-
Paul
Can you provide details as to how I can purchase shares in Celtic. Is there a way of doing it on-line?
Thanks
CarpeDiem
-
God I hope something like this never happens at Celtic.
As for Magnier and McManus they can stay away.
Or would it be in our interests if they came here Paul.
I would be gutted if Celtic were to go under.
I would stop watching football altogether and promote boxing from my second favorite sport to my first.
Were safe in the knowledge that MON will definetly not go to Utd now i dont think he likes working under dictatorships.
-
Fair enough comparison between Desmond and Glazer, Paul. However, I'm still concerned about Desomnd and his cronies investing now in a collective majority holding, then selling us to someone like Glazer in the future when the share price increases sufficiently - someone who needs a large chunk of debt to buy DD&Co out. Then we'd be in a very similar, uncomfortable posiion as Man U!
Do you accept that this is at least a risk, a possible scenario that could one day have us rueing our support for new investment?
I'm not sure what other choice we have, right enough, IF we want to put the club in the best position to take advantage of structural change when it arrives. Perhaps the supporters buying as many shares as possible in any new issue - but will they be made available to us...???? Talk in some circles has been of a closed share issue.
-
CarpeDiem
Easiest way to buy shares is through your bank or building society, though American Express also does it and there are several other routes. All of them seem to be doing business online now.
You will need to setup a share account, which is less hassle than it sounds.
Adrian/Dirty Harry
We are at risk to takeover if our board fail to maximise the clubs potential in the way the Man Utd board have.
They need to make the most of the big opportunities in front of them; otherwise someone else could come in and do the same.
Glazer has only been able to borrow for this purchase because there are huge inefficiencies waiting to be realised. If not he would not be able to borrow, and Man Utd would not be put into debt.
-
Interesting story in some newspapers today reporting that both Celtic and our city rivals are to be invited to join the G14 at a meeting this week, but only in an observational capacity, much like your own admission to CP last week Paul. Here's hoping both you and Celtic get the green light to join your respective bodies in the near future.
-
Showing on the BBC news site that the Celtic shares have risen 3.06% since the markets opened this morning – definitely moves afoot
-
Paul you say that the share issue will only be the begining of significant changes at parkhead.
Spill the beans on what you know or what you think might happen.
-
I've been watching the share trades for a few weeks now. Today has seen the highest number of trades for a while. The majority opf trades have been small (a few thousand) however, there have been one or 2 larger trades of 20,00 shares recently. The share price is only begining to climb toward pre interim levels which considering recent events makes sense.
-
Theres no beans to spill i would say maybe a share issue and a number of players coming and going.
-
Paul,
It's a bit off the topic of Celtic, but I'd be grateful if you, or one of the suitably well informed CQN readers could clarify something for me in respect of the Glazer take over.
How can Glazer "transfer" the debt he incurred in buying the MU shares to the club, as has been reported in the popular press? The BBC last night reported that Man U's assets could be used as security for the debt. As I understand the situation, even if Glazer owns 100% of Man U shares, he still does not own Manchester United’s assets, the company does. This may seem a trivial distinction but it isn't. A company is a distinct legal person from it's shareholder(s). If a Company is sued, it's shareholders are not liable for the debt beyond the equity which they have in the company. Also, if an individual who owns all the shares in a company is sued (say for defaulting on a loan agreement) the courts judgement cannot be enforced against the assets of the company. Of course if, for example, the shareholder is made bankrupt as a result of the court judgment, the Trustee (the person in charge of selling the debtor's estate and paying the creditors) would get the shares for the benefit of the creditors. If the business was profitable (which Man U clearly is) he would attempt to sell it as a going concern. Throughout the whole process, the Company’s balance sheet would not show any sign of the individual’s debt.
So, while I can appreciate that the debt may be secured over Glazer's shares, I don't see how the debt could be transferred to Man U or secured over the assets.
I am quite happy for someone to correct me, but in conversation about this with several people, no one has been able to as yet. If anyone can, I'm sure it's you Paul!
Is the main concern not rather that he will have to increase profits so that he can pay himself a big enough dividend to service the debt?
-
I went to the Paul Lambert testamonial night on Sunday.
I finished up dancing with the captain.
