NBA approves Celtics sale at record $6.1 billion valuation

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BOSTON -- The NBA Board of Governors on Wednesday unanimously approved the sale of the Boston Celtics to a group led by private equity mogul Bill Chisholm, a deal that values the franchise at more than $6.1 billion -- the largest ever for an American professional sports team.

The league said the transaction is expected to close shortly. When it does, Chisholm will take ownership of at least 51% of the team, with full control coming by 2028 at a price that could bring the total value to $7.3 billion.

The previous record for a U.S. sports franchise was the $6.05 billion paid for the NFL's Washington Commanders in 2023. The record price for an NBA team was the $4 billion…