Huge Early Interest For Royals Playoff Tickets Garber Confirms Possible Chivas USA Hiatus MLS Execs Visit Sacramento For Expansion Search Avalanche To Substantially Increase Payroll Ravens Fans Begin Exchanging Rice Jerseys Franchise Notes Panthers Place Greg Hardy On Exempt List NHL Panthers Vow To Stay In South Florida Senators' Melnyk: Ticket Sales Hard In Ottawa Royals Metrics Thriving Amid Playoff Push
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).