6,100 million dollars of valuation for a record sale in the US Bill Chisholm is made with a legendary franchise and the team of its loves. The former owners make a box after having invested ‘only’ 360 million. The Boston Celtics change owners and the NBA rubs their hands.
The Boston Celtics, the most laureate team in the history of the NBA, have a new owner. On Thursday morning, The Boston Globe newspaper and the ESPN chain detailed that Bill Chisholm, owner of the private capital firm Symphony Technology Group, has reached an agreement with the group headed by the Grousbeck family to keep a majority participation of the Green Giant with a total assessment of 6.1 billion dollars.
This mastodontic figure is the most agreed to buy a team in the United States, exceeding ‘that is for very little’ the 6,050 million valuation agreed by the NFL Washington Commanders in 2023.
More shocking is the comparison if only the NBA is taken into account, since the last market reference in terms of franchise acquisition were the 4,000 million that Mat Ishbia agreed to keep the Phoenix Suns.
Boston Basketball Partners LLC, with the Grousbeck in front, announced its intention to sell in July 2024 just when the team was on the crest of the wave after having conquered the 18 ring that put him back in front of his historical and legendary rivals: Los Angeles Lakers.
At that time, the specialized Magazine Forbes estimated at 4.7 billion the value of the set in which Bill Russell and Larry Bird became immortal.
The business will be extraordinary for outgoing property, which acquired the franchise for ‘Solo’ 360 million in 2002.
Chisholm, who grew up in Massachusetts and is a great fan of the Celtics, will stay with a majority participation of the team while WyC Grousbeck will remain as governor of the team until 2028, which was one of the specified conditions when the bid and sale process started.
Other entrepreneurs with ties in Boston such as Rob Hale – who already had participation in the Celtics – or Bruce Beal Jr. will also be part of the new owner group.
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Green of the Celtics, green of the dollar for the NBA
On the sports plane, Celtics go through a magnificent moment. The team that now lead two figures in capital letters of the League such as Jays Tatum and Jaylen Brown has reached the East Final in six of the last eight seasons, has reached the finals twice and last year he achieved his title number 18.
Joe Mazzulla is the brain on the bench of a team that has opted for triple as a way of life and has a template full of resources – but also with important decisions to make in terms of salary limits – with Kristaps Porzingis, Jrue Holiday, Derrick White, Payton Pritchard and the Dominican and apparently eternal to the horford.
The NBA, which last year closed its new and gigantic television rights agreement, is interested in emblematic teams such as Celtics, Lakers or New York Knicks have pull on the tracks to drag the business in conjunction of the League.
But this historic sale of Celtics also involves a turning point for the future expansion of the NBA, with potential markets such as Las Vegas or Seattle that now have a reference number with the Boston million.
The NBA reached a television agreement for 76,000 million dollars in 2024 and an extension of eleven years with The Walt Disney Company (ABC and ESPN), Nbcuniversal and Amazon Prime Video.
With EFE information.
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