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 Senators Struggling With Early Season Attendance Barclays Center Using VR To Sell Islanders Tickets Franchise Notes Oakland Doesn't Need To Match Raiders Stadium Offer Owners' Opinions On Raiders' Vegas Plan Vary Devils Unveil One Jersey Marketing Campaign
CELTS SHARES GO FOR LESS THAN MARKET VALUE
Published August 31, 1995
Alan Cohen sold his estimated 11% share in the Celtics back to the Boston celtics Limited Partnership yesterday in a deal worth about $16.3M. Cohen's 758,444 shares were sold at around $21.50/share, below yesterday's closing price for Celtics stock of $24 1/8/share. Cohen had been involved in team matters and was "the driving force" behind the purchase of Boston's Channel 25 and Larry Bird's final contract. However, he ceased regular involvement after a falling out with partner Paul Gaston in '93 (BOSTON GLOBE, 8/31). Cohen was part of a group that bought the Celtics for $15M in '83. The deal was a private transaction (BOSTON HERALD, 8/31).