Report: Celtics sale expected to be finalized ‘within the next week or so’
Front Office Sports reports that prospective owner Bill Chisholm's group has the money to cover the deal.
The $6.1 billion dollar Celtics sale announced last March is expected be finalized within the “next week or so”, according to a report from Front Office Sports.
The deal is the largest in North American sports history. It surpassed the $6.05 billion-dollar deal for the Washington Commanders in 2023.
Prospective lead owner Bill Chisholm’s group has raised enough money to cover the cost of the deal, according to the report, which states that the group will acquire more than 51 percent of the team during the first part of the deal. The deal will reportedly be completed in two parts, with the second part expected to finish in 2028.
FOS reports that the team’s minority owners will have the option to keep their positions until 2028 if they so choose.
While the new ownership group is acquiring a controlling share of the team, current Governor Wyc Grousbeck is remaining in his role until 2028.
The deal structure is reportedly expected to be approved by the NBA’s board of governors.
According to Adam Himmelsbach of The Boston Globe, the final price tag of the deal is expected to rise close to $6.7 billion dollars because the shares sold in 2028 are expected to increase in value.
Chisholm has attended Celtics games both at home and on the road since the sale was announced.
Chisholm is a Georgetown, Mass. native who played soccer at Dartmouth while he was an undergrad. He is the co-founder and Chief Investment Officer of STG partners, a California-based private equity firm.
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