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LUCKY CHARMS? CELTICS PARTNERSHIP REPORTS NET LOSS OF $9.3M
Published May 10, 1999
The Boston Celtics Limited Partnership (BCLP), the parent company of the Celtics, reported a net loss of $9.3M during a nine-month period ended March 31, 1999, according to an AP report. While the partnership earned $1.4M in the last three months of that period, it attributed the more than $9M net loss "in part to the NBA lockout" (AP, 5/9). The Celtics refunded season-ticket holders "approximately" $11,632,000, including interest of $185,000, for the 18 home games canceled due to the lockout (BCLP Quarterly Report).