As the Celtics transition to Bill Chisholm as their new owner, plenty has been written about the top guy leading the organization. The C’s were sold to Chisholm and his ownership group for a then-record $6.1 billion back in March. The sale became official once the NBA’s Board of Governors unanimously approved the deal .
But aside from Chisholm, there are other new faces when it comes to the ownership group. The Celtics detailed those new faces in their news release Tuesday as they welcomed in a new era for the organization. Of note, Wyc Grousbeck is a familiar name as he will remain as a co-owner, CEO and alternate governor of the organization going forward.
“This truly is a dream come true for me and my family,” Chisholm said in a statement. “I feel so fortunate to be here as part of this new investor group, who are accomplished, driven people who care deeply about the Celtics and the Boston community. On behalf of our group, I am thrilled to partner with Wyc, Brad Stevens and Rich Gotham to move this outstanding organization forward. We are committed to building on the legacy of the Celtics and raising banners, and I can’t wait for the team to get back out there this fall.”
Aditya Mittal is also another prominent name to know when it comes to the Celtics ownership structure. He will serve as an alternate governor and, per Sportico, he invested $1 billion into the Celtics and is the second-largest stakeholder. Mittal is the CEO of ArcelorMittal and a member of one India’s richest families.
Another returning name is Rob Hale, who was also a minority owner. He is the founder and CEO of Granite Telecommunications. He was complimentary of Chisholm after the sale was announced a few months ago and has been a known Celtics co-owner throughout the sales process.
Bruce Beal is a Boston native and president of Related Companies, a real estate developer. Beal also has a stake in the NFL’s Dolphins and has a relationship with Patriots legend Tom Brady. Beal and Dolphins owner Stephen Ross were fined by the NFL after they were caught tampering with Brady during the quarterback’s playing career.
Andrew Bialecki is a CEO and co-founder of Klaviyo, a marketing platform for Ecommerce businesses. He also graduated from Harvard. Dom Ferrante is managing partner of The Ferrante Group, a private investment firm.
Ian Loring is senior managing director Haveli Investments, a private equity fund based out of Texas that focuses on gaming and tech. Mario Ho is the son of casino magnate Stanley Ho and he is known as the youngest founder of a Nasdaq-listed company in Asia. He also graduated from MIT.
Notably, Sixth Street, a private equity firm, is a “major participant” of the investment group. NBA rules stipulate that private equity firms can own up to 20% of a franchise. Per Sportico, Sixth Street owns about 12.5% of the team. Sixth Street also has a stake in the Spurs.
“I specifically want to thank Wyc, Steve Pagliuca and their group for their stewardship of the Celtics for the past 23 years,” Chisholm said. “As a fan, I am so grateful for what they have done for the Celtics and the community.”
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