Small investors in football clubs cannot overpay

1059

Really delighted at the flow of sentiment towards Billy McNeill and the launch of the new frontage of Celtic Park tomorrow.  The place is beginning to look like a 21st Century venue, now we need the shops, restaurants and bars to bring the match-day experience alive.

Were you one of the fans who put £620 (or more) into Celtic shares in 1994?  Around 10,000 did, raising an initial total of around £10m from small investors alone.  It wasn’t an investment, none of us wanted or expected the money back, it was our contribution to Celtic at a time of critical need.

Many small investor-Rangers fans did the same when Newco went to market in December 2012, although one high-profile investor, who coughed up £500k, has asked Dave King to buy him out.

The stark reality facing these shareholders is that if King’s path is followed to a logical conclusion the club will be run into the ground, destroying their investments along with everything else.  I have some sympathy for their position.

King is not interested in buying control of the club, even at the discounted price shares are now available at.  He emailed the £500k investor “Why should any new investor bail out existing investors because they made mistakes in overpaying for their shares. The club needs money not complaining shareholders”.

The price paid by small investors was perhaps the most irrelevant figure to them, they paid the gross figure they could afford, irrespective of price.  The value of the share was irrelevant so to accuse them of making a mistake by overpaying is like criticising the month of March for being too purple.

How the small shareholders feel about this behaviour will not determine what actions the Newco board takes, that will be come down to how easily manipulated people like the Easdales, Mike Ashley and Laxey Partners are.  My information is they are not easily manipulated in the slightest.

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  1. ryecatcher

     

     

    20:33 on 2 May, 2014

     

    Canihaveraspberry…

     

     

    My fellow rockn’rolla….

     

     

    If you’re ever anywhere near the Cavern Club then check out this dude….

     

     

    Paul Kappa……Liverpool legend….

     

     

    Still thrashing away at 3am……Absolute brilliance downstairs in Matthew Street at weekends mate….

     

     

    http://www.youtube.com/watch?v=4yeNQHCZSlU

     

     

     

    If I wasn’t up at 4am, it would be rocking in ma hoos ra night

  2. masty is neil lennon and both of us are supporting wee oscar on

    jackie mac

     

     

     

     

    20:31 on

     

     

    2 May, 2014

     

     

     

     

    and the mcConvilles cliftonville celt

     

     

    there’s a modern dilemma for ya !

     

    ———————————————————

     

     

    wit does that mean?

  3. masty is neil lennon and both of us are supporting wee oscar on

    cliftonville celt

     

     

    simmer mo chara, don’t rise to it…

  4. masty is neil lennon and both of us are supporting wee oscar on

    snake

     

     

     

    what a year to be a tim, the whole of Glasgow was bouncing that night, no pun intended..

  5. Hamiltontim is praying for Oscar on

    Ryecatcher

     

     

    Of course mate. I called you out on one specific issue and that was it.

     

     

    No hard feelings on my part mate honestly.

     

     

    SOAL

     

     

    You’re both! Some haircut mind.

  6. Raspberry….

     

     

    Paul Kappa is truly feckin amazing…..

     

     

    Like Jimmy Barnes and Cochise were in Glesga.

     

     

    Local legend…..lovely guy too…..

     

     

    What a guitarist…..

     

     

    Plays the Cavern Pub Matthew Street around 7ish on a Saturday…..then appears downstairs,across the road in the Club after midnight……he goes on for hours…..feckin legend mate!!

  7. Evening all

     

     

    Choked with cold and sinuses playing up. Steroids for my nose. No jokes about it running in the 100m. It’s going for the Shot Putt. Boom! Boom!

     

     

    Hope to make it to match tomorrow- but no after match booze alas. Have finished first revision of my debut novel ( the one I started 15 years ago). Hero is called Thomas I Maxwell.

     

     

    Anyway to Tony Donnelly who I gather has been subject to a sanction around here. He can say some stupid things, has some odd prejudices involving Students and he tells some off colour jokes. ( and some good ones) His arguments with one person I know and like is tedious beyond belief. But I am against censorship – as opposed to telling a Hun troll to eff

     

    off- and there are certainly two regular posters who irritate me more and both of them have said things which didn’t so much offend me but disgusted me. But they carried on.

     

     

    Anyway on ( and up with) the steroids.

     

     

     

    Jimbo67 supporting and praying for Oscar Knox

  8. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........Praying for our WEE HERO! on

    Just logged on,brilliant timing.

     

     

    I hope BCW has the quiz ready to go!

     

     

    Btw,yesterday’s blog was brilliant. Fitting that it was on the anniversary of Pablo’s death.

     

     

    My best wishes to Jonathan and Sara.

  9. Hamiltontim…..

     

     

    The issue is parked up for now…..we will resolve it over a pint,at some point,mate…..

     

     

    Hail Hail

  10. Hamiltontim is praying for Oscar on

    I really, really hope we batter this mob tomorrow!!

  11. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........Praying for our WEE HERO! on

    Hi,Jimbo.

     

     

    Delighted you’ve got the book finished,mate. Hope yer feeling better in time for Tuesday.

     

     

    Call you on Sunday if you are around.

