Boston Celtics Sold for Record $6.1 Billion
The Boston Celtics have been sold to a group led by private equity executive William Chisholm for a stunning $6.1 billion, marking the highest price ever paid for a sports team in North American history. This landmark deal not only establishes a new financial benchmark for NBA franchises, but it also raises questions about the future of the team and the potential impact on the league. Steve Pagliuca, the previous co-owner, expressed his sadness over the sale, while NBA officials have voiced concerns regarding the ramifications of such a significant transaction. The sale highlights the growing financial power of sports franchises and their appeal to wealthy investors.
CBS Boston, ESPN, Axios, The Athletic, The Seattle Times, NBC Sports, CNBC, The Boston Globe, NBC Sports Boston, Yahoo Sports