The NBA closed one of the most important chapters in its financial history with the official announcement of the sale of the Boston Celtics, completed this Tuesday. The buyer was William "Bill" Chisholm, a 56-year-old magnate who paid more than 6.1 billion dollars to acquire at least 51% of the institution.
The transaction, which received unanimous approval from the league's Board of Governors, becomes the most expensive transaction for a professional sports team in the United States. Chisholm is expected to acquire full control in 2028, when the franchise's value could exceed 7.3 billion.
The new principal owner introduced himself as a lifelong supporter of the Boston team: "We're committed to maintaining the Celtics' proud history and raising expectations so the team can once again reach the next level of championships," he stated in a press release.
The new management structure includes Wyc Grousbeck, who will become co-owner and CEO, and Aditya Mittal as alternate governor. Other prominent names such as Bruce Beal, Rob Hale, Mario Ho, and Ian Loring are also joining, as well as the international fund Sixth Street as a significant shareholder.
