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).
