Tech mogul inks deal to purchase controlling share of Boston Celtics

Record deal for an American sports franchise will see value of the Celtics spiral over $7bn by 2028 

LOVIN THE GREEN: THE new majority owner of the Boston Celtics, Bill Chisholm (fifth from left) watching play off action at TD Garden with Boston Celtics co-owner Stephen Pagliuca (second from left), and governor Wyc Grousbeck (third from left).

The NBA has unanimously approved the sale of the Boston Celtics to a group led by private equity mogul Bill Chisholm, a deal that values the franchise at $6.1 billion (€5.2bn)

The league said the transaction is expected to close shortly. When it does, Chisholm will take ownership of at least 51% of the team, with full control coming by 2028 at a price that could bring the total value to $7.3 billion.