Another American sports franchise has been sold for yet another record price.
Bill Chisholm, managing partner at Symphony Technology Group, has agreed to purchase the Boston Celtics from the Grousbeck family for $6.1 billion, sources told ESPN. It’s the largest ever sale of an American sports franchise, surpassing the mark of $6.05 billion set by the Washington Commanders in 2023. The deal comes at a time when the Celtics franchise is flourishing — they’re coming off a 2024-25 title and seem poised to make another deep playoff run.
This deal adds to a recent surge in franchise sales prices. Here’s a list of some of the most expensive franchise purchases in U.S. sports:
Washington Commanders
Sale price: $6.05 billion
This sale came after a period of turmoil and multiple investigations of former owner Dan Snyder, who was also fined $60 million after attorney Mary Jo White released her findings following a lengthy investigation. The new owners were a group led by Josh Harris, who — along with David Blitzer as part of the Harris-Blitzer Sports Entertainment group — also owns the Philadelphia 76ers and New Jersey Devils. The team finished the 2023-4 campaign with a 4-13 record but went 12-5 in the 2024-25 season after drafting Jayden Daniels as their new quarterback.
Denver Broncos
Sale price: $4.65 billion
The Walton-Penner group’s $4.65 billion purchase of the Broncos in 2022 was the record sale price for an NFL team by more than $2 billion before the Commanders sale went through. Previously, former Carolina Panthers owner Jerry Richardson had sold his franchise to billionaire David Tepper for $2.275 billion in 2018.
Rob Walton’s net worth is $57.9 billion, according to Forbes. His cousin and another Walmart heir, Ann Walton, is the wife of Los Angeles Rams owner Stan Kroenke. Kroenke also owns three Colorado sports teams: the NBA’s Denver Nuggets, NHL’s Colorado Avalanche and MLS’ Colorado Rapids.
Phoenix Suns and Mercury
Sale price: $4 billion
The combined sale, which got league approval in February, set a new high-water mark for NBA franchises by more than $1.5 billion compared to what the Brooklyn Nets sold for in 2019. New owner Matt Ishbia was a walk-on for Michigan State and part of the Spartans’ 2000 national championship team.
New York Mets
Sale price: $2.4 billion
The Mets had the honor of having the most expensive team sale in American sports until the Broncos came along. In 2020, hedge fund manager Steve Cohen purchased the Mets for $2.4 billion. The Los Angeles Dodgers previously held the mark for the most expensive MLB team sale when they sold for $2 billion in 2012.
Cohen is the founder of Point 72 Asset Management and now-defunct SAC Capital Advisors.
Brooklyn Nets
Sale price: $2.35 billion
In 2019, Alibaba co-founder Joe Tsai bought the Nets for $2.35 billion from Russian billionaire Mikhail Prokhorov. Tsai already had secured 49% ownership from Prokhorov in 2018 but accelerated the timeline for full ownership. Along with the then-record purchase for Brooklyn, Tsai also purchased Barclays Center, the Nets’ home arena, in a separate transaction for roughly $1 billion.
Brooklyn isn’t the only New York-based sports team Tsai owns. He bought the WNBA’s New York Liberty franchise in January 2019.
Carolina Panthers
Sale price: $2.275 billion
The Panthers became available for sale following the 2017 NFL season after sexual harassment and workplace misconduct accusations were made against Richardson. Tepper, whose net worth is $16.7 billion according to Forbes, bought the team for $2.275 billion. Before taking over Carolina, Tepper had a 5% ownership stake in the Pittsburgh Steelers.
The Appaloosa founder also spent $325 million in 2019 to bring MLS its 30th team, Charlotte FC.
Houston Rockets
Sale price: $2.2 billion
Former Rockets owner Leslie Alexander sold the team to Texas native and billionaire Tilman Fertitta for $2.2 billion in 2019. Fertitta grew up in Galveston, Texas, and was a regular attendee at Houston’s games before buying the franchise.
According to his website, he is the sole owner of Fertitta Entertainment, which owns the restaurant giant Landry’s, the Golden Nugget Casinos and Hotels and the Rockets. Fertitta also has his own TV show on CNBC called “Million Dollar Buyer.”
Source: espn.com