Boston Celtics Sold for Record-Breaking $6.1 Billion

Paco Dennis

Paco Dennis

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Tall guys, round ball, get in hoop. Very, VERY, IMPORTANT!

American sports history was made Thursday when the Grousbeck family sold the Boston Celtics to California private equity executive Bill Chisholm. The team was sold for the first time in two decades at a $6.1 billion valuation, marking the largest sale price for a North American sports team in history.

Lifelong Celtics fan Chisholm has assembled a strong group for this purchase, including current Celtics owner Rob Hale, Bruce A. Beal Jr. (president of Related Companies), and Sixth Street, a global investment firm.

“I understand how important the Celtics are to the city of Boston – the role the team plays in the community is different than any other city in the country,” Chisholm said in a statement. “I also understand that there is a responsibility as a leader of the organization to the people of Boston, and I am up for this challenge.”





This sale comes at a pivotal time for the Boston Celtics, who are competing for their second championship in this era. With over $400 million allocated to their roster, and as the NBA luxury tax and salary cap continue to fluctuate, major decisions will need to be made. This record-breaking sale further sets the market for the escalating cost of owning a North American sports franchise.

The NBA is a league experiencing significant global growth, and the valuation of a team with both national and international appeal expands opportunities for merchandise, events, and activations, allowing franchises to create lucrative long-term revenue streams.

https://balleralert.com/profiles/bl...illion/?utm_source=dlvr.it&utm_medium=bluesky
 

It’s a business. 🤷‍♀️

The money involved in college and professional sports doesn’t concern me until the "Hoi polloi" are expected to subsidize stadiums, infrastructure, etc… through taxes.

I realize that these sports franchises generate revenue for local businesses but I’m not convinced that there is much benefit to the great unwashed who help to foot the bill.
 
I used to be a Celtics fan. During the Auerbach and Tommy Heinsohn days. Man, what a team. I watched the playoffs and the championship game that the Celtics won. Havlicek and Cowens were awesome. Nobody shoved Dave Cowens around. I continued to follow them through the 80’s.

I was in Boston and went to the Garden 6 times during that era and I had very good seats thanks to a friend up their that I was with in the Marines. During my first visit, his dad gave up his ticket so I could go to the game. While there, I signed up for advanced tickets for the next year. In June, I received the ticket form for the 1976 season. Heinsohn put on a show of his own. I also got to at least see Red Auerbach.
 
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oldman said:
I used to be a Celtics fan. During the Auerbach and Tommy Heinsohn days. Man, what a team. I watched the playoffs and the championship game that the Celtics won. Havlicek and Cowens were awesome. Nobody shove Dave Cowens around. I continued to follow them through the 80’s.

I was in Boston and went to the Garden 6 times during that era and I had very good seats thanks to a friend up their that I was with in the Marines. During my first visit, his dad gave up his ticket so I could go to the game. While there, I signed up for advanced tickets for the next year. In June, I received the ticket form for the 1976 season. Heinsohn put on a show of his own. I also got to at least see Red Auerbach.
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My agent husband presented me one day with lifetime season tickets to the Washington Bullets. I love(d) basketball and so I was very happy. Third row back aisle seats and some wonderful times!
 
Dave03 said:
I stopped watching when Larry Bird retired.
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The strange thing about Bird was, (at least in my opinion), he really didn't get a whole lot of recognition until after he retired. He did get accolades while playing, but a few years after he retired, there was a lot more talk and pats on the back for his years in the NBA. Even today, his name often comes up during either a pregame report before a game or during halftime.
 
He will inherit a 400 million dollar a year payroll. The blah about Global growth means fewer games for domestic fans.

In the end yes those numbers help contribute to a 10 dollar Coke , 15 dollar beer and 7 dollar hot dog. Along with the 40 to park and 200-300 cable package.
 
We also got the concert tickets we wanted. They would just 'be there' when he went in to work. The one concert we went to that I thought I'd like was Billy Joel. Again, best seats in house. Right before Joel hit the stage the background music began----the soft then building sounds of a helicopter in flight and it was so scary I forgot what song it was...I turned to my left and saw tears running down my hb's face, his jaw clenched. He was a flight medic in Nam.

I ws so mad at Joel for doing that. There were so many other ways he could have begun the concert.
 

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