Paul Nicholas
-
paul, from what I have read, which is probably untrue as all printed media is lies, the share issue will take the form of preference shares.
As preference shares carry no voting rights and are viewed as a tax efficent revenue raising tool, how has this become the prelude to a Glazer style takeover?
Is this alleged issue, not simply that DD is taking advantage of the profits made on the man u deal to assist celtic and at the same time gaining a fixed and possibly redeemable return.
Your vision of a share issue has materialised, is this the end or only the begining?
-
I think we should all give a shout out to Paul Lambert and thank him for his service after you write your posts just say a thank you.
Underrated midfielder in his prime.
I think a bit more effort could have been made by the club for the last home game of the season hopefully they will make up for it in the Scottish Cup final weekend
-
anon 12.06, Glazer has bought man u via a company called red football, red football have raised the capital and as such own the debt.
When man u go private they will be an asset of red football and therefore man u assets are put very simply red football assets.
Glazer owns red football
-
Another interesting article Paul.
I'm convinced Dermot knows what he is doing, and I was sold on the fact we'd be joining the premiership, the minute I first head Dermot say "it will happen" a few years ago. A man of that stature, business sense and mullah($$$!) is a man the deserves repect and listening to. It's time to get more money through the cash register by negotiating those individual TV rights (ker-ching!) and selling the naming rights to the stadium (ker-ching!).
As things stand, the top players in Europe will never come to play for us(a: cos they don't want to play in the SPL; b: cos we can't afford their wages). Hopefully, this will be changing soon and who knows, in a few years time we might just be signing Ronaldinho!? I for one, cannot wait!
Lets finish the job off on Sunday first though, and get rid of another bogey hanging over us by getting past the group stages of Europe next year.
C'mon the hoops!
-
Anon 12.21.
To say Man U's assets are Red Football's assets isn't true. One company might own the other, but Red Football owns the shares not the assets. They are still distinct legal entities. The debt would never show up on the Man U balance sheet.
-
If we take the same debt model and apply it to any other club. I can't think of a good example, so lets say Rangers. Who owns their debt, if they are wholly owned by Murray inc.
I just wonder how it can be reported that some debt can vanish, while other debt is transferred? - Lazy Jouranlism perhaps.
-
Paul, interesting article. However,those posting comments should realise one thing. Desmond is not getting involved in Celtic primarily to make money. Whil he is a businessman,he shares in Celtic are there in the hope that Celtic one day move to the Premiership which would make a wealthy man even wealthier. However,he has come out and said that his investment in Celtic is 'purely emotional'. The chances of celtic being taken over,inthere current league, is virually nil. why? because the football industry and the SPL in particular are dead end industries. With the exception of Man Yoo, there is no money to be made from football clubs. As the old joke goes ' how do you make a small fortune? start out with a large one and buy a football club. To the person who said something earlier like magnier and mcmanus can get lost or stay away, I would ask why? McManus forexample has donated £3.5 million pounds to the limerick GAA to help buil a stadium. MAgnier and McManus could be good for Celtic because chances are they will free up some money for transfers. It will be an emotional investment. They stated from the off that Manchester United was viewed by them as a traditional business investment,which in my opinion, no football club should be. Mon the Hoops!!
-
Anon 12.29
Red football will own 100% of MUFC soon enough. They (Glazer) will be able to transfer any debt/capital they wish between the companies. Once RF has 100% of MUFC they will be able to do as they please. RF has merely been a vehicle to acquire the shares.
For an example, look at what the mint has done with TFOD's debt since he got over 90% of their shareholding. He simply transferred into to another of his companies.
Liam H
-
Once RF owns all of the shares in ManU, they will probably do a share swap, and then change the names of the two Companies. RF becomes Man U and the debt becomes the Company called Man U's problem.
-
The Glazer purchase of Manchester United has had one incredibly significant side effect - it has cut the club's links with millions of Irish supporters all over the world. The cash put in by the Coolmore clan is now looking for a new home - we should make it as welcome as possible at Celtic Park. The cynicism of Glazer's move has alienated even United's own fans. If a sizeable percentage of those in the Republic and elsewhere decide Celtic are the only club now deserving of their support, we could finally be on the verge of taking that quantum leap towards becoming the largest football team in the world.
