Kings Support NHL's Suspension Of Voynov Rice Files Formal Grievance Against Ravens T.I. Agrees To Help Hawks Move On Franchise Notes Warriors Embrace Heritage, Former Players NBA Franchise Notes Sources: Islanders Sale Price Was $485M Future Of NHL Panthers Questioned Dodgers' Friedman Mum On Details For '15 Extra Revenue Could Boost Cardinals' Payroll
Upcoming Conferences and Events
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).