Boston Celtics SOLD for record $6.1 Billion
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The Boston Celtics will have a new owner for the first time in more than two decades and two NBA championships. Bill Chisholm, the managing partner of Symphony Technology Group (STG), will buy the franchise at a $6.1 billion valuation, Boston’s current ownership group announced Thursday.
The sale price is the largest for a North American sports franchise, topping the $6.05 billion a group led by Josh Harris paid for the NFL’s Washington Commanders and far surpassing the $4 billion valuation the Phoenix Suns got when Mat Ishbia bought the team in 2023. It could also set a new baseline for NBA team sales as the league weighs whether to expand and could push prices up for those potential new franchises.
Read More: https://www.nytimes.com/athletic/6218327/2025/03/20/celtics-franchise-sale-william-chisholm-highest-value-billion/
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29 Comments
GOOD DEAL FOR CELTICS FANS?
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During the late 80's, you could buy limited partnership units in the Celtics. Unlike Packer shareholders though? You made money when they did, especially when the next ownership group bought everyone out to take it private again.
Next thing is giving Seattle back it is basketball team
Oh… and if the Celtics are sold for $6.1 billion? Some fool out there would cough up $25 billion for the Dallas Cowboys.
Brodie can you explain to me why it be until summer to be official
I wish my Sixers had a new ownership. 🥴
How in the world could a team generate 6.1 billion in revenue profit over decades, last year with the season they had and great attendance the timberwolves about broke even to very small profit, sports teams are way over priced to what they actually generate in revenue "Fact"
Let me guess, the new owners will demand a new arena with public money?
You could’ve had them in 2002 for the bargain price of $360 million 🙃
That doesn’t include the venue does it Brodie?
Billionaires screw them Hope they don't get any public money stupid welfare Queens stealing from us regular people
Someone who watches NBA tell me how the Warriors are worth more than the Celtics? I stopped watching in the mid 90s when Magic retired.
No thanks for thug ball
And next after this, the Sonics will return back to Seattle and the NBA will expand along with Vegas.
No surprise there. If losers that are the LA Clippers got $2 billion 11 years ago totally can see a storied and successful team with a great perpetual territory like the Celtics at $6.1 billion. LOL at that extra hundred million. Attorneys and bankers fees I guess. The Warriors….that was the steal of the century. Only thing left for the Warriors to do now is try to get a buyer for the Sacramento Kings and move them out of NorCal so they can have a monopoly like the Niners and Giants do now. Don't think Lacob isn't thinking that.
Tell me again why they need tax payer money for anything. IF you can spend 6.1 billion on a team you can build your own place to play. I am sure they will start asking for something now, even though TD Garden is still considered new.
I thought the NBA was dying. How can a team sell for a record price?😅
So since it was a private equity group that bought it, the Boston Celtics will be filing for bankruptcy in under 10 years then
Wow over 100x Tampa Bay Rays!
The Lakers must be worth $10 billion, based on this sale.
Overpaid
it'll be interesting to see if the new owners decide to tear down and rebuild
Be warry folks. This was a private equity firm.
I see your channel keeps growing now over 70k subscribers, including me. Congrats Brodie!
A stale, boring league that is walking dead. NBA= nothing but aholes
I think a big reason why major league pro sports franchises continue to sell for higher and higher prices is because there are more extremely rich / billionaires in America than ever before and team ownership is a very exclusive club: 32 NFL, 32 NHL, 30 NBA (soon to be 32), and 30 MLB. The number of billionaires will continue to rise, but The Big Four major league pro sports expands very slowly and extremely wealthy people don't live forever, so they need to act while they can.
And yet the minimum wage hasn’t been increased in 15 YEARS! Tax cuts for Billionaires!🤔
Dude sold high!
I have $846. Like…total