All that is needed to complete the picture is an indication from England that their top league (Wigan et al) is in need of reconstruction. Paul, are there any signs of Sky putting the pressure on?
And can you confirm that the percentage of voting shares held by ordinary Celtic fans makes a Glazer-like takeover here practically impossible?
-
I will take a bit of a contrary view to the hype expressed by the media and the Man U. fans re the Glazer acquisition.
Appreciate some of the concerns about Glazer's intentions re ticket price increases and transferring of debt.
However Man. U and its fans have drunk from the trough of capitalism when its suited them in the past, havent they?
So exchanging one form of capitalism for another earns such revulsion and fear?
I think its partly because of the love-hate raltionship that exists in Britain that drives this issue. How dare a capitalist "yank" take over such a wonderful piece of the English establishment.
Maybe Glazer might actually be a benevolent dictator. Would Abramovich fit that bill?
Anyway it all seems over the top to me. Food for thought.
-
Succes wise Utd aernt the largest team in the world this last few years.
I would hardly call finishing third in the EPL two years in a row as one of the biggest teams in the world out of Europe early also and fergie has spent vast amounts of money.
They are big in name only and not success.
They have a big fan base but on the pitch they are severly lacking.
Are these the kind of fans we need
"I couldnt be bothered supporting Man Utd anymore because Glazers there lets support Celtic."
-
Anon 12.29
Sorry but you're wrong . It's not about legal entities but economic control of the assets. Red Football own a controlling interest in Man U. This means that the assets of Man U are part of the group's assets as is the debt of Red Football.
Johnnybhoy.ch
-
Lambert should make an appearance at Motherwell, his former club...hopefully. Might depend if we are 2 or 3 up though come 60-70 mins.
-
Anon 12.07, greenmaestro's Ranger's example may answer your question. Indeed,if Glazer is successful in acquiring 100% of Manchester United's share capital (off the top of my head I think he only needs 90 or 95% before it becomes compulsory for the remaining shareholders to sell him their shares), it will allow him to delist Man U i.e. it will be a private company. In essence he will be the David Murray of Man U.
It is important to appreciate the mind set of a banker - their number one priority is to get paid. If the debts of the club start to exceed the value of its TANGIBLE ASSETS they get nervous. Why do I highlight tangible assets? Because these are the things the bank will be left with to sell in order to recoup their loan in the event Man U goes bust.
Now think about what has gone on at Ibrox. Under pressure from his bankers, Murray has been forced to inject fresh money in to the club and shift some debt to other areas of his business empire.
This is why Murray kept on revaluing Ibrox. It allowed him to borrow more agianst this asset. As we now know, the banks got nervous and called time on this particular wheese.
Back to Mr Glazer. I think the BBC is stirring it when they say he will tranfer ALL his debt on to Man U. Keeping in mind what I've just written, I do not think his bankers will be at all happy having his entire debt load secured on the tangible assets of Mancherster United. Their value is simply not high enough to provide an adequate degree of comfort.
Just another example of the media stirring it, if you ask me.
To the anon and others monitoring Celtic's share price, volume has indeed picked up. I am intrigued by the 144,000 shares that changed hands on Friday. A hefty amount and the highest volume of the year so far. I am also bemused as to why the price has moved when rumours about a new issue seem to be gathering steam. New issuance usually acts as an overhang on share prices, so I'm puzzled. Indeed, to those thinking about jumping in here, remember to do a bit of homework first.
All the best.
GM
-
Johnnybhoy.ch.
Sorry a wee typo in my last posting. The Debt is part of the Group's balance sheet as are Man U's assets. As I said legal entities don't come into it but rather economic control .
-
Paul, interesting piece. I don't see anyone with similar interests to glazier getting involved with celtic until we were(if it would happen) part of the premiership
-
Continuing the post about CQN T-shirts,How about sixtee7.com get the shirts made and sell them,with all profits going directly to PAUL67 to update the current Website,either that sell them at cost price with a 50p "donation" added for the website running.
(sounds like a McGlone or "where's the burds" idea)
I'll donate a few quid to the cause if anyone can wear a CQN T-shirt at the M'Well game and get a photo.
