Boston Celtics "SOLD" for 360 million

http://www.boston.com/sports/celtics/news/092702_celtics_sold.htm

Here's a snippet:

The Boston Celtics basketball team is being sold for $360 million to a partnership that includes venture capitalists Wycliffe K. "Wyc" Grousbeck of Highland Capital Partners and Stephen Pagliuca, a managing director of Bain Capital.

The partnership, called Lake Carnegie, also includes Grousbeck's father, H. Irving Grousbeck, who with Amos Hostetter made a fortune in the cable business with Continental Cablevision.

The deal is subject to NBA approval.

There will be a press conference about the deal at 3 p.m. today at the team's practice site in Waltham.

"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," Wyc Grousbeck told the Associated Press. "We look forward to years of involvement with the greatest sports team ever."