Boston Celtics Complete $6.1B Sale to Bill Chisholm-Led Ownership Including Mario Ho
Boston Celtics Complete $6.1B Sale to Bill Chisholm-Led Ownership Including Mario Ho

Boston Celtics Complete $6.1B Sale to Bill Chisholm-Led Ownership Including Mario Ho

News summary

The Boston Celtics have officially been sold for a record $6.1 billion to a new ownership group led by American private equity executive Bill Chisholm, marking the largest sale in American professional sports history until recently surpassed by the Los Angeles Lakers' valuation. Among the new co-owners is Mario Ho, the youngest son of the late Macau casino magnate Stanley Ho, who expressed great personal joy and pride in joining the franchise as a lifelong Celtics fan and one of the youngest NBA co-owners. Ho, a Massachusetts Institute of Technology graduate and founder of the Nasdaq-listed esports company NIP Group, joins a diverse ownership board including prominent investors from various industries. While the exact financial contributions of individual investors like Ho remain undisclosed, Chisholm maintains majority control of the team. Previous majority owner Wyc Grousbeck remains involved as co-owner, CEO, and alternate governor, ensuring continuity. This transition reflects a blend of sports, private equity, and international investment interests converging in one of the NBA's most storied franchises.

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