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American sports history was in American sports history when the Grousbeck family sold the Boston Celtics to California private equity executive Bill Chisholm on Thursday. The team sold for the first time in two decades at a valuation of $6.1 billion, marking the largest selling price of North American sports teams in history. Celtics fan Chisholm provides a strong group for the purchase, including current Celtics owner Rob Hale, Bruce A. Bruce A. Beal A. Beal Jr. (President of Six Street), a book on global investment, a global one. “The drama in the community is different from any other city in the country,” Chisholm said in a statement. “I also learned that as a leader of the organization has a responsibility to the people of Boston, and I worked hard for this challenge.” The deal was a crucial moment for the Boston Celtics, who competed for a second championship in this era. More than $400 million has been allocated to their roster, and major decisions will be required as the NBA’s luxury tax and salary cap fluctuates. This record sale further launched the market for the cost upgrade of owning a North American sports franchise. The NBA is a league that has experienced huge global growth and the valuation of teams with domestic and international appeal expands the opportunities for commodities, activities and activations, allowing the franchise to create a profitable long-term revenue stream.
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