Expert: Fabio Anderle - 7/27/2007

Question
I have just been informed that someone bought me some CELTICS stock, when I was a kid. I'm now 46, and want to check it out, see what it is worth, get physical proof. Where do I start?
Thanks

Answer
Hi, Jack,

when former owner Paul Gaston sold Celtics ownership to Wycliffe Grousbeck's local investment group Boston Basketball Partners L.L.C. in September 2002, all individual owners of stock had to resell their shares back to the BBP, as per their agreement with the NBA once ownership of the team became finalized. If you want to sell your share, you should contact "Boston Basketball Partners L.L.C. (151 Merrimac St. Boston, MA 02114-4714, Phone: 617-854-8000, Fax: 617-367-4286)
and ask them directly what you should do.
Just to give you a hint on the possible stock value, before the deal was made public, Celtics stocks closed at $10.60 each. But Grousbeck, on behalf of Boston Basketball Partners L.L.C., later said the 58,000 unit holders would get $27 in cash for each stock.
I hope this helps....


Fabio