Washington Commanders, setting a new benchmark in the sports world and reflecting the increasing value of NBA franchises.
- Q: Any fascinating trivia?
- A: The Celtics’ 18 NBA championships make them the winningest team in NBA history, a legacy that surely boosted their valuation.
this record-breaking sale underscores the enduring appeal and financial power of the Boston Celtics and the NBA. Keep an eye on the Celtics as they continue their journey in the upcoming seasons!
