Aditya Mittal, the CEO of steel giant ArcelorMittal, has agreed to invest $1 billion into a group purchase of the Boston Celtics, Sportico and Bloomberg reported Thursday.
A member of one of India's wealthiest families, Mittal reportedly could become the second-largest stakeholder of the Celtics and potentially serve as the alternate governor down the road.
The top stakeholder will be William Chisholm, whose group reached a deal to purchase the Celtics in March for a whopping $6.1 billion -- the highest price tag in U.S. sports team history. Chisholm, a private equity firm executive, is expected to take over as team governor after the 2027-28 season.