A Historic Sale

This transaction marks the highest amount ever paid for a North American sports franchise. The Celtics ownership group, led by Wyc Grousbeck, announced last June—just weeks after the team secured its record 18th NBA championship—that the franchise was being put up for sale due to estate and family planning considerations. The Grousbeck family originally purchased the team in 2002 for $360 million.

Chisholm’s Local Ties and Ownership Group

Chisholm, a Dartmouth graduate and Georgetown, Mass., native, has been a lifelong Celtics fan. Despite Symphony Technology Group being based in California, Chisholm owns a home on Nantucket and reportedly plans to purchase a residence in Boston.

The new ownership group includes several notable figures from Boston’s business community, including current Celtics co-owner Robert Hale, Bruce Beal Jr. (president of Related Companies), and global investment firm Sixth Street.

Competitive Bidding Process

For months, Celtics co-owner Steve Pagliuca was the only person to publicly express interest in bidding for the team. However, in the final stages, a group of contenders emerged, including Chisholm, Pagliuca, Philadelphia Phillies co-owner Stan Middleman, and The Friedkin Group.

NBA Players’ Reaction

While the sale process unfolded, Celtics players largely remained detached from the negotiations. However, All-Star forward Jayson Tatum emphasized the importance of maintaining the franchise’s stability and culture.

“I trust [Grousbeck] and those guys in their decision. We’ve worked hard to build something special, and I trust they’ll make the right decisions in choosing the next ownership group,” Tatum said.

Financial Challenges Ahead

Chisholm inherits a franchise with a record payroll and looming financial challenges. The Celtics do not own TD Garden, which is controlled by Delaware North, the company run by longtime Bruins owner Jeremy Jacobs. Additionally, player salaries and luxury-tax implications pose a significant financial burden:

• Jayson Tatum signed a record-breaking five-year, $315 million contract last summer.
• Jaylen Brown is in the second year of his five-year, $304 million deal.
• Derrick White recently secured a four-year, $126 million contract.

By the 2025-26 season, Tatum and Brown will each earn over $50 million, with the Celtics projected to pay over $200 million in luxury tax. Their payroll and tax obligations are expected to be the highest in NBA history.

What’s Next?

Pending league approval, Chisholm will take the reins of one of the NBA’s most storied franchises. With a championship-caliber roster in place, his challenge will be navigating the financial landscape while sustaining the team’s success on the court.

Source: BostonGlobe – Celtics sold to William Chisholm, California private-equity director, for $6.1 billion

The post Boston Celtics Sold for Record $6.1 Billion to Private-Equity Executive appeared first on Journos News - Breaking News, World News, Top Stories, Todays Headlines and Flash Reports.

Curry Shines with 27 Points, 9 Assists, 7 Rebounds, and 4 Steals

Stephen Curry led the Golden State Warriors to a thrilling 118-112 victory over the defending champion Boston Celtics in Boston on Wednesday. Curry filled up the stat sheet with 27 points, nine assists, seven rebounds, and four steals. This is the fifth time in his career he’s achieved these numbers in a single game. With this win, the Warriors extended their winning streak to five games, remaining undefeated on the road while snapping Boston’s three-game winning streak and handing the Celtics their first home loss of the season.

Warriors’ Defense Turns the Game Around

The Warriors initially trailed by 11 points but managed to flip the deficit into an 11-point lead by halftime. Celtics guard Derrick White started strong, scoring 12 of Boston’s first 14 points. However, the Warriors’ defense held White scoreless for the rest of the first half and limited Boston to 35.1% shooting (13-for-37). Golden State’s aggressive defense targeted Jayson Tatum, holding him to 2-for-7 shooting and forcing him into four turnovers in the first half. The Celtics had just seven assists and committed ten turnovers in the opening 24 minutes.

Celtics Rally in Third Quarter, Curry Responds

Boston came alive with a 40-point third quarter, fueled by Tatum’s 17 points on 5-for-7 shooting and four three-pointers. Curry countered with 11 points in the quarter, helping the Warriors maintain a slim lead. In the fourth, Curry added another 10 points and assisted on a critical Buddy Hield three-pointer to push Golden State’s lead to seven with under a minute left. Curry’s two-way performance, facing top defenders like Derrick White and Jrue Holiday, proved essential for the Warriors.

Kyle Anderson Finds His Groove

Kyle Anderson, who had only made three three-pointers in the Warriors’ first seven games, sank three consecutive threes in the second quarter. His shooting spree helped Golden State take their first lead, with Anderson finishing the half as the team’s leading scorer with nine points.

Looney’s Big Rebounds Make the Difference

Kevon Looney grabbed double-digit rebounds for the fourth time this season, including six offensive rebounds. Two of Looney’s offensive boards in the final minutes led to key second-chance points that secured the Warriors’ lead. Looney, who led the league in offensive rebounds two seasons ago, was crucial in Golden State’s closing moments.

Looking Ahead

The Warriors will take on the undefeated 9-0 Cleveland Cavaliers on Friday (4:30 p.m. PST).

Additional Highlights:

• Golden State is now 5-0 on the road, their best start since they began the 2015-16 season with 14 consecutive road wins. The Warriors have won 22 of their last 26 road games going back to last season.
• The Warriors’ 7-1 start is their best since the 2021-22 season when they opened 11-1.
• The team has used a different starting lineup in each of their six games this season.
• The Celtics’ 41-point third quarter included 10 three-pointers, matching a Warriors opponent record for most threes in a quarter.
• Stephen Curry’s 27 points moved him past NBA legends Charles Barkley and DeMar DeRozan on the league’s all-time scoring list.
• Buddy Hield contributed 16 points off the bench, hitting 4-of-7 from three. His 37 three-pointers are the most by a player in their first eight games with a new team.
• Moses Moody made his fourth start, scoring nine points and grabbing six rebounds in just 13 minutes.
• Kyle Anderson scored a season-high 11 points, including 3-of-4 shooting from three-point range.
• De’Anthony Melton missed his fifth consecutive game due to a back strain, and Brandin Podziemski was out with an illness.

Golden State Warriors Highlights vs. Boston Celtics

Stephen Curry Top Plays vs. Boston Celtics

Kyle Anderson sinks it from downtown

Source

The post Stephen Curry’s All-Around Performance Propels Warriors to Victory Over Celtics appeared first on Journos News - Breaking News, World News, Top Stories, Todays Headlines and Flash Reports.