SBD/31/Franchises

CELTS SHARES GO FOR LESS THAN MARKET VALUE

     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).
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Boston Celtics, Franchises

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