It Celts break of records Sale of $ 6.1 billion to a group led by Bill Chisholm The NBA Governing Council is voted on by the end of this month.
Chisholm finished financing his Boston Property group last month with Robert Hale, Bruce A. Beal Jr. and Sixth Street among the well -known investors of the group. The Chisholm group will have a control participation in the franchise in the first part of a two -part sale with 51 percent of the sale this summer and with the rest of the closure in 2028.
The sole arrangement caused a discussion as to whether this type of two -party sale would be approved by the league after a tumultuous transfer of ownership by the Timberwolves of Minnesota for the last two years. The NBA curator, Adam Silver, said in March that the league was still digesting the transaction.
However, any concern from the league’s perspective on the structure of the Celtics Agreement was restored this week when Silver was asked about the online transaction and how he compared to the sale of Wolves before match 1 of the NBA finals.
I would only say that the Boston Celtics agreement does not think as a scenario agreement, “Silver said.” Are still in the process of completing it. It really is a removal of current property. I think Bill Chisholm, who is the incoming owner, has to solve some matters of his life and business. It is currently on the West Coast. I think he is a huge admirer of Wyc Griusbeck and in the way he has been leading this team. Obviously, their results speak for themselves. “
It is expected that Grousbeck will continue to be governor of the Celtics team until 2028, as he has a participation in the team before Chisholm controls total control.
“What he is working with Wyc is an opportunity for him, as I said, to learn the Wyc business, then as the main owner, the team governor,” added Silver. “There would be no change forward.
“I think in the situation of Minnesota, yes, as I said before, I mean, it is not ideal to have these types of staged transactions. But you also learn that it is good to say these principles, but we were in the middle of the pandemic and Glen Taylor was in the process of selling his team. We all accepted something that seemed to make sense at the moment.”
The NBA Governing Board will vote to approve the sale of Celtics after the NBA final concludes.