OMG! Celtics just got sold!

[PissedPrincess]

3:00 press conference.:eek:

[milky_way]

Local Investment Group to Acquire Celtics
http://www.nba.com/celtics/news/Group_Acquires_Celtics.html

Boston, Massachusetts, September 27, 2002 - Boston Basketball Partners, L.P., a local private investment group, today announced the signing of a definitive agreement to acquire the Boston Celtics basketball team of the National Basketball Association.
Co-Managing Partners of Boston Basketball Partners, L P. are Wycliffe (Wyc) Grousbeck, a General Partner at Highland Capital Partners, H. Irving Grousbeck, Co-Founder of Continental Cablevision, and Stephen Pagliuca, a Managing Director at Bain Capital.

"We are delighted to reach this agreement, but we fully understand that nobody really owns the Celtics except the people and basketball fans of Boston, the State of Massachusetts and New England," said Wyc Grousbeck, Co-Managing Partner of Boston Basketball Partners. "As long-time community residents and Celtics fans, our goal is to build on the success that has already been achieved by the team's strong management, coaching staff and players. We look forward to years of involvement with one of the greatest sports teams ever."

"The NBA has enjoyed tremendous growth and success by developing terrific young talent, and the Celtics are a great example of this philosophy in action," said Steve Pagliuca, one of the Co-Managing Partners. "The Celtics have always enjoyed a close relationship with this community, and we are committed to further strengthening that bond. We invite the active participation and tremendous energy of the local business community in support of one of the greatest franchises in professional sports."

Forward Looking Statements
Shareholders and investors are advised that statements contained in this press release that are not historical facts are forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on expectations and are subject to a number of risks and uncertainties. Specifically, closing of the acquisition will remain contingent upon the satisfaction of a number of conditions to closing, including consent or approval by the National Basketball Association.

[lal4l]

Wat does all this mean??? They sold the team there is a new owner?? HELP!

[cxlx]

its just a new owner now. A bunch of rich guys who came together to buy a sports team. They were looking at buying some kinda team for over a year...then they brought a nice offer to the table and Gaston sold. Theyre all a bunch of local rich business men, who just likes sports........they also said they not going to be in the spot light like Mark Cuban is. So you'll berely see them at all. We have no idea what to expect as far as what this is going to mean in the future. :notme: