A gaggle, which is managed by Bill Chisholm, Executive Executive Bill Chisholm, buys the reigning champion of the National Basketball Association Boston Celtics for an assessment of $ 6.1 billion, because the possession of the team announced on Thursday.
The private equity company Sixth Street is an element of the brand new owner group and can contribute greater than 1 billion US dollars, said an individual conversant in the matter. Other members of the owner group are the businessman of Boston, Rob Hale, a current team owner, and Bruce Beal Jr., President of the true estate company.
“When I grew up on the north coast and visited College in Neugland, I was a die-hard Celtics fan all my life,” said Chisholm in a Thursday Press release. “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 a manager of the organization for people in Boston, and I am ready for this challenge.”
The current owner group of Celtics, Boston Basketball Partners, is led by the Grousbeck family. WYC Grousbeck, the team's CEO and governor, will remain in these roles by 2027-28. The sale will undergo this summer when approved.
“Bill is a great person and a true Celtics fan who was born and grew up here in the Boston area,” said Grousbeck in an announcement. “His love for the team and the city of Boston, together with his chemistry with the rest of the Celtics leadership, is a natural decision to be the next governor and controlling owner of the team.”
The NBA refused to comment.
It is unclear how much Chisholm, co -founder of the Symphony Technology Group company, will personally pay a part of the business.
The sales price of 6.1 billion US dollars is the best for a team in US sports history and exceeds the offer of 6.05 billion US dollars for the Washington Commanders of the National Football League in 2023. Depending on the full performance of seven.3 billion US dollars, the general rating of the Celtics could achieve.
The Celtics franchise estimated the official list of the official NBA team rating list from CNBC Sport published in February at 5.5 billion US dollars. The best team was the Golden State Warriors with $ 9.4 billion.
The sale of the Celtics to a big group of homeowners takes place if sports franchise rates skyrocket, which makes it harder for people or families to purchase a team themselves. The NFL followed the NBA and other large leagues last 12 months to enable private equity firms to participate in teams.
High -rising media law payments have contributed to the rapid growth of the team reviews. The 11-year-old 76-billion dollar agreement with which the NBA signed Walt DisneyPresent Nbcuniversal And Amazon From next season, the annual value of the previous media business of the league has greater than doubled.
The Celtics won 18 championships, most within the history of the NBA. The team has the second best record within the Eastern Conference of the NBA this season and is taken into account a robust candidate to win his second title in a row.
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