Valuation 6.1 billion! The league officially approved! The second largest deal in the NBA has been completed

On August 14, the NBA officially announced that the league's board of directors officially approved the Celtics' equity transfer transaction. The consortium led by Chisholm acquired the Celtics at a valuation of $6.1 billion, and the deal was divided into two steps: first purchase of 51% of the Celtics this summer, and the rest will be completed in 2028.

This is the second largest team deal in NBA history, second only to the Lakers' $10 billion. The former Celtics boss Wake Grosbeck will no longer serve as the team's director and will be the team's CEO and substitute president. The new boss Chisholm will become the team's director and president. The acquisition was exposed as early as March and was only completed today.

In 2002, the Grosbeck family bought the Celtics for $360 million. In the past 23 years, the Celtics have reached the Finals four times and won the NBA championship twice (2008 and 2024). In the summer of 2024, when the Celtics won the championship, the team's valuation was at a high level, and Grossbeck immediately announced the sale of the team.

Why did Grosbeck sell his team? One of the important reasons is that several of their shareholders have disagreements about the team's overpaying. In the summer of 2023, the Celtics renewed their contract with Jaylen Brown for $304 million in five years. In the summer of 2024, the Celtics renewed their contract with Tatum for $315 million in five years. Break the NBA's single contract history record twice!

Grosbeck was too smart. He knew that the Celtics had great salary pressure in the next few years, so he hurriedly left. Of course, the new boss Chisholm is not a fool. He cleans up the space first after buying the team. This summer, the Celtics sent Holiday, Porzingis and others away in succession, and Stevens helped the bosses save $300 million.

In the past two and a half years, 7 NBA teams have changed hands: in 2023, the Hornets (3 billion US dollars); in 2023, the Bucks (3.5 billion); in 2023, the Mavericks (3.8 billion); in 2023, the Suns (4 billion); in 2025, the Celtics (6.1 billion); in 2025, the Lakers (10 billion); in 2025, the Trail Blazers (4.25 billion). Which team sold it and it surprised you the most?