US Edition
Report: Celtics Sale Gets $1B Investment From Indian Steel Giant
- Aditya Mittal, CEO of ArcelorMittal, is committing $1 billion to William Chisholm’s upcoming acquisition of the Boston Celtics scheduled for March 2025.
- Chisholm leads the acquisition to become governor after the 2027-28 NBA season, replacing longtime owner Wyc Grousbeck, while Mittal is expected as a major stakeholder.
- The deal, pending NBA Board of Governors approval this summer, values the Celtics at a record $6.1 billion and marks the most expensive professional sports team sale.
- A spokesperson said Mittal called joining the Celtics group a "tremendous opportunity" and he remains focused on ArcelorMittal while looking forward to further team support.
- Mittal’s investment completes the group’s funding for the Celtics purchase, positioning him as the second-largest stakeholder and a possible candidate to serve as an alternate governor down the line.
19 Articles
19 Articles
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.
New Boston Celtics co-owner revealed after $1 billion investment (report)
More details are starting to come out from the Celtics’ sale to William Chisholm and the incoming new ownership group. Per Sportico, a member of one of India’s richest families is investing $1 billion as part of the Celtics. Aditya Mittal, CEO of ArcelorMittal, will reportedly be the second-largest stakeholder of the Celtics.
Coverage Details
Bias Distribution
- 38% of the sources are Center, 38% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
