The Boston Celtics plan to sell a...

The Boston Celtics plan to sell a 40% stake in the National Basketball Assn. team to the public, according to a report in the Wall Street Journal. The team hopes to complete the sale by the end of the year before the tax laws change.

The stock would be offered under an unusual arrangement called a master limited partnership, the Journal said, attributing the report to unidentified sources. By selling it before the end of the year, club owners would avoid increases in capital gains tax scheduled Jan 1.