Boston Celtics secure $1 billion investment from Indian steel tycoon Aditya Mittal in historic $6.1 billion sale
Boston Celtics
are set for a transformative ownership shift after Indian steel magnate
Aditya Mittal
committed a staggering $1 billion to the franchise. This investment is part of a landmark $6.1 billion sale led by private equity executive William Chisholm, marking one of the most expensive team acquisitions in NBA history.
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Aditya Mittal becomes second-largest stakeholder in the Boston Celtics
Aditya Mittal, CEO of global steel leader ArcelorMittal and son of billionaire Lakshmi Mittal, will emerge as the
' second-biggest owner after Chisholm. Mittal's involvement bridges a crucial funding gap for Chisholm's ownership group and positions him for a potential role as alternate governor in the future.
Boston Celtics Jayson Tatum (Image via Getty).
Key details about the ownership transition:
- Primary investor: William Chisholm will take over as team governor after the 2027-28 season, succeeding current governor Wyc Grousbeck.
- Mittal's role: While remaining ArcelorMittal CEO, Mittal will bring his business expertise to the Celtics' strategic decisions.
- Governance shift: The Grousbeck family, who guided the team to four Finals appearances since 2002, will relinquish their majority stake.
Why the Boston Celtics sale comes at a critical juncture
The ownership change arrives during a pivotal offseason for the Celtics. After a second-round playoff exit and concerns over
injury, the franchise faces roster adjustments and financial challenges. Aditya Mittal's investment provides stability and resources to navigate:
- Luxury tax implications
- Offseason roster moves
- Long-term championship contention
A Mittal spokesperson called the Boston Celtics investment a 'tremendous opportunity,' emphasizing his commitment to both the NBA franchise and his corporate leadership role. (H/t
)
The NBA Board of Governors is expected to approve the sale this summer, solidifying the Celtics' valuation as a benchmark in professional sports.
The deal also highlights the growing trend of international investors entering American sports ownership.
With Aditya Mittal's $1 billion backing, the franchise gains not only financial muscle but also global business acumen. The new ownership group will focus on:
1. Stabilizing the team's competitive future
2. Managing salary cap challenges
3. Leveraging Mittal's international network for brand growth
Also read:
The Celtics' $6.1 billion sale sets a new precedent, proving that elite NBA franchises remain lucrative assets for high-profile investors.
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