  12. Cliftonville Celt, Take a bit of time out mo chara, tensions and feelings are running high in Ireland at the moment, jackie mac maybe doesn’t understand that. It certainly is not a topic that needs raising here. Come back tomorrow and maybe make a small apology for the sweary but no apology for calling out jackie mac.

  13. Snake Plissken on

    masty is neil lennon and both of us are supporting wee oscar

     

     

    It is a hell of a thing to look back at how all over the place that season was.

     

     

    An incredible season in so many ways.

     

     

    People forget how good Hearts were in that season as well.

  14. eddiegreenhillsbhoy on

    Malone bhoy

     

    Thoughts and prayers with you & yours.will light candle for Joe at morning mass ktf.

  15. Hamiltontim is praying for Oscar on

    ryecatcher

     

     

    Certainly mate, my ma and sister live in and around Worcester so next time I’m down I’ll post on here.

  16. art of war

     

    Thank you for asking. Yes, last year was awful, with few from very close family who passed away. Doing well, my friend. Unfortunately still searching for the reasonable job, anywhere, would take anything.

  17. Hamiltontim is praying for Oscar on

    SOAL

     

     

    MJ told you what you’re doing next Sat yet?

  18. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........Praying for our WEE HERO! on

    THE SPIRIT OF ARTHUR LEE 2058

     

     

    I’ve seen some shocking gratuitous insults bandied about on here,and that ranks with the worst!

     

     

    Nice one,mind….

  19. estorilbhoy on

    Rye,

     

     

    Daughter singing at cavern tomorrow night. Has a spot between 9:00pm and 10:00pm if you can manage along. She knows my moniker.

     

     

    Hail! Hail!

  20. masty is neil lennon and both of us are supporting wee oscar on

    snake

     

     

    did hearts not go summit like 15 games unbeaten at the start of that year?

  21. The Spirit of Arthur Lee on

    BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS ………Praying for our WEE HERO!

     

     

    It’s only wee HT

  22. BIG-CUP-WINNERS on

    Evening contestants……….

     

     

    The quiz will be delayed, had broadband installed earlier in the evening and I’m running about 30 minutes late. First question will be at 9:30.

  23. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........Praying for our WEE HERO! on

    TSOAL

     

     

    He shrugs these things aside,treats them with the disdain and contempt they deserve.

     

     

    Inwardly though?

     

     

    Well,don’t leave a pint unguarded and sod off for a smoke or summat.

     

     

    He won’t nick it,he’ll pee in it!

  24. jude2005 is Neil Lennon \o/ on

    Just dropped in to say hello and see you all again. Now im off for a pint of the Pure!!! HaiL HaiL

  25. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........Praying for our WEE HERO! on

    BIG-CUP-WINNERS

     

     

    Phone and complain that yer broadband’s slow….

  26. Snake Plissken on

    masty is neil lennon and both of us are supporting wee oscar

     

     

    No.

     

     

    They kept beating all the rest but kept losing to us and our former rivals

  27. Hamiltontim is praying for Oscar on

    bobby murdoch’s curled-up winklepickers ………praying for our wee hero!

     

     

    21:06 on 2 May, 2014

     

    TSOAL

     

     

    He shrugs these things aside,treats them with the disdain and contempt they deserve.

     

     

    Inwardly though?

     

     

    Well,don’t leave a pint unguarded and sod off for a smoke or summat.

     

     

    He won’t nick it,he’ll pee in it!

     

     

    ———

     

     

    A will noo ya big eejit!! :-)

  28. Cliftonville Celt

     

     

    Rise above that young fella. Sinister stuff going on in Ireland at the moment and that post you got looked utterly naive.

     

     

    Hope you’re well and a bit late but over the moon to see the reds win again..

     

     

    Hail hail

  29. At the Villa game under a sort of half hearted protest tomorrow…..been working and living in hotels in Manchester and Liverpool all week and my Villaboy mate caught me half pished and quarter awake on Monday morning when he ‘told’ me we were going to Villa v Hull on Saturday…..

     

     

    ‘The bride'(as they lovingly refer to their wives in Staffordshire) might not be too happy as I just got back tonight……but Heyho……sure there are some good alimony lawyers in Staffordshire.

     

     

    Reminds me of a humorous Hun (my brother in law……there are some….honestly!!)…..once said ‘Dick Advocat…..why…..we already have one?’

     

     

    He was,of course referring to Donald Finlay….BOOM BOOM

  30. Mr Z- good to hear.

     

    Good luck on job front but would you take anything? Sevco might be looking for a manager if they survive….you wouldn’t go that far would you? :-)

  31. Estoribhoy….

     

     

    Just back from Liverpool…..

     

     

    If she sings anytime in Early June please let me know as I will be there for 10 days….

     

     

    Hail Hail

     

     

    YNWA

  32. The Spirit of Arthur Lee on

    bobby murdoch’s curled-up winklepickers ………praying for our wee hero!

     

     

    HT is sitting with you next week so watch out

  33. Winning Captains.

     

     

    Got the Yogi book in the post today .

     

    Looks magic !

     

    Might get a peek at it before it’s handed to my auld mhan for Father’s Day.

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