NBA owners signed off on Bill Chisholm’s $6.1 billion purchase of the Boston Celtics from the Boston Basketball Partners, according to the league.
When the deal was first agreed to in March, it wasn’t fully financed. Aditya Mittal, the chief executive officer of steelmaker ArcelorMittal SA and son to billionaire Lakshmi Mittal, and private equity firm Sixth Street Partners both contributed $1 billion to help complete it.
The former ownership group, led by Wyc Grousbeck, originally purchased the team for $360 million in 2002. The group’s reasoning for selling was due to “estate and family planning ...