In This Article:
The NBA’s Boston Celtics are not being purchased for $6.1B by a group led by private equity investor William Chisholm, as was previously reported by Sportico, as the $6.1B figure is just the initial price for a majority stake, Axios’ Dan Primack reports. The final valuation after the deal for the team will reach $7.3B, the author says, citing sources familiar with the matter. The NBA’s New York Knicks are owned by Madison Square Garden Sports (MSGS), whose James Dolan serves as Executive Chairman and Chief Executive Officer of both MSG Sports and Madison Square Garden Entertainment (MSGE).
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