Mar. 20 at 2:38 PM
$MSGS $MSGE Chisholm group to buy NBA's Celtics for over
$6B, Sportico reports
A group led by William Chisholm and backed by private equity fund Sixth Street has reached an agreement to buy the NBA's Boston Celtics in what will be the most expensive pro basketball team sale in history, multiple people familiar with the agreement told Sportico's Scott Soshnick and Eben Novy-Williams. Chisholm has agreed to buy the team in two stages in a deal that values the team at
$6.1B in the first payment, according to the report, which adds that the deal carries a blended valuation of about
$6.6B, which will be "by far the most ever paid for control of an NBA team."
The NBA's New York Knicks are owned by Madison Square Garden Sports (MSGS), whose James Dolan serves as Executive Chairman and Chief Executive Officer of both MSG Sports and Madison Square Garden Entertainment (MSGE).
