The Grousbeck family has an agreement in place with Symphony Technology Group co-founder William Chisholm, in which Chisholm is expected to purchase the Boston Celtics for a record $6.1 billion.
The deal, which was announced in March, is still pending league approval. And, as Shirley Leung of the Boston Globe explained in a recent column, Chisholm is one of many investors who will make up the new ownership group.
Chisholm, as lead governor, would have to own at least 15 percent of the team according to NBA rules. Aditya Mittal, CEO of steel giant ArcelorMittal, has reportedly committed a $1 billion dollar investment in the team and is expected to become an alternate governor.