US EditionReport: Celtics Sale Gets $1B Investment From Indian Steel Giant
- William Chisholm and his group agreed to purchase the Boston Celtics for a record $6.1 billion in March 2025, pending NBA approval.
- This sale involves an investment of $1 billion from Aditya Mittal, CEO of steel giant ArcelorMittal and son of Lakshmi Mittal, joining the ownership group.
- Chisholm will become the Celtics' governor after the 2027-28 NBA season, with Mittal possibly serving as alternate governor and second-largest stakeholder.
- The Celtics are entering an offseason of expected roster changes due to an expensive payroll approaching $500 million and luxury tax penalties.
- The new ownership and investment signal a major shift, while current governor Wyc Grousbeck will remain in position through the 2027-28 season.
20 Articles
20 Articles
Heir of $23 Billion Steel Magnate in India Joins Celtics New Ownership Group: Report
The Boston Celtics‘ new ownership group just received a $1 billion boost.Sportico reported on Thursday that Aditya Mittal, CEO of ArcelorMittal, joined the new ownership group led by William Chisholm with the massive investment.Sportico added that Mittal could also become the Celtics’ alternate governor as he is likely the second-largest stakeholder.Chisholm will take over as the team governor from longtime owner Wyc Grousbeck after the completi…
New Celtics co-owner revealed after reported $1B investment
A member of one of India’s wealthiest families reportedly is part of the Celtics’ incoming ownership group. Aditya Mittal, the CEO of steel manufacturing giant ArcelorMittal, invested $1 billion in the Bill Chisholm-led $6.1 billion purchase of the franchise, according to a report Thursday from Sportico. Mittal “will likely be the second-largest stakeholder” in the Celtics behind Chisholm and could “potentially be the alternate governor in the f…
Rockdale Citizen & Newton Citizen
Report: Celtics sale gets $1B investment from Indian steel giant
Aditya Mittal, the CEO of steel giant ArcelorMittal, has agreed to invest $1 billion into a group purchase of the Boston Celtics, Sportico and Bloomberg reported Thursday.
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