Gaston family spends $181,000 to increase its interest in Celts

[firepitino@yahoo.com (kevin)]

Does it look like Gaston is preparing to stock up, to sell later?


http://www.projo.com/report/pjb/stories/03370482.htm
Gaston family spends $181,000 to increase its interest in Celts
The Gaston family has bought still another piece of the Boston Celtics, paying more than $181,000 for 18,500 shares between Feb. 2 and Feb. 29, according to papers filed with the U.S. Securities and Exchange Commission.
``It's a very strong statement that owning this team is valuable,'' said Richard G. Pond, chief financial officer for the Celtics.
Here, in general, is how it works: Castle Creek is a partnership owned and controlled largely by the Gaston family. It owns about 52 percent of the Celtics. The rest of the club is owned by a publicly traded partnership, Boston Celtics L.P.
Here's what's new: Castle Creek recently bought more shares in the publicly traded partnership. As a result, the Gastons, indirectly, now own about 63 percent of the Celtics. The family includes Paul E. Gaston and his father, Don.
-- NEIL DOWNING