Banner Graphic, Volume 17, Number 80, Greencastle, Putnam County, 4 December 1986 — Page 10

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THE BANNERGRAPHIC, December 4, 1986

10,000 investors buy stock

BOSTON (AP' paid S4B million for a 40 percent stake in the NBA champion Boston Celtics, a winning proposition for the majority owners, who paid sls million for the team in 1983. About 10,000 investors bought the 2.6 million available shares at an average $18.50 each, said Smith Barney, Harris Upham & Co., the investment house that underwrote the offering. The three Celtics owners who made the offering will retain the rest of the shares. Don Gaston, Paul Dupee and Alan Cohen, who purchased the Celtics from Rochester, N.Y., furniture dealer Harry Mangurian Jr., had hoped for sl9 to s2l a share, or SSO million to $55 million. Some investment experts were cautious about the sale. William J. Gillard, director of investment policy at Kidder Peabody & Co., said the stock’s primary appeal would be to fans. “I would say it’s more a novelty type, especially at the price levels that these franchises have reached,” Gillard said. “They all assume full houses at high ticket prices and substantial

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TV rights. It’s going to be difficult to make these a good investment.” Sports fortunes can quickly change, said Harry Sinden, general manager of the National Hockey League’s Boston Bruins. “I know the vagaries of sport,” Sinden said. “No injuries to key players, it’s the best team in sport. Injuries to key players, you’re back with the pack.” But Charles Weiss, a managing director of Smith Barney, said the shares are worth a serious investor’s attention. He pointed to the team’s ability to fill Boston Garden, its lucrative TV contracts and its record it has won the National Basketball Association championship 16 times, including last year. Celtics stock will be traded on the New York Stock Exchange under the symbol CEL once it gets approval from the Securities and Exchange Commission, expected any day. But the investors didn’t wait, buying directly from Smith Barney. According to the prospectus, the Celtics had profits of $5.3 million last season on revenues of $18.5 million.

In 100-64 win over Stetson

Smith likes way his Tar Heels played

By The Associated Press North Carolina Coach Dean Smith liked the way Kenny Smith and Ranzino Smith played. The coach also liked the way his freshman played. In fact, he liked just about everything he saw. “We played our best basketball of the season to date,” Dean Smith said after the No. 1 Tar Heels trimmed Stetson 100-64 Wednesday night. “I understand we’re more talented than Stetson, but I also thought we played very well.” Senior guard Kenny Smith, a preseason All-America selection, scored 17 points and Ranzino Smith added 15 for the Tar Heels, 3-1, who were playing their first game since losing at UCLA on Monday night. J.R. Reid, a 6-foot-9 freshman, scored 10 points and grabbed seven rebounds, and fellow freshman Scott Williams, at 6-11, had seven points and eight rebounds. Mike Barnett, Eric Cumbie and Randy Anderson each scored 12 points for the Hatters, 0-3. In other Top Twenty games, No. 5 lowa beat Missouri-St. Louis 89-64, No. 12 Pittsburgh routed St. Francis 108-69, No. 15 Georgia Tech defeated Georgia 72-66, No. 16 Georgetown

Ainge scores career-high 34 as Boston wins

By The Associated Press Danny Ainge scored 34 points, seven more than his previous career high, as Boston overcame the absence of injured Larry Bird to beat Denver for its 46th consecutive victory at Boston Garden, 119-113. The Celtics, who saw their streak of 48 straight home wins snapped Tuesday night in Hartford, got 13 points from Ainge as they outscored the Nuggets 39-22 in the third quarter, extending a three-point halftime lead to yi-Tl. They went on to increase the margin to 26 before the Nuggets made the score close down the stretch. Jazz 99, Bulls 94 Utah survived a brilliant individual effort by Michael Jordan to beat visiting Chicago. Jordan scored 45 points, nearly half of the Bulls’ total, 76ers 115, Bucks 110 Philadelphia blew a 21-point lead,

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beat Grambling 96-52, No. 18 North Carolina State downed East Tennessee State 104-85 and No. 19 Northeastern trounced St. Joseph’s of Maine 81-54. No. 5 lowa 89, Missouri-St. Louis 64 Reserve Jeff Moe scored 14 points and host lowa had little trouble with Division II Missouri-St. Louis. Mike Strater scored 16 for the

then rallied to hand Milwaukee its first loss of the season after leading through three quarters. Paul Pressey’s three-point goal with 29 seconds left in regulation forced the overtime, but the 76ers took the lead for good on consecutive

