SBD/27/Franchises

CELTICS VICE CHAIR SCHRAMS, LEAVES TEAM FOR OTHER VENTURES

          Steve Schram, the Celtics' Vice Chair for five years,
     "will leave the organization to pursue private business
     interests" with a SC- and GA-based real estate development
     company, according to Peter May of the BOSTON GLOBE.  May
     adds that Schram, who will retain his 4.4% stake in the
     team, will not be replaced (BOSTON GLOBE, 2/27).

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