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private equity ownershipCeltics Wire
•Sports
Sports
79% Informative
Axios business editor Dan Primack says there is a potential snag in the Boston Celtics sale.
The purchase of the team by 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 represents an unallowable amount of the overall percentage of the funds being used to purchase the team from the Grousbecks .
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