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INVESTERS ANNOUNCE PURCHASE OF BOSTON CELTICS, 2002-09-27 (photo)

IMAGE number
REU8175369
Image title
INVESTERS ANNOUNCE PURCHASE OF BOSTON CELTICS, 2002-09-27 (photo)
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Photographer
Brian Snyder
Medium
photograph
Date
2002 AD
Shooting Date
2002-09-27
Image description

Representatives of the private investment group Boston Basketball Partners, Wycliffe Grousbeck (L), a general partner at Highland Capital Partners, and Stephen Pagliuca (R), a managing director at Bain Capital, announce to reporters and the public that they intend to buy the Boston Celtics at a news conference in Waltham, Massachusetts, September 27, 2002. The Boston Celtics, the basketball team that has won 16 NBA championships, is being sold for $360 million in cash to a company led by venture capitalists Wycliffe Grousbeck and Stephen Pagliuca, the company said on Friday. Boston Celtics Limited Partnership, whose chairman is Paul Gaston, said in a statement that the sale of the storied franchise to the firm, Lake Carnegie LLC, was subject to NBA approval. REUTERS/Brian Snyder BS/ME

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REUTERS/Brian Snyder / Bridgeman Images
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