JOURNAL ARTICLE

NBA Owners Approve Chisholm, Mittal's $6 Billion Celtics Deal.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Williams, Randall 3 of 3

Abstract

The article focuses on the $6.1 billion purchase of the Boston Celtics by Bill Chisholm from the Boston Basketball Partners, which was approved by NBA owners. The deal, initially agreed upon in March, was finalized with contributions from Aditya Mittal, CEO of ArcelorMittal SA, and private equity firm Sixth Street Partners, each providing $1 billion. The previous ownership group, led by Wyc Grousbeck, sold the team for estate and family planning reasons, having originally purchased it for $360 million in 2002. Despite the Celtics' success as a franchise, holding a record 18 championships, they face challenges such as a high payroll and not owning their arena, TD Garden, which limits revenue opportunities from events beyond basketball. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/08, pN.PAG
  • Document Type:Article
  • Subject Area:Sports and Leisure
  • Publication Date:2025
  • Accession Number:187316365
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