Is there a potential snag in the Boston Celtics sale looming? Perhaps, but it is not yet time to hit alarm bells based on what we are seeing in the reporting from Axios business editor Dan Primack in a recent article on the topic. Per Primack, the purchase of the team by private equity magnate Bill Chisholm from current majority owners Wyc and Irv Grousbeck is at risk of running afoul of NBA rules regarding the permitted percentage of private equity ownership.
It seems that Sixth Street Partners, a contributing investor in Chisholm's bid, currently represents an unallowable amount of the overall percentage of the funds being used to purchase the team from the Grousbecks.