Reuters —

A group headed by Bill Chisholm is set to take control of the Boston Celtics after the NBA Board of Governors unanimously approved the sale on Wednesday.

The NBA wrote in a statement, “The transaction is expected to close shortly.”

The reported $6.1 billion valuation for the club makes it the second-largest sale price for a US sports franchise, behind the $10 billion valuation for the Los Angeles Lakers when Mark Walter purchased that team in June.

Chisholm and his partners are buying at least 51 percent of the Celtics. The ownership stake will increase in 2028, according to the purchase contract, when Chisholm’s group is scheduled to buy out the remaining minority shareholders at a $7.3 billion valuation.

According to multiple media reports, Chisholm will take over

See Full Page