Wyc Grousbeck stake in Celtics expected to be reduced to three percent in 2028

[ASFN Admin]

Aditya Mittal, chief executive of a global steel giant, had explored a bid to become lead governor but eventually backed Chisholm with a $100 million commitment. Mittal’s interest swelled during visits to Boston, though, and he upped his stake to $1 billion and became alternate governor. Pagliuca also released investors from his group, allowing them to join Chisholm. And Wyc Grousbeck, who remains a visible presence within the franchise, wound up with a 13 percent stake. It will be reduced to about 3 percent when the second phase of the deal closes in 2028.

Boston Globe

This article originally appeared on Hoops Hype: Wyc Grousbeck stake in Celtics expected to be reduced to three percent in 2028

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