LUCKY CHARMS? CELTICS PARTNERSHIP REPORTS NET LOSS OF $9.3M
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).