To infinity and beyond
Cabbage
-
gd idea about these t-shirts, al buy one if they are made
-
Paul - what's your take on Setanta's coverage of Celtic games? They have taken a lot of flak for their coverage at Tynecastle on Sunday where all 5 match 'analysts' called the late penalty incident a 'stonewaller' and generally made comments to the effect that Willie Young had just made the biggest blunder of his career and handed the SPL title to us on a plate. Considering even the Tabloids that followed never put the same slant on it - in fact Iain King in the Sun's thought the referee called it correctly - it does kind of put Setanta's coverage into perspective. Do you have an opinion at all? Wee Tam.
-
Dallas is the ref for Sunday.
-
cheers anon1.47, that's the news we all wanted to hear. Sayin that, I cant remeber the last gd ref performance ive seen in a celtic match
-
I’m up for the share issue, I want to help ensure the club is owned by us for years to come, I don’t want to make profit from my club but I am a bit weary, does every one not remember the last share issue?
Twenty million invested with the promise of the youth academy and training faculty, where are they now?
I understand we don’t have millions to spend every year due to the information on this site and we just have to get on with it and try and improve but If I’m going to take out a bank loan and make a real emotional investment I don’t want the money going to clear the debt or improving the balance sheet, I want to see improvement on the pitch, every one booked next Monday off yet!
-
A bit off-topic but...
Are other fans coming across alot of the Celtic fans who will not be renewing / attending games next season?
I know of 5 individuals who for varying reasons (moving abroad, travelling, more golf, work and family commitments) are either relinquishing their season book or having someone else take it on for a season (or 2).
I found this really disappointing and have encouraged them all to hang onto their books.
Just curious if this is a growing trend that others are aware of? I think that if we were being served up mouth-watering football every week then none of them would even be considering it. I also wonder if success has now become the norm for many? I remember craving it during the 90s and I think we should all take stock and enjoy it whilst we've got it.
Paul, any idea if the 'waiting list' is continuing to grow? as it appears there'll be a few book surplus to rquirements next season.
Thank you PL14
MMFYM
-
This is the official email response I received from setanta.
Thanks for your mail. Setanta Sports contract with the SPL only allows 38 live matches to be broadcast in a season. Which meant that we only had an option to show one match on the last weekend.
However given the nature of the conclusion to this season we have now agreed with SPL an option to show the Celtic v Motherwell and Hibs v Rangers match. These will be broadcast on channels 429 and 434 the new bonus channel for Setanta Sports subscribers on the Sky platform.
Regards
Iain Reid
-
Anon2.07,
I do also know a few ppl giving up their books. In fact this season I was using a book of someone who could not afford it this year. Seems to be a growing trend
-
Following the death of a family member we kept on his season book. This season we added another book to our existing 3 with my sisters nephew being born (and you get it at concession prices).
If there is money being speant this summer and we are in pot 2 of the CL (assuming we get in) this side of the business will look after itself.
-
Hi all
Just a quick note on the t-shirt front...
I would be more than willing to help out with the t-shirts..
Unfortunately theres more chance of Neil lennon cracking a 40 yarder on Saturday than getting the t-shirts done in time for the Motherwell game nor the cup final that is unless you want the print job to slide of the t-shirt after one wash...
As for a non-profit t-shirt...I'll ask my designer if he wants to work for nothing...I think I know what he'll say....
And much as I like serving the public I've got to pay for my season ticket somehow...
PS on the subject of season tickets if anyones got one spare for the North stand middle I would be interested...
-
Rumoid,
Often have a spare for the North stand as I live in London. Not a cert every week but if your interested Paul should have my address.
Martybhoy
-
Meant to say one is on half way line North stand and other is one section in. Think its 105 and 406.
-
Hi Martybhoy
Just got hold of two but thanks..
If anyone is looking to rent a season ticket for next year give me a shout.
Cheers
-
Rumoid - a Neil Lennon 40 yarder to seal the game on Sunday would be the PERFECT way to win the title!
We live in hope...
-
From Setanta
Hello,
Setanta will be broadcasting the end of season matches for both Celtic and Rangers on Sun 22nd May 2005.
