Aditya Mittal, the CEO of ArcelorMittal, has agreed to invest $1 billion in a group purchasing the Boston Celtics, potentially making him the second-largest stakeholder. The Celtics were purchased for a historic price of $6.1 billion by William Chisholm’s group, which is set to become the highest price in U.S. sports history. Although finances were still being arranged for Chisholm's group, Mittal's investment brings them closer to the required amount. Mittal is part of a prominent family connected to the steel industry and significant financial networks.
Aditya Mittal, the CEO of steel giant ArcelorMittal, has agreed to invest $1 billion into a group purchase of the Boston Celtics, potentially becoming the second-largest stakeholder.
Chisholm's 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.
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