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Boston Celtics owners

  1. It’s a trend, private equity firms snatching up NBA teams

    Jul 14, 2011, 4:32 PM EDT

    Tom Gores

    Despite what David Stern seems to think is a franchise-crushing financial system, and despite the threat of a protracted lockout, NBA franchises seem to be selling for record prices. And healthy profits in some cases for the former owners. The latest is the just agreed-to deal for Joshua Harris to buy the Philadelphia 76ers. But…

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