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CELTICS STOCKHOLDERS NOT PHASED BY TEAM'S RECENT MOVES
Published June 22, 1995
Despite "jeers" over the decision to name M.L. Carr as coach, publicly traded units of the Boston Celtics Limited Partnership "barely moved" on Tuesday, according to Steven Syre & Tom Nutile of the BOSTON HERALD. One reason is that there are enough "set, guaranteed or sure-thing" revenue lines that make the Celtics "financially bulletproof" for a couple of years. Money from the sale of WFXT-TV is "almost in hand," NBA TV contracts and expansion fees are just a few of the sources of steady income for the team. In addition, the Celtics will play in the new FleetCenter next year. Investment analyst Peter Russ: "The history of the new stadium is that you can be in last and still sell out" (BOSTON HERALD, 6/21). Celtics Chair Paul Gaston was interviewed by Mark Murphy in yesterday's BOSTON HERALD. Gaston: "I've publicly said that I've turned down a couple of great offers in the last year or so, and certainly nothing has changed. ... I'm willing to spend whatever it takes to get the Celtics back on track. I wish it were that easy, because I'd spend everything we make and more, but it doesn't work that way" (Mark Murphy, BOSTON HERALD, 6/21).