The events will be broadcast as detailed below:
Setanta Sports - Sky Ch 429
Motherwell vs. Celtic - KO: 14:00 BST (Pre-Match 12:00 BST)
Setanta Soccer - Sky Ch 434
Hibernian vs. Rangers - KO: 14:00 BST (Pre-Match 12:00 BST)
Please note Setanta Soccer launches this Saturday 21st May on the Sky platform only. The channel operates as a bonus channel to the Setanta Sports subscription - Anyone subscribing to the Setanta Sports package will automatically have access to this channel. New subscribers call the regular booking line 08700 506970 (UK) / 0818 719999 (ROI).
This arrangement will apply to commercial venues for this weekend only.
Regards,
Setanta Sports
-
Hi Guys
I also know of a couple of guys in my office who are not renewing, and they claim it's all down to the product being served up at Parkhead, with the majority of teams coming and shutting up shop, making no attempt to play any football - I would have thought the last few games at Celtic Park this season would have dispelled that.
On a parallel topic, most of you couldn’t have failed to notice the demographic change that has taken place in Glasgow over the last 3 years, with a large influx of asylum seekers and migrant workers from Africa and Eastern Europe now living in the city.
Given our heritage and our ethos, I would like to think that the club and every individual fan should make efforts to get as many of these people interested in the team as possible. I don’t know if it’s only me, but I get a kick out of seeing someone from an ethnic minority proudly wearing the hoops.
Let’s get them on that waiting list
-
Hi Paul, and the rest of the Bhoys!
From what I've read here and elswhere things are brewing?
We all hope in the right direction.
Paul you commented on one of the posts about the time to buy shares.
Well I'm in a bit of a quandary!
I have bought shares each time they were issued, BUT now my partner has been nagging me to sell them as we're trying to raise funds for a deposit for a house!
Before anyone slaggs me off YES i bought them as an "emotional investment" as well but when money is tight (and to get her of my case) I've been tempted to sell up.
I offten remember when Brian Quinn stated at the last share issue that every penny raised would go to strenghening the team, Not the way i had in mind though.
The share price has dropped so most of us have lost out in "one" way. Owning part of Celtic was always the main issue.
To cut to the chase i don't know if i can keep her at bay unless i can put up an agrument to hold on to the shares... Anyone?
Can Dermot purchase our shares anyway if he and others wanted to in the future?
On a different topic has anyone noticed the advertising at ibrox? (not that i really watch them)
and why these large companies don't advertise at Celtic Park?
Shouldn't Celtic utalise every possible space at the ground to generate money. How about those huge perspex bits at each end of the top tear next to the south stand? Only a thought.
Glasgow Dave being one of the minority you talked about and having my season ticket since 1988 yes indeed it feels good to wear the HOOPS. Though had a few "arguments" with those from the dark side and what that mob stand for! Keep the Faith! (oops)
Mick
-
I don't want to open up an old debate on the quality of football again as I think its an easy excuse for people to give for not renewing their tickets. You're either a Celtic supporter or you're not. Thats my opinion. If its a financial decision, fair enough.
Of the people I know not renewing, I can say with some confidence that none held season tickets until the new Parkhead was built and the recent glory years arrived. At the risk of repeating myself, I think wining trophies has become the norm to many.
I'd be interested to know of the others who are choosing not to renew again and whether they held seson tickets in the dark 90s.
Does todays success mean more to us that sat through the Muggleton, Slater, Cascarino days? I think so.
MMFYM
-
Whatever you do please get on the coca cola site, copy and paste this link into ur browser and vote for Celtic.
Every day you should vote and get celtic £1/4 mill for a player. You can also win £10,000
get voting for the tic!!!
-
Coca cola link(forgot to add it in last post)
www.coca-colafootball.co.uk/football_league_mailouts.asp
copy and paste this into ur browser and vote
-
Can we please stop talking about the brady and maccari years. I spent a fortune on therapy to forget those dark days.
If people are tired of winning then quite frankly they are mad and should have their book seized due to insanity.
Domestic dominance is the passport to euro success and the 80,000 in seville did not look that bored to me.
These nights are made possible by buying your book and showing up as often as you can.
-
Been a while since I posted, But have been reading reguarly, and I'm glad to see that what Paul has been telling us is beggining to happen.
In regards to people not renewing or handing on season books. I attended on other peoples tickets for about ten seasons, paying for the tickets when someone couldnt use them. Suited everyone involved. I got my own ticket a few years ago, when I knew I could afford it every season. I know very few who have ever given up their tickets, but plenty who've sent them to a foster parent for the season.
