Dolan, Manfred To Discuss Chief Wahoo Logo Tigers, Phils Adding Baseball Analytics Execs Dombrowski Has No Answers About New GM Celtics Name New Facility After Red Auerbach Dolans Elated With Indians Reaching World Series Vegas NHL President Takes On Unique Task NBA Kings Buy Controlling Interest In D-League Affiliate Sources: Mark Davis To File Vegas Papers In January Raiders' Davis Earns Respect Of Other Owners Bon Jovi Dispels Rumors He Wants To Buy Titans
CELTICS PARTNERSHIP ASSETS TAKE A BIG JUMP IN '94
Published December 14, 1994
The Boston Celtics Limited Partnership "dramatically beefed up its financial clout in a three-month period this year, virtually doubling its assets to $206 million," according to a report in today's BOSTON HERALD. The partnership borrowed $85M from Shawmut Bank between June 30 and September 30, and put the funds into short-term investments. The team "is apparently making use of the expected windfall from the pending sale" of WFXT-TV to Fox Television Stations Inc., which is currently tied up by NBC's FCC probe of Fox. Partnership and team execs "declined to elaborate on the likely uses of the added financial clout" (Steve Syre, BOSTON HERALD, 12/14).