Small investors in football clubs cannot overpay

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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. BIG-CUP-WINNERS on

    ANSWER Q1

     

     

    Joe Ledley scored the only goal of a match against Partick on New Year’s Day.

  2. BIG-CUP-WINNERS on

    Q2

     

     

    In 1987 Celtic played Aberdeen in the Scottish Cup 3rd round. The first leg was a 2-2 draw at Pittodrie, the replay was a 0-0 stalemate.

     

     

    Where was the neutral decider played, what was the score and can you name the Celtic scorer (s)?

     

     

    1 POINTS FOR EACH CORRECT ANSWER. PLUS A BONUS POINT FOR 3-IN-A-ROW.

  3. estorilbhoy on

    ryecatcher

     

     

    21:11 on 2 May, 2014

     

    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

     

     

     

     

    No worries Rye. Think it’s a one off but will let you know if any repeat.

     

     

    Hail! Hail!

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

    MASTY

     

     

    Give him my best wishes.

     

     

    Painful injury,and uncomfortable too. Canny lie down,breathe properly,sneeze.

     

     

    Thoroughly unpleasant.

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

    Dens Park.

     

     

    McClair

  6. Jimbo67….

     

     

    I have terrible prejudices against students,just like Tony D….

     

     

    When I was part of the unwashed brigade….was surrounded by Huns that didn’t know what being unwashed was,as they had never tried to wash in the first place.Their minds were full of hubris and arrogance.

     

     

    Some truly horrible people who looked down on us…..We got the last laugh though.

     

     

    Student days were good for me…..I didn’t mix with the Klan.

     

     

    To say that Higher Education in Scotland was the best in the world is analogous with saying Rangers were the most successful team in world football.

     

     

    I’m sure Liverpool must be shittin’ themselves thinking Dead Rangers have the same amount of 5 stars on their shirts.

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

    1-0 dens I think canny remember the scorer…gettinauld csc.

  8. Hamiltontim is praying for Oscar on

    How can I remember aw that but can’t remember that it was Ledley that scored against Thistle on New Year’s Day??!!

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

    BCW

     

     

    Oops forgot to say 1-0.

     

     

    Heavily hinted at in the rest of the answer.

  10. eddieinkirkmichael on

    Hamiltontim is praying for Oscar

     

     

    21:49 on

     

     

    HangoverCSC

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

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

     

     

     

     

    21:46 on

     

     

    2 May, 2014

     

     

     

     

    MASTY

     

     

    Give him my best wishes.

     

     

    Painful injury,and uncomfortable too. Canny lie down,breathe properly,sneeze.

     

     

    Thoroughly unpleasant.

     

    ——————————————

     

     

    unfortunately dismay affect his gub lol…ffs am in for it now.

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

    HAMILTON TIM

     

     

    Had you enjoyed a traditional New Year prior to the match?

     

     

    There’s yer answer then….

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

    MASTY NASTY

     

     

    LOL,

  14. Hamiltontim is praying for Oscar on

    Eddie

     

     

    No really because I was saving myself for going out on the 1st.

     

     

    Did you see the statement from FAC?

  15. jeez_I_thought_blinker_was_pants on

    karmarmageddon

     

     

    Many Thanks for the kind offer !!! However I’m committed now to a mob that fix it for £55 inc on Ebay. Put your broken Nexus on Ebay (advertise the fault) you’ll be surprised how much people are willing to pay for something that’s knackered !!

     

     

    HH

  16. The Spirit of Arthur Lee on

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

     

     

    He was up all night with his Fran and Anna Albums

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

    bmcuw

     

     

     

    he has missed the last 2 home games. a first since he came back from canada.

  18. Hamiltontim is praying for Oscar on

    SOAL

     

     

    Be careful now bhoyo it would only take a moment.

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

    TSOAL

     

     

    My kid sisters two best pals are called Fran and Anna.

     

     

    Not them two though.

  20. eddieinkirkmichael on

    Hamiltontim is praying for Oscar

     

     

    21:51 on

     

     

    No just in an hr ago, not seen it. Do you have a link?

  21. BIG-CUP-WINNERS on

    ANSWER Q2

     

     

    Brian McClair scored the only goal of the tie at Dens park.

     

     

    Ryecatcher:

     

     

    I was at them too. Massive crowd at CP for the stalemate, and I think it was snowing in Dundee for the midweek game too.

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

    MASTY

     

     

    Blinkin’ flip,worse than I thought.

     

     

    He’ll be recovered in time for the qualifiers though. He’ll go down a treat in Embra!

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

    bmcuw

     

     

    last time he was in embra we had to break him out of the zoo.

  24. BIG-CUP-WINNERS on

    Q3

     

     

    Jock Stein’s first game in charge: who were the opponents, what was the score and can you name the Celt to score 5 goals in the game ?

     

     

    Helpful hint: we won the game.

     

     

    1 point for each and a bonus point for the first to answer all 3 correctly

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

    MASTY

     

     

    Ffs,you on the brave juice?

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