Bay Area tech investor Bill Chisholm has agreed to purchase the Boston Celtics for a record $6.1 billion — the most ever paid for any North American sports franchise, just edging out the $6 billion paid for the NFL’s Washington Commanders, reports Shams Charania of ESPN.
The sale still needs to be approved by the NBA Board of Governors (the other owners) but is expected to go through.
Chisholm is purchasing a championship team — Boston won the NBA title a season ago and is among the favorites to win this season. The team is set up to contend for seasons to come, but it’s going to get very expensive for ownership to keep the team at that level.