Overview

• The NBA’s Board of Governors unanimously approved the deal last week, and Tuesday’s closing installs Chisholm as team governor with at least 51% control and a phased path to full control by 2028 at a blended value near $7.3 billion.
• Aditya Mittal becomes the second‑largest investor with about a $1 billion commitment, joined by Sixth Street, Bruce Beal, Rob Hale, Andrew Bialecki, Dom Ferrante, Mario Ho, and Ian Loring.
• Grousbeck’s stake fell below the league’s 15% threshold required for a lead governor, so he moves to alternate governor and will run day‑to‑day operations alongside Chisholm as CEO.
• The franchise is reshaping payroll under tougher CBA rules and Jayson Tatum’s Achilles absence, with exits that include Kristaps Porziņģis, Jrue Holiday, and Al Horford, and a multiyear extension for coach Joe Mazzulla.
• Former co‑owner Steve Pagliuca publicly congratulated the group and will retain an investment interest through the second stage of the transaction targeted for 2027–28.