On this subject, the only real monetary benefit of the system Rangers put in, is that it would allow
the allocation of spare seats when someone is not at the game. How they ever intend to apply this, without ostracising their fans, who knows.
-
Hello all,
Any posties on? £1074 bonus burning a hole in your pocket?
Go buy some shares,own a piece of the club you love,
I'm going to add to my meagre shareholding this weekend,
Am I right to do this now or wait for the share issue?
I ask cos the wifey has also got plans for the bonus and god alone knows how much will be left once spendzilla gets going in the shops
all the best
Neal
Welshbhoy
-
As i've said here previously,for every person who gives up their season ticket,there is someone like me just itching to get back to CP.
I have a suspicion that a lot of that is bluster and that talk of share issues and signings will ensure that the vast majority renew for next year.
Might need to wait till the stadium gets expanded for the EPL before I make my return.....
BankieBhoy
-
Bankiebhoy
If you want a season ticket..I know of one going spare for a season...
Let me know
Cheers
Phil
-
hi there i am looking to rent out my season ticket for this season due to being skint (no other reason) i have been a season ticket holder since 1988 (NOT MUCH FUN FOR FIRST TEN SEASONS LOL)and would really hate to lost it .
its for the north upper stand section G 4 from the front near half way line great seat send me a email if interested thanks HAIL HAIL
aolarecrap@yahoo.co.uk
ps hurry up times running out
ps great site paul glad to see yer predictions coming true long may it continue :) yers Ian
-
Paul - most of your posts have me nodding in agreement. But there are a few that get me really worried.
We recently had the "buy your season book now" post - now kindly recreated in the Herald. Whilst I agreed with the sentiment I was not comfortable with you telling people this when the club continue to rip us off.
Now we have this post - which rings alarm bells all over the place for me.
Firstly it does you no credit to call those who would question a member of the flat earth society - in fact its quite the opposite.
Now I wouldn't normally get upset about that - but with the big play going on I feel you are being disengenous about a very important matter.
DD (unfortunatley) is no different to Glaser - they are both in it to make money and thats all. Forget all this emotional investment nonesense - it will only be emotional for DD when he walks away with the cash (tears of joy).
The debt issue is also intersting - DD can do this because Celtic are so cheap - OH I WONDER WHY THEY ARE SO CHEAP!
Paul you are trying to ward off the inevitable. DD will invest again through a preference to Ordinary share issue - he will get control just as we enter the EPL and make his bid for the other shares right at this time. For you to pull the wool over our collective eyes is disappointing.
There will be NO general share issue - that would let us all share the wealth. This will be a closed shop arrangement.
Paul is right in one thing - hold onto your shares - you will make money. But forget the emotional investment - that goes out of the window with these times.
Thats the price we pay for the EPL - so I ask yet again - do the ends justify the means?
Broken record NegativeAnon
-
Anon 12.07, haw can Glazer transfer debt. See johnnybhoy.ch
Milkray, shares will be preference to prevent Desmond reaching 30% of the ordinary shares. There will be no Glazer style takeover.
Only just the beginning Milkray
DavieBhoy1888, this is exactly the future we need to aim for.
Cabbage, god bless you for your kind suggestion that I get an earner out of our fine site. Maybe look at an idea along the lines of buying shares with any funds raised.
Wee Tam, Setanta got it wrong about the penalty, no doubt. As was said her earlier (not by me), you know who you are dealing with when you listen to Hately, don’t mind him, or Derek Johnstone. More respect for them as they stick up for the interests of those who put money in their pocket.
As for the others…….
Dannybhoy67, the last £20million share issue went towards the first team wage bill.
MMFYM, the waiting list is not as large as I would hope. Your comments are consistent with what I have expected all season. The support are five years into domestic domination, and they have been badly communicated to.
‘Tell everyone you know’, the time has come to support Celtic!
Only 3 days left to renew your season book.
Glasgow Dave, excellent comment.
Mick / Neal
Family comes first, even before Celtic shares. Remember, before you concede, negotiate a payback, this is an excellent opportunity – there is always a deal to be made :-)
Thanks Ian, hope things pick up for you next season.
-
An other good article Paul - and some informative comments. I've been reading this site and particularly enjoy the analysis of the finances at Celtic. This site has helped me fill in the blanjs where my understanding was limited.
