Overview

• The deal remains subject to approval by the NBA’s board of governors, which can cast votes remotely and is expected to finalize the sale within two weeks.
• William Chisholm’s group struck a two-stage agreement in March to acquire controlling interest now and complete the phased buyout by 2028.
• Aditya Mittal is set to become the second-largest stakeholder and potential alternate governor, while private equity firm Sixth Street also joins under NBA equity caps.
• Wyc Grousbeck and Boston Basketball Partners LLC, who purchased the team for $360 million in 2002, will oversee operations until Chisholm assumes governance after the 2027–28 season.
• BDT & MSD Partners and JPMorgan Chase are coordinating the transaction as part of a record-setting wave of high-value sports franchise sales.