Will the new Boston Celtics stakeholders have a say in how the team is run?
Will the new Boston Celtics stakeholders have a say in how the team is run?
The Boston Celtics have sold the storied franchise to billionaire private equity investor Bill Chisholm, and news recently broke that he managed to secure the deal with a significant stake from Indian steel magnate Aditya Mittal, who reportedly chipped in a cool billion dollars to help Chisholm get his investor group's purchase bid across the finish line.
There have been rumbles that Mittal could become the team's alternate Governor after becoming the second-largest individual stakeholder, and a significant portion of the team is also owned by a private equity group backing Chisholm. This raises the important question of who will be calling the shots for how the team is run in the short term future, especially given the hefty payroll and tax bill soon to arrive with Boston's star player, Jayson Tatum, sidelined next season.
The hosts of the CLNS Media "Garden Report" podcast, Bobby Manning, Noa Dalzell, A. Sherrod Blakely and John Zannis took some time on a recent episode of their show to talk it over. Check it out in the clip embedded below!
If you enjoy this pod, check out the "How Bout Them Celtics," "First to the Floor," and the many other New England sports podcasts available on the CLNS Media network: https://ytubl.ink/3Ffk
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