Following on from this I have a question...Could you write an article or point me in the direction of information on how the expected share issue will work? I'm not sure of the difference between preference shares and normal shares. I understand that a new issue would not dilute current shaee holdings, is this true? If so, how does that work? Are DD and his freinds not buying a % of the company's shares?
-
Neg Anon, there is no closed shop share issue which will preclude ordinary shareholders from purchasing shares.
Also, if DD is planning to bid to takeover the company, why would he be looking for others to support this and previous share issues? Does not make sense, even if it would fit your argument.
Disingenuous? Or simply wanting people to renew their season books? It fits both our objectives for people to do this.
-
Paul, ive been using other ppl's books all the time, but would like to put myself onto waiting list to get my own book in future, how would I go about this??
-
Bryanbhoy
As far as I know you have to enrol into the world huddle club and you automatically go on the list....
It leads to the question if we knew the list was going down would it in turn grow?
-
Paul, how much of the 15Million would go toward covering our debt (a la Murray with Rankers) or other expenses like training facility?
And how must would be left over for the fameux 'WarChest'?
Even 15M seems pretty small compared to some that we'll be up against in our lofty Pot2 CL position...
-
Bryanbhoy67, was by joining the world huddle via celticfc.net last time I heard.
NegativeAnon. If celtic compromise my ethics to the degree I dont agree with the clubs drive and ownership. That's when I'll take away my support of the board and take action. We know, and celtic know, if we dont get their respect. We'll take the club back from them, whichever way we can.
So no need to preach to us to be concerned, we're all taking a keen interest in celtics board manouvers, particularly, utilising this blog, but remaining neutral until information is proven.
Only if the boards decisions truely devalue the club, ethically or otherwise. Until then, they will have my support.
-
On the subject of tee shirts, as the proud owner of two magic XL,s from sixtee7.com we should (for a small fee...) get Phil to design one for the site. Paul could arrange a special weekly prize for most coherent and entertaining comment. All others could buy them to promote the site and help charitable causes. Finally...an early goal on Sunday please.
-
rumoid
I really appreciate that mate.I would prefer to have a season book in my own name to ensure i'm going back year after year but if I can't then someone elses will do the job.
Could it wait till after the renewals have been completed or do you need an answer right away?
BankieBhoy
-
Just seen on the news that Paul Lambert will be the Livingston manager once this season is over, with his former team mate McWhirter being his number two.
Now I wish Paul all the best for the future, but considering we have put him through all of his coaching certificates, whilst still earning a very good wage, surely the least that he could have done was to hang around for a couple of years to help out with the coaching of the youths.
Someone will his experience could have been invaluable to the youth coaches already there.
Wullie Gordon
-
Just finished reading comments from Premiership bigwig Paul Scudamore (thought he was a jockey?) about the Glazer takeover at Man U in which he says a businessman would not take over a Rolls-Royce with the intention of turning it into a stock car.
More significantly, he then states that Man U have always been committed to the Premiership, always promoted it and always stood by the collective bargaining for TV rights. He then implores Glazer to stick by this. Suggesting that the English authorities fear Man U will now try to go their own way.
Incidentally, the latest breakdown of Premiership payments to clubs shows Man U made about 33million pounds while even the likes of Crystal Palace made almost 20 million. Do you think Glazer will perhaps want a bigger share of that 500 million-a-year pot? And do you think he reckons the rewards would be even greater if Celtic were to take the place of the likes of Wigan and Charlton who have zero appeal to all but their own small band of fans?
Keep a close eye on developments in the Glazer case. I'm sure Dermot Desmond and his pals know what's about to happen. And if their response is to pump cash into Celtic, then very exciting times may be just around the corner.
Oh, and c'moanraSellik on Sunday!
-
Paul - so are you telling me the impending share issue will be open to all?
Of course we want people to renew season books - but I want them to go into this with their eyes open.
DD wants his friends (and currentl shareholders) to benefit - this has always been the game.
We may end up with what we both think is inevitable.
Hoopy the Round - well said - bit sometimes the obvious need stated.
Still think DD and Glaser are different?
-
Would a closed share issue not suggest it being closed to new investors and therefore any existing shareholder could take up some f the new shares?
