Under the spotlight in France due to a vast relocation planthe steel giant ArcelorMittal is preparing to make a remarkable entry into the world of US sport since according to Sporto and Bloombergthe firm decided to invest $ 1 billion in the acquisition of Celtics.
Coming from one of the richest families in India, Aditya Mittal would become the second largest shareholder in the franchise. He is also expected to occupy the role of alternate “flesh” in the coming years, thus confirming, a little more, the growing influence of international funds in the US sports leagues.
Annual turnover? $ 68 billion!
Estimated at $ 6.1 billion, the acquisition of Celtics was concluded last March by William Chisholm, a major figure in the investment capital sector. This amount represents the biggest acquisition in the history of American sport, all disciplines combined. Chisholm is called upon to become the “flesh” of the team after the 2027-2028 season, succeeding the current owner, Wys Groubeck.
Aditya Mittal is the son of Lakshmi Mittal, Executive President of ArcelorMittal – the world's largest producer of steel and ore, with an annual turnover estimated at $ 68 billion.
