BOSTON (AP) — The sale of the Boston Celtics was finalized on Tuesday, with private equity mogul Bill Chisholm taking over control of the NBA’s most-decorated franchise from a group led by Wyc Grousbeck that had owned them for more than two decades.
The team was put on the market last summer, soon after it won its record 18th NBA championship. Chisholm won the bidding in March with an offer that valued the franchise at more than $6.1 billion — a record price paid for an American professional sports team.
The NBA approved the deal unanimously last week, and the money changed hands on Tuesday.