Celtic long term land dividends

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As we reported yesterday, Celtic have been busy buying up land around the periphery of the stadium for many years. The club managed to get the deal to buy land behind the Jock Stein Stand done before the mineral seam running below it was discovered. I hear the excavation rights are estimated to be worth £50m to Celtic, who bought the land for £3m in January 2009 with money which had been earmarked to buy Stephen Fletcher. Hibernian thought the Fletcher deal was done but Celtic pulled out at the last minute when the land deal became available due to an emergency cash requirement at the Council, who needed to build schools to educate children arriving in the city from Eastern Europe.

Back then, when I asked why we weren’t signing Fletcher a senior source at the club told me, “We can only spend that £3m once and we need the land for burger vans and stuff.” Before kick-off, fans currently go off-premises to spend their money, cash that could be going to Celtic. Source added, “We’ll be able to buy a Fletcher every year with the catering income we’ll make from this land deal.”

Made sense at the time, makes more sense now.

That £50m is due to arrive in time to get the Co-op off our case and leave a substantial amount available to deal with what could be the first season we ever face Sevco- keeping them in their place.

Good luck to the Celtic fans based in North America ahead of the Féile on the weekend of 17-19 January. Events are based at The Plough & Stars, Philidelphia, include live music, a tour of the An Gorta Mor Memorial, a live Beyond the Waves broadcast and a Q&A with Celtic Youth Coach, Willie McNabb.

Visit ploughbhoyscsc.com for more details, including how to secure accommodation.

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1,140 Comments

  1. billy bhoy 05

     

     

    22:00 on 9 January, 2014

     

     

    Big Nan

     

     

    A guid yin

     

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    Goodness me..what have we got here!

     

     

    HH

  2. tommytwiststommyturns

     

     

    22:02 on 9 January, 2014

     

     

    big nan – I was joking with that comment, but it’s beginning to sound as if the gent concerned has compromised his position! If true, then he’s obviously on borrowed time.

     

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    Yep he must be, arise Sir Steven…..!

     

     

    HH

  3. billy bhoy 05

     

     

    22:02 on 9 January, 2014

     

    Micktt

     

    Couldn’t argue with you on Bobby: a truly world class player…,And an Icon

     

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    See, we always end up agreeing..;-)

     

     

    HH

  4. garygillespieshamstring on

    sevco shares looking like a good bet.

     

    You can get 32 pence for sevco shares or 30p for a ginger bottle.

  5. MickTT

     

     

    22:01 on 9 January, 2014

     

     

    gerrybhoy

     

     

    21:57 on 9 January, 2014

     

    Bobby Lennox the Buzz Bomb Stand sounds good to me.

     

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    Gerrybhoy, was typing there never saw that till I posted, great minds…

     

     

    HH

     

     

    Bobby was so mercurially quick, he was given offside when………….. eh……..he wisnae

     

     

    WorldClass-StrikerCSC

  6. antipodean red on

    Just rocked up to work, had a wee look at the goals on 101GG, couple of cracking strikes from Pukki and Balde and a smashing front post cross from Emilio, keep it going Bhoys, fair sets me up for the day.

     

     

    AR

  7. garygillespieshamstring on

    Have I misunderstood the police references? I thought the point was humiliating Brigton rather than Brighton and had been caught at an orange walk in the same way as mccluskey the ex ref from Ayrshire.

  8. billy bhoy 05 @ 21:47 on 9 January, 2014

     

     

    Previously you said:

     

    “That’s simply why everyone that bought shares .…… lost most of their investment.”

     

     

    Is that true?

     

     

    If I “invested” £1000 in Celtic shares at the outset, and sold them today what is my total “loss”?

     

     

    If I invested £1200 split between ordinary shares and cumulative preference shares what is my investment worth?

     

     

    OK i’ll cut to the chase. The fact is I think you are wrong. Most who “invested” originally haven’t lost anything.

     

     

    You sound sure about your argument. I think you are wrong and you should correct your error. I’ll correct my contention if you are correct.

  9. garygillespieshamstring on

    Doc

     

     

    How very true.You might be able to help suggest cost cutting measures down sevconians way with such a sharp financial analysis.

  10. prestonpans bhoys dam justice for the 5 on

    garygillespieshamstring

     

    22:08 on

     

    9 January, 2014

     

    sevco shares looking like a good bet.

     

    You can get 32 pence for sevco shares or 30p for a ginger bottle.

     

     

    three shares for a bottle of irn bru and 30 pence back on return……

  11. garygillespieshamstring

     

     

    They are doing fine without any input from me:-)

     

     

    I just hope they manage to keep on going the way they have been.

     

     

    DoonthepanforthemCSC

  12. Read the comments on hear about the football , glad we’re talking football and thanks to the guys for putting up links to the goals 2 sweet finishes , I watched the programme about the dolphins absolutely amazing footage ….oops back to football matters , reducing the numbers for the Aberdeen game might be a bit prema imo

  13. The Comfortable Collective on

    Quick quiz question if anyone’s interested.

     

     

    Can you name the two managers who have managed 5 different clubs in the EPL?

  14. TBJ Praying for Oscar Knox on

    Comparing sevco shares with a gingy boatle is nonsense.

     

     

    Glass Irn bru bottle is much more functional…. could fill it with petrol and put a cloth rag in the top .. Light the rag and throw it in a luxury coach.

     

     

    Ask the easdales ;)

  15. ....PFayr supports WeeOscar on

    Perhaps the greatest ill of the SNP govt is allowing the polis in the guise of CC House to frame the law

     

     

    A significant line was crossed and we’re left with the bastard child of the process ….OB Act

     

     

    Unfortunately Salmond et al are too conceited to accept the error of their ways

  16. prestonpans bhoys dam justice for the 5 on

    TBJ Praying for Oscar Knox

     

    22:22 on

     

    9 January, 2014

     

     

    Wiz that a 6 county cocktail????????/

  17. And the answer is………………………………………………………………… ??

  18. PFayr

     

    I agree about the OB act, I believe the problem with Salmond is the huge majority they have in Holyrood, PR was not meant to produce such results.