Celtics' $6.1 Billion Sale Faces Regulatory Concerns
Celtics' $6.1 Billion Sale Faces Regulatory Concerns

Celtics' $6.1 Billion Sale Faces Regulatory Concerns

News summary

The proposed $6.1 billion sale of the Boston Celtics to Bill Chisholm is facing scrutiny due to potential violations of NBA rules regarding private equity ownership. Reports indicate that Chisholm may have committed less capital to the deal than Sixth Street Partners, a private equity firm that cannot hold a larger stake than the primary owner, as per league regulations. NBA Commissioner Adam Silver confirmed that the deal is still under review and emphasized that no changes to these rules will be made for Sixth Street. Current Celtics owner Wyc Grousbeck is expected to remain in control until the end of the 2027-28 season, but the complexities of the ownership structure could delay final approval. Chisholm's financial standing remains unclear, raising further questions about his ability to meet NBA ownership requirements. The situation continues to develop as stakeholders explore solutions to comply with league regulations.

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