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Celtics' mega $8b sale sets record for sports deal

The Straits Times

|

March 22, 2025

National Basketball Association (NBA) champions the Boston Celtics are being sold to a group headed by a California private equity mogul for US$6.1 billion (S$8.1 billion), a record price for a US sports franchise, the club's owners confirmed on March 20.

- AFP

WASHINGTON - National Basketball Association (NBA) champions the Boston Celtics are being sold to a group headed by a California private equity mogul for US$6.1 billion (S$8.1 billion), a record price for a US sports franchise, the club's owners confirmed on March 20.

Boston Basketball Partners LLC said in a statement it had agreed to sell the iconic team to the consortium led by William Chisholm, managing director and co-founder of Symphony Technology Group.

"If approved, the new ownership group will buy a majority of the team this summer at an initial valuation of US$6.1 billion," the statement said.

That would surpass the US$6.05 billion paid for the National Football League's Washington Commanders in 2023.

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Chinese H-6K bombers fly near Taiwan ahead of Trump-Xi meet

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Kohli, 36, fights an age-old battle: Talent v time

This is an old story. A story about talent, longevity and defiance. A story about how, for all the shining confidence of champions, time humbles them all. A story which starts by clarifying an untruth.

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'MASSIVE WIN' MOST VALUABLE FOR ARTETA

Gunners overcome difficulty of beating Palace while on a tough stretch of games

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IT'S ONE WEEKEND AT A TIME: NORRIS

Relaxed Briton to focus on himself as he leads by 1 pt from Piastri, with 4 races left

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The 'sleeper issue' at the heart of Trump's trade war

How his govt decides the origin of goods could blow up laboriously negotiated deals

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Anti-scam probe • S’pore firm sanctioned

Khoon Group, a Singapore investment holdings firm, has been sanctioned by the US Treasury’s Office of Foreign Assets Control over its links to Cambodian national Chen Zhi.

time to read

1 min

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Not another work e-mail with exclamation marks!

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Sweeping 4 golds is 'incredibly special' for Kai

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time to read

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