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The NBA has unanimously approved the sale of the Boston Celtics to a group led by private equity mogul Bill Chisholm. The deal was announced Wednesday and it values the franchise at more than $6.1 billion. Chisholm will take ownership of at least 51% of the team, with full control by 2028 at a price that could bring the total value to $7.3 billion. That’s a record price for an American professional sports team, though Los Angeles Dodgers owner Mark Walter has agreed to buy a share of the Lakers at a price that values the NBA franchise at $10 billion.

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