The NBA on Wednesday approved the sale of the Boston Celtics to an investment group led by Bill Chisholm, five months after the deal worth a then-record $6.1 billion was agreed.

"The NBA Board of Governors has unanimously approved the sale of the controlling interests in the Boston Celtics to an investor group led by Bill Chisholm," the league said in a brief statement.

"The transaction is expected to close shortly."

Chisholm is the managing director and co-founder of Symphony Technology Group. When he and his co-investors agreed to purchase the storied Celtics franchise "at an initial valuation of $6.1 billion," that was the highest ever offered for a North American sports team.

It has since been surpassed by the $10 billion sale, in June, of the Los Angeles Lakers by the Buss family

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