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16h ago

Aditya Mittal's $1 Billion Investment Completes Record $6.1 Billion Celtics Sale

The ArcelorMittal CEO's contribution finalizes funding for William Chisholm's acquisition, pending NBA approval in mid-2025.

Feb 28, 2025; Boston, Massachusetts, USA; The Boston Celtics logo is seen on the court beofre the game between the Boston Celtics and the Cleveland Cavaliers at TD Garden. Mandatory Credit: Winslow Townson-Imagn Images
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Overview

  • The Boston Celtics are set to be sold for $6.1 billion, marking the most expensive control sale in U.S. sports history.
  • Aditya Mittal, CEO of ArcelorMittal, has committed $1 billion to the purchase, becoming the likely second-largest stakeholder.
  • William Chisholm will assume the role of team governor after the 2027–28 season, with Mittal potentially serving as alternate governor.
  • The deal, initially agreed upon in March 2025, required weeks of fundraising to close the financial gap, now resolved with Mittal's investment.
  • The transaction awaits NBA board of governors' approval, expected in mid-2025, with existing minority owners like Sixth Street remaining involved.