boston celtics sale bill chisholm.

FILE - Lucky the Leprechaun, the Boston Celtics team logo, peers out from in between Celtics championship banners hanging in their new basketball team practice facility, Tuesday, June 19, 2018, in Boston. (AP Photo/Elise Amendola, File)

NBA approves sale of Boston Celtics to private equity mogul Bill Chisholm for $6.1 billion

The NBA has unanimously approved the sale of the Boston Celtics to a group led by private equity mogul Bill Chisholm. The deal was announced Wednesday and it values the franchise at more than $6.1 billion. Chisholm will take ownership of at least 51% of the team, with full control by 2028 at a price that could bring the total value to $7.3 billion. That’s a record price for an American professional sports team, though Los Angeles Dodgers owner Mark Walter has agreed to buy a share of the Lakers at a price that values the NBA franchise at $10 billion.

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