Re: Good News

[Dan Forant <dforant1@nycap.rr.com>]

This could be good news, and the end of a long nightmare.

Dan

At 02:59 PM 11/26/00 -0500, you wrote:
>
>No, not the Celtics beating a subpar Orlando team
>missing its best player, but the fact that Steve Bulpett
>reported in Saturday's Herald that Gaston may be willing
>to sell the club.  This is truly good news, especially
>the possibility of LL becoming involved. Just as
>you don't want Pitino making trades or picking
>draft choices, you don't want Gaston to choose the
>next guy to rebuild the team...
>
>Sale scenario not far-fetched
>Celtics Notebook/by Steve Bulpett
>Saturday, November 25, 2000
>
>
>
>
>
>
>While people in the financial world insist Paul Gaston's purchase of
>Celtic
>stock is a prelude to selling the team, the club's chairman of the board
>is
>apparently open to offers.
>
>Gaston has said repeatedly he is not looking to sell, and while that may
>be
>the case, sources said a recent offer for the club went beyond the tire
>kicking stage. The sides spoke first through an intermediary and
>interest
>from the prospective buyer was said to be strong. But when the talks
>settled
>in on a price between $320 million and $340 million, the buyer thought
>again
>and backed off.
>
>It is known that the potential purchaser was not Larry Bird, but sources
>close to the Celtic legend say he is still very much interested in
>putting
>together a group to buy the franchise. They add Bird is waiting to see
>which
>way the Rick Pitino regime plays out. If the club reshuffles the deck
>after
>the season, Bird may come hard at that point.
>
>Pitino would seem to be in the best position here. His contract
>stipulates
>that if control of the club is changed, he can take the lesser amount of
>$22
>million or whatever is left on his deal. After this season, those
>figures
>would be similar.
>
>