When the March 14 deadline arrived, Chisholm submitted his final bid at an initial valuation of $6.1 billion, which would increase to approximately $6.6 billion when the second part of the deal closes in 2028, thanks in large part to the media rights windfall. Sources said the bid from Middleman was $100 million less than Chisholm, while Pagliuca trailed by about $500 million. But Pagliuca’s offer was fully funded, sources said, and despite Chisholm’s massive $1 billion pledge from the private equity firm Sixth Street, he had less guaranteed capital.
Boston Globe
This article originally appeared on Hoops Hype: Sources said the bid from Middleman was $100 million …
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