Paul: I'll Sit Out If Sterling Still In Control Packers Open To Playing Road Game In London MLBPA Files Grievance Against Astros NYC FC Brings On Frank Lampard As Second DP Franchise Notes Broncos Move Forward Without Bowlen Shelly Sterling Reps Seek Appeal-Proof Ruling Browns' Training Camp Tix Moving Fast Bears To Roll Out "Bear Down" Campaign NHL Panthers Hope Montoya Draws Cuban Fans
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).