Tucker leads the way in Butler win

INDIANAPOLIS (AP) The big margin was in rebounding and defense, Butler Coach Joe Sexson said after his undefeated Bulldogs handed Northwestern its first loss of the season. Butler won the the non-conference college basketball game 71-53 Wednesday night to go 2-0. “The difference in the game was our boards and our defense,” Sexson said. “We did the things we wanted to do defensively and controlled the game. Our defensive effort was maybe as good as these players have ever given.” Forward Chad Tucker topped the winners with 23 points, including seven of Butler’s 12 during a key fir-

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Rivermen, 0-3. No. 12 Pittsburgh 108, St. Francis 69 Senior guard Curtis Aiken scored a career-high 32 points and Demetreus Gore added 20 as Pittsburgh routed St. Francis in Loretto, Pa. Pitt is 2-0; St. Francis, 1-1. No. 15 Georgia Tech 72, Georgia 66 Bruce Dalrymple and Duane Ferrell scored 20 points each and Georgia Tech took control in the final five minutes to defeat Georgia at the Omni in Atlanta. Dalrymple’s basket put Georgia Tech ahead for good with 5:05 remaining, and he scored a minute later for a four-point lead. The Bulldogs pulled within 67-66 on Toney Mack’s three-point basket with 3:17 left before Georgia Tech closed out the scoring. Georgia Tech is 3-1. Georgia is 2-1. No. 16 Georgetown 96, Grambling 52 Reggie Williams scored 30 points, grabbed 17 rebounds and had six assists as Georgetown won its home opener by beating Grambling. The 6-foot-7 Williams, who played forward, center and guard during the game, and Mark Tillmon scored eight points apiece during a 21-6 burst that gave the Hoyas a 42-24 lead at

baskets by Cliff Robinson. Pistons 107, Nets 106 Detroit rallied from an 11-point deficit in the fourth quarter and handed New Jersey its ninth loss in 10 games when Isiah Thomas scored on a tip-in and Rick Mahorn added two

st-half rally. “It looked like we weren’t that effective offensively, but we played so hard on defense it may have hurt us at the offensive end,” Sexson added. “Still, I can’t complain about an 18point win. “We were able to hold on in the second half because we have so many seniors playing,” Sexson said. “We didn’t rattle when they tried to come back on us.” His seniors include Tucker, center Mike Yeater, guards Darrin Fitzgerald and Chris Givens and forward Tony Gallahar. The Wildcats, 2-1, last held the lead at 9-7. The score was tied 9-9 and 11-11 before Tucker hit two free

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halftime. Georgetown scored the first 12 points of the second half and went on to raise its record to 3-0. The Tigers are 1-2. No. 18 North Carolina St. 104, E. Tennessee St. 85 Sophomore center Charles Shackleford scored 21 points and North Carolina State used a strong man-to-man defense in the second half to pull away from visiting East Tennessee State. Shackleford made 10 of 13 shots from the floor and grabbed 10 rebounds. North Carolina State is 4-1. East Tennessee State is 2-1. No. 19 Northeastern 81, St. Joseph’s 54 Reggie Lewis scored 18 points and Northeastern broke loose in the second half to defeat St. Joseph’s of Maine. Lewis, who set a tournamment record with 84 points in three games of the Great Alaska Shootout, scored 10 points in the second half as the Huskies pulled away from a 41-39 lead with 15:22 remaining. Wes Fuller added 15 points for Northeastern, 3-1. Charles Warren scored 14 for the Monks, 4-1.

free throws in the final 28 seconds of overtime. The Nets had a chance to win the game, but Mike Gminski, who led the Nets with 24 points, missed a 20foot jumper with three seconds left in regulation.

throws that put Butler up for good, 13-11. Butler, after calling time out with 8:34 left before intermission, outscored Northwestern 12-4 and lead 30-19 at halftime. Tucker hit seven of those points and Yeater added four. In the second half, the closest Northwestern got was 62-53 with 2:07 remaining. Butler then reeled off the final nine points, with Gallahar and Givens each scoring four. Tucker hit five of 11 field goals and was 13-15 from the free-throw line. Fitzgerald added 20 for the Bulldogs and hit all three of their three-point goals. Shawn Watts had 12 for Northwestern.

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