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 future,” per Sportico. Current Celtics governor Wyc Grousbeck plans to remain in his role through the 2027-28 season before giving way to Chisholm.
Mittal is a native of India and lives in London, according to his ArcelorMittal bio. He earned a bachelor’s degree from the Wharton School at the University of Pennsylvania in 1996, the same year Chisholm completed his master’s of business administration at Wharton.
In a statement to Sportico, a spokesperson for Mittal said Grousbeck and Chisholm approached the 49-year-old about investing in the Celtics.
“Aditya has long been a huge supporter of the Boston Celtics,” the statement read. “When Wyc and Bill approached Aditya, he saw it as a tremendous opportunity to get involved with this incredible team. Obviously he remains super focused on ArcelorMittal and also very much looks forward to supporting the team further.”
Mittal’s father, Lakshmi Mittal, is the executive chairman of ArcelorMittal and has a net worth of $18.1 billion, according to Forbes.
The Celtics’ new ownership group, which was finalized earlier this month, also includes current minority owner Robert Hale, Bruce A. Beal Jr., and private equity firm Sixth Street Partners. The NBA’s Board of Governors is expected to officially approve the sale in June or July.
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