A consortium led by private equity investor William Chisholm has agreed to take a majority stake in the Boston Celtics basketball franchise at a $6.1bn valuation, making it the most expensive US sport team ever sold.
The deal, which tops the $6.05bn valuation buyout tycoon Josh Harris paid in 2023 for the Washington Commanders franchise in the National Football League, could increase over the next three years under the terms of the transaction, said people briefed on the matter.
The Celtics are one of the best-known brands in sport. The team, which features multiple young star players, including Jayson Tatum and Jaylen Brown, won a record-breaking 18th NBA Championship last year, nudging one ahead of their longtime rivals, the Los Angeles Lakers.