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Small investors in football clubs cannot overpay

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By on CQN BLOG & Comments

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

    HAMILTON TIM

     

     

    I reckon there may be a few people cutting back on their smoking next week!

  4. Hamiltontim is praying for Oscar on

    BMCUW

     

     

    That won’t stop me :-)

     

     

    How many are coming to bow before you next Sat?

  5. Burghbhoy on

    Malone bhoy

     

     

    Sorry to hear about your father.

     

    May God grant him peace.

     

    RIP Joe

  8. mayanman on

    jude 2005

     

    Many’s a happy hour I’ve spent listening to Willie Nelson, older stuff preferred.

     

    HH

  9. ryecatcher on

    CQN….

     

     

    Seriously…..

     

     

    Wonderful forum for venting our frustrations….

     

     

    Thank you Paul Brennan

     

     

    As Kenneth Mathieson Dalglish ( greatest footballer ever) would say……SIMPLES…..

     

     

    Aff oot wi Henrik the Dug…..huvnae seen him since Sunday……got a feeling he’s gonna point me towards the pub.

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

    HAMILTON TIM

     

     

    No-one need bow to me,bud. You know that.

     

     

    Though I always appreciate those who bend down to help me off the floor as the night moves on!

     

     

    Tbh,dunno how many will be there. I expect people to come and go as their own schedule permits. But there seem to be a few new faces promised.

     

     

    Some were probably at the last one,but,well,you know how it goes….

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

    MALONE BHOY

     

     

    Sorry to hear about your Dad. Shame that he wasn’t diagnosed early enough for treatment to work.

     

     

    Well done on the petition though.

     

     

    Best wishes to all his family and friends.

  18. Geordie Munro on

    Sumbdy nip out and get me a carry out please!?

     

     

    I’ll be yer best pal :-)

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

    bmcuw

     

     

    is the venue still the same? time? deleted yer email by mistske….hopefully myself and ME will make an appearance even for a couple of hours..

  23. Geordie Munro on

    Tsoal

     

     

    Aw you’re the best…..Hmmmmm.

     

     

    Shop shuts in 25 mins and I’m aching from a wee half shift dans le jardin.

  24. BIG-CUP-WINNERS on

    Evening folks, tonight’s first question below and a usual a nice easy one to start. Good luck to all:

     

     

    Q1 Who scored Celtic’s first goal in 2014 ?

     

     

    2 POINTS FOR THE CORRECT ANSWER

     

    PLUS A BONUS POINT FOR THE FIRST TO ANSWER CORRECTLY.

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

    MASTY

     

     

    No need to panic,mate.

     

     

    I’ll send out a new one to as many people as I can on Sunday morning.

     

     

    Venue changed from the original due to colours ban,but plan for major swallying doon the Gallowgate is still as before.

     

     

    Hope you and ME can make it,and with any luck you bring yer pal along.

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

    Joe Ledley

  35. karmarmageddon on

    jeez_I_thought_blinker_was_pants

     

    14:40 on

     

    2 May, 2014

     

    Anyone know where I could get a Google Nexus 7 screen replaced at a reasonable price. I got quoted £90, making it more worthwhile to buy a new one.?

     

    ——————————————————————————————-

     

    Jeez, if you are anywhere near St Andrews Fife then I have one in my garage that you can have. Its a doddle to fix but mine had a battery cable fault that I was going fix about a year ago and never got round to and if truth be told I never will. If thats to far ask Paul for my email saddress and I`ll stick it in a jiffy bag for you

  36. ernie lynch on

    Billy Bhoy 05

     

     

    21:03 on 2 May, 2014

     

     

    I suppose if you get your way you’ll be getting rid of those who don’t agree with you, so I suppose that will help reduce the number of unemployed.

  37. Geordie Munro on

    Tsoal,

     

     

    I don’t wanna graze ma knees when I’m sliding in, studs up on the wee man;)

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

    bmcuw

     

     

    he is still not upto it mate, spoke to him today, still very tender

  41. googybhoy ♥ we are all Neil Lennon on

    Was just talking to my daughter who is thinking of doing a year of travelling.

     

     

    As a father you can imagine I am delighted. She 25 so what can I do?

     

     

    Then it dawned on me.

     

    How far do you think you can be without one of the Celtic family being within